As its competitors continue to close stores across the Charlotte region, Queen City Audio Video & Appliances said Tuesday it will grow its footprint with a new location near Carolina Place Mall.
The new Pineville location will be the homegrown retailer’s seventh store, and it is slated to open sometime in the fourth quarter of this year, according to a company statement.
Queen City Audio Video & Appliances’ expansion bucks a national trend: Under pressure from Amazon and other e-commerce companies, retailers have been closing underperforming stores at a rapid pace this year in an effort to cut costs.
In April, for instance, electronics retailer Hhgregg announced it was going out of business and closing all of its stores, including six in the Charlotte area. As part of a company-wide cost-saving initiative, Sears closed its Monroe store in June. The company also closed a Kmart in Concord, and a Sears in Gastonia in late 2014.
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“We are continuing our aggressive, opportunistic plan to grow share in the face of the Hhgregg closings ... and the continued closings of select Sears stores,” CEO Roddey Player said.
“It’s a great location adjacent to Carolina Place Mall, on a highly traveled road that is home to many successful home furnishings businesses.”
The new 20,000 square-foot, two-story store will be at 11501 Carolina Place Parkway.
Queen City Audio Video & Appliances – which sells TVs, home theaters, appliance and mattresses – was founded as a television service business on West 2nd Street in Charlotte in 1952. The company started selling appliances in the mid-1960s.