Sears and Kmart both did so much diversification in the ~1980s! Discover, Allstate insurance, Dean Witter, Coldwell Banker for Sears (and Kmart had bought Borders, Builders Square, PACE, OfficeMax). If you trace the total return to a holder of Sears stock c. 1980, including the value they would have received in terms of stock in the spinoffs, the shareholders themselves may have actually ended up doing quite well in our timeline, even compared to one where Sears had reinvested all their profits into Sears, Roebuck & Co and maintained a more dominant retailing business as a result. It seems like no one really cared if the core business succeeded or failed, though.

Dunno how gamestop’s logistics works but they could leverage the existing shops as dropoff points for sellers and offer a pickup point option to bypass the postal system. eBay sellers are at a disadvantage vs Amazon warehouse sellers when it comes to shipping costs.

At least my shipping broker in Canada uses small retail stores as dropoff points and then has a network of gig courier delivery companies they send stuff to for last mile delivery. Saves a lot on shipping costs.

I’ve noticed they don’t really integrate with gig couriers for last mile US shipments, just a few consolidators for mid-mile (eg: UPS Mail Innovations that uses USPS for last mile)

Might further delay delivery times but I use eBay to save some dollars in exchange for delayed gratification.

I don’t know about everybody else but I both sell and buy on eBay items that are more niche but not totally bespoke like on Etsy (e.g. photography equipment or specific hats).

Which means an eBay store would never make sense for my type of buyer or seller because I would just go to one of the many other existing entrenched retailers for regular things.

I know eBay pushes hard for regular retail but ultimately I see it as a marketplace for less fungible items and that’s what it excels at. Regular retail for regular items is easier because the user experience is always standard.

GameStop is trying to sit in the middle and trying to move product that is a little more fungible (previously used games and now more trading cards and collectibles) but I just don’t know how big of a market it is when you have to factor brick and mortar upkeep. I don’t want them to take down eBay in an experiment.

>I am unsure how a Gamestop/eBay storefront would do. Physical manifestations of "eBay stores" have existed in the past and none of them did very well long term.

A key here I think is the easy gradual transition here because Gamestop already has the used games business they could slowly integrate that into listing used games on eBay that were received at stores and then add related categories step by step with collectables and consumer electronics. There'd also be options of ebay items delivered to store which increases store traffic and doesn't involve giving strangers on the internet your home address, and there might be opportunities there to enter logistics and lower delivery costs for people.

Everybody understands the proposal. They also understand that an offer of $20 billion loan + $7.5b cash in hand + stock in Gamestop valued by the market at $11b = $37.5b, which is < $55b, a discrepancy Cohen has not been able to account for. Ebay also understands that leveraged buy-outs are a death sentence, and that saddling its operations with $20b of debt in exchange for gaining a dead business like Gamestop would eventually kill it.

Ha yes of course, but th EU still have to show they can get the loan. They were unable to show that.

The $20B letter from TB is the leveraged part of the buy out and the math still doesn't add up even if you for some reason allow GME to dispose of all their cash in the deal without taking a hit to their stock price.