GameStop is a popular retail company that specializes in selling video games, consoles, and related accessories. However, when it comes to trading card games like Magic: The Gathering, there is often confusion among customers about whether GameStop stocks Magic cards. **To clarify, GameStop does not typically sell Magic cards in their stores or online.** Magic: The Gathering is a collectible card game that has gained a massive following since its creation in 1993. The game features a vast array of cards with unique abilities and artwork, allowing players to build customized decks and compete against each other. While GameStop may sell other trading card games, such as Pokémon or Yu-Gi-Oh!, Magic cards are not part of their regular inventory.
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This means that, if the stock price jumped up dramatically, margin calls would be made and these investors couldn t avoid buying back the shares at the high price. GameStop offers new and pre-owned gaming platforms from the major console and PC manufacturers, sells new and pre-owned gaming software for current and certain prior generation consoles, and offers a variety of in-game digital currency, digital downloadable content, and full-game downloads.
While GameStop may sell other trading card games, such as Pokémon or Yu-Gi-Oh!, Magic cards are not part of their regular inventory. GameStop primarily focuses on video games and gaming merchandise, and Magic: The Gathering falls outside their core product offerings. That being said, it is possible that GameStop may occasionally carry Magic products during special promotions or events.
So… Gamestop’s Stock Price and all that
This isn’t a game dev thing, but it is interesting and I thought it would make for some interesting reading (and also probably serve as a warning - you really probably shouldn’t buy gamestop stock right now). If you read and enjoyed my [Gamer’s Primer for Financial Literacy], this might be amusing for you as well.
First, I’ll explain the game mechanics. There’s a mechanic in investing called Short Selling, where an investor hopes to make money off of a stock (e.g. Gamestop) that they believe will go down in value. That investor borrows shares of the stock from another investor and is legally bound to return those shares at some future date. The investor can then sell the shares today, wait for the stock price to drop, buy the shares back at a lower price, and return the shares to the lender while pocketing the difference. In our example, Desmal borrows five of my shares of AAGDCo and sells them today for $100 apiece, promising to return them (Desmal gains $500). In a week, AAGDCo has a scandal and the price drops to $80 a share. Desmal buys the five shares of AAGDCo back for $80 apiece (total cost: $400), returns them to me, and gets to keep the difference ($100 profit).
Under certain circumstances, the lender can enforce a margin call - a way for the lender (me) to (legally) force the borrower (Desmal) to pay back the shares she borrowed. This stops borrowers from borrowing forever if they’re in the hole (e.g. if AAGDCo actually went up in value after Desmal borrowed the shares and sold them). If there’s a margin call, Desmal must buy the stock shares and return them to me. If the AAGDCo price has gone up, Desmal must eat the difference in cost and possibly take a loss. Risk to reward here.
So what does this have to with Gamestop? Gamestop, as you may know, has been having a really rough time over the past several years. Their business is failing and doing quite badly. Physical retail stores are taking a beating thanks to Covid, and digital game distribution and sales have been exploding, leaving them behind. This meant a lot of investors thought that short selling Gamestop stock was a good idea - they think the stock price will continue to fall, so they borrow shares, sell them immediately, and then will pay those shares back at a later date when the stock price has fallen even more.
But… here’s the trick. So many investors shorted Gamestop stock that more than 100% of their stock had been short sold. These short sold investors are legally bound to buy back shares of Gamestop at whatever price once the margin call comes. This means that, if the stock price jumped up dramatically, margin calls would be made and these investors couldn’t avoid buying back the shares at the high price. So the trolls at /r/wallstreetbets decided to see if they could do it. They started buying up Gamestop stock.
At some point, when enough people buy something, the supply is gone and you can’t find it at the original price anymore (e.g. the PS5 and XSX consoles), so your only option is to raise the price you’re willing to pay in order to buy the thing you want. When enough people buy something, it naturally drives the price up. So… when /r/wallstreetbets collectively bought up all of the floating Gamestop stock, it drove the price up further and further. When this happened, the margin calls started coming in for the short sold investors, and they were forced to buy Gamestop stock at the much higher price in order to pay back the people they originally borrowed the shares from. This wave of forced buying triggered another wave of margin calls, which triggered another wave of forced buying, each round of forced buying driving the price up further. Gamestop stock being worth over $250 a share is the result of this.
Basically, too many investors had waaaay overextended themselves by short selling Gamestop stock and got burned for it. The same thing is starting to happen with other over-shorted stocks as well - Blackberry, AMC, and Express are all seeing similar things happen as well. A bunch of redditors with some money creatively used the game mechanics to grief a bunch of institutional investors who were way overextended.
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However, this is not the norm, and customers interested in purchasing Magic cards are generally advised to visit dedicated game stores, card shops, or online marketplaces. In summary, GameStop generally does not carry Magic cards in their range of products. Players and collectors looking for Magic-related merchandise are recommended to explore alternative options such as local game stores or online marketplaces that specifically cater to trading card games..
Reviews for "The Retail Giant Enters the Magic: The Gathering Market: GameStop's New Frontier"
- John - 1 star - I went to Gamestop hoping to find some Magic cards and was extremely disappointed. Not only did they not carry any, but the staff seemed completely clueless about the game. They had no idea what I was talking about when I asked about Magic cards. It's clear that Gamestop is not the place to go for any kind of collectible trading card games.
- Sarah - 2 stars - As a frequent Magic player, I was hoping to find some cards at Gamestop while picking up a new game. Unfortunately, they had a very limited selection, and all the cards they had were significantly marked up in price compared to other retailers. It just didn't seem worth it to me to buy from Gamestop when I could easily find better deals elsewhere.
- Mike - 1 star - I don't understand why Gamestop even pretends to carry Magic cards. They only had a handful of ancient booster packs that were clearly collecting dust on the shelves. It's obvious that they don't prioritize this product at all, so why bother stocking it? If you're a Magic player, I suggest going to a dedicated hobby store instead.