As part of the restructuring plan, Movie Gallery will close an additional 400 stores. Movie Gallery currently has 3,890 stores under the Movie Gallery, Hollywood Video, and Game Crazy brands.
"The decision to close stores is always difficult, but we are confident that we are taking the right steps to emerge from bankruptcy as a stronger company, better positioned for long-term success," chief executive Joe Malugen said in a statement.
Blockbuster, Redbox, Netflix and others will benefit from fewer video stores.
"Blockbuster, Redbox, Netflix and others will benefit from fewer video stores."
But will consumers?
Posted by: heathen | February 06, 2008 at 05:13 AM
Considering the general quality of management, selection and employees at the Hollywood Video in my town, I'd say yes.
Posted by: Rich | February 06, 2008 at 08:29 AM
"...better positioned for long-term success," -- Not as long as they depend upon traffic and today's kids in their stores. Not to denigrate the current crop, but a lot of kids do not have a clue when it comes to customer relations and that will kill a business quicker than almost anything else.
Posted by: Old Timer Too | February 06, 2008 at 08:54 AM
Wow, I thought it was just my local Hollywood Video store. They rearranged the store layout once and the shelves were such a mess that I told the manager I'd be back after they alphabetized. I said it again TEN MONTHS later after it appeared they had not made any progress. Too bad, they have always had a wider selection and lower pricing than BB.
Posted by: Im Not A Turnip | February 06, 2008 at 10:42 AM
Bizarrely, my town has a Movie Gallery and a Hollywood Video within site of each other. I wonder if they'll finally close one of them.
Posted by: CTD | February 06, 2008 at 11:32 AM
its no wonder they are going under , not to mention that they have a bad management structure , and have unqualified people to be in management , they also have several pending legal actions against them for various things , including age discrimination towards older workers, unfortunately the customers are always the ones to pay for those types of mistakes.
Posted by: robert white | February 07, 2008 at 12:15 AM
its no wonder they are going under , not to mention that they have a bad management structure , and have unqualified people to be in management , they also have several pending legal actions against them for various things , including age discrimination towards older workers, unfortunately the customers are always the ones to pay for those types of mistakes.
Posted by: robert white | February 07, 2008 at 12:16 AM