Just wondering how CEX are making any money and still in existence considering the current financial climate with other businesses struggling?
As someone pointed out the other day in a deal thread, they have nearly 1500 copies of LA Noire for the 360. I might be wrong but that figure doesn't include stock that the franchised stores have. They are selling these for £10 and have must bought most of these in for a much higher price. Also have nearly 2000 copies of Black Ops for the 360.
They are still buying in loads of MW3 at £33 each. With the slight change of gaming online, they now don't offer codes with games (unless they keep sealed ones intact for sale). So why would you want to buy a game from there unless you've got credit?
I do know that they sell a lot of second hand phones, but surely this can't be enough to cover the losses they must be making on buying in games and blu-rays?
If anyone works for CEX, please feel free to join in.