Hollywood Video, Game Crazy and Movie Gallery announces 760 Stores Closing – Company Filing for Chapter 11 Bankruptcy

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[Best Syndication News] Movie Gallery Inc. has filed for reorganization under Chapter 11 of the Bankruptcy proceedings. This reorganization will cause the company to close 760 Movie Gallery, Hollywood Video, and Game Crazy stores across the United States. Stores in Canada are not affected by the restructuring.

The store closures are happening because they have not been profitable. There will remain 1,906 stores in the U.S., including 1,111 Movie Gallery, 545 Hollywood Video and 250 Game Crazy store locations that will continue to operate, however the corporation warns that they will more than likely will be closing more stores during the Chapter 11 process.

Over the last two years the company has been faced with financial downturns which they have already closed several hundred underperforming stores across the country.

With the closures there will be clearance sales going on at these locations. To search for stores that may be closing their doors you can search their List of Hollywood Video & Movie Gallery Stores Closing which will list all stores currently open and those that are closing.

Movie Gallery Inc Customer's FAQ about the video and game rental store closures

By: N Wilson

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