Best Buy to enter used video game market

The Globe and Mail reports that after watching video game stores do a booming business in buying & selling second-hand games, Best Buy Canada has decided to get in on the action.

"Starting with a test at six of its Future Shop stores in Calgary, the country's largest electronics retailer plans to expand its second-hand games offerings to all 133 Future Shop outlets by late summer, putting it head to head against the sector leader EB Games."

Sure it's a fast growing sector in retail right now, but will all this new competition be good or bad for game traders?

"To lure customers, Future Shop seems to be prepared to undercut EB on prices: While EB's margins on used videos are as much as five times those of new ones, Future Shop expects its margins to be just four times."

With the value of the Canadian video game market set to blow away last year's $698 million, we can all be thankful to Best Buy for curbing their greed, and not raping us quite as badly as the competition.