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GRETCHEN METZ , Staff Writer 02/08/2004

WEST GOSHEN -- Video game retailer Electronics Boutique expects to break ground on a new 315,000-square-foot distribution center this spring.

The warehouse building will be located in the Bellaire Corporate Park in Sadsbury. It will consolidate distribution facilities now located in two buildings at the company’s corporate headquarters on Matlack Street. The company headquarters will remain in West Goshen.

The company already operates a distribution center in Louisville, Ky., and third-party centers nationwide, said Liz O’Sullivan, company spokeswoman.

"It will make us more efficient. With our aggressive growth plan, we’re at capacity," said O’Sullivan.

Electronics Boutique sells video game hardware, software and personal computer entertainment software and accessories. The 27-year-old company has 1,529 stores under the names EB Games and Electronics Boutique in 11 countries.

O’Sullivan said the company added 300 new stores last year and plans to continue aggressive store growth.

Video games are a growing market which surpassed movie video sales two years ago, O’Sullivan added.

The new distribution center is expected to be completed in September. About 300 employees will work there, creating 150 jobs over a three-year period, O’Sullivan said

Sadsbury supervisors’ Chairman Ralph T. Garris Jr. said the township is doing "everything they can" to speed the land development process along for Electronics Boutique.

"We welcome them to our township," Garris said.

Garris said the township would like to get Electronics Boutique and Bellaire Corporate Park neighbor Keystone Helicopter together to hold a job fair at the Sadsbury Township Building.

Electronics Boutique was founded by James J. Kim in 1977.

Its first retail location was a 10-by-13-foot kiosk in the King of Prussia mall selling digital watches, calculators and small radios. The company went public in 1998 with 5 million shares at $14 a share.

Electronics Boutique just came off a record nine-week holiday period ending Jan. 3. During that time, its sales grew 24.4 percent to $544.4 million, up from $437.6 million for the same period a year ago.

Comparable store sales increased by 2.5 percent for the nine-week period, outpacing the company’s forecast.

Electronics Boutique Holdings Corp. reported net income of $38.9 million, or $1.48 per diluted share, on revenues of $1.3 billion for fiscal 2003.

Electronics Boutique’s fiscal year ends on the Saturday nearest to Jan. 31. It has not yet released its 2004 fiscal earnings.

İDaily Local News 2004 

 

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Last modified: 12/01/07