Can retail be rescued? Why so many U.S. stores are closing
It’s uncertain whether the plug will be pulled on Grand Strand GameStop locations after the company announced it will shutter nearly 200 under-performing stores around the world, according to news reports.
GameStop, a video game store, announced on Tuesday plans to close between 180 and 200 of its 5,700 stores globally by the end of its 2019 fiscal year, USA Today reports. With 195 stores closing last year, more closures are likely over the next 12 to 24 months, The Wall Street Journal reported.
Five GameStop stores can be found along the Grand Strand, with locations in Georgetown, Conway, Surfside Beach, North Myrtle Beach and two in the Myrtle Beach area.
Coastal Grand Mall, where one store is located, has yet to be informed of any impacts to its GameStop, according to Tori Dean, marketing director with Coastal Grand. Potential impacts on other area locations were unknown as of Friday, though employees said they had not been notified of any impending closures. A list of stores closing has not been released.
The closures stem from major shifts in the video game market as consumers utilize games through their consoles, apps or purchasing them through e-commerce sites like Amazon, news reports state.
In addition to Myrtle Beach, GameStop has other locations around South Carolina, including Columbia, Florence and Charleston.
The store sells products including video games, toys, collectibles, clothing and gaming accessories.