Movie Gallery to Shutter All Stores

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Movie Gallery to Shutter All Stores

05-03-2010, 07:17 AM

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Movie Gallery to Shutter All Stores

Quote:

Movie Gallery to Shutter All Stores
Posted May 2, 2010 05:05 AM by Juan Calonge

According to Home Media Magazine, all stores operated by Movie Gallery (including Hollywood Video and Game Crazy) will begin shutting down operations in approximately two weeks, followed by a nationwide liquidation sale, which will be completed in another six to ten weeks. Movie Gallery had filed for Chapter 11 bankruptcy protection in February, for the second time in three years.

The chain had already closed hundreds of stores between late 2009 and early 2010. As of February 3, it still operated 1,906 stores in the US, including 1,111 Movie Gallery, 545 Hollywood Video and 250 Game Crazy.

Source: Home Media Magazine |
Another victory for Best Buy and Net Flix.

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