Business & Tech
Howard County GameStop Stores Could Close Yet This Year
The video game chain announced this week that it will be closing upwards of 200 stores across the country due to underperformance.
COLUMBIA, MD — Any of the GameStop stores across Maryland are at risk of closing, including in Columbia and Ellicott City in Howard County and Glen Burnie, Hanover, Annapolis, Severna Park, Fort Meade and Gambrills in Anne Arundel County. The video game retail chain has announced it will be closing hundreds of locations yet this year.
In a quarterly earnings call with investors on Sept. 10, chief financial officer Jim Bell said the chain is on track to shutter 180 to 200 stores globally by the end of 2019, the Baltimore Business Journal reported.
“While these closures were more opportunistic, we are applying a more definitive analytic approach, including profit levels and sales transferability that we expect will yield a much larger tranche of closures over the coming 12 to 24 months,” he said.
Find out what's happening in Ellicott Cityfor free with the latest updates from Patch.
Total sales for GameStop Corp. (Nasdaq: GME) declined $315.4 million or 14 percent in the second quarter of 2019, compared to the same period last year. A part of that 11 percent comparable store sales decline is because of the 195 store closures since the second quarter of 2018.
Get more local news delivered straight to your inbox. Sign up for free Patch newsletters and alerts.
