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Movie Gallery/Hollywood Video BK? February 1, 2010

Posted by Sean Tufts in Articles, Retail News.
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Talk is increasing that Movie Gallery will file bankruptcy as early as tomorrow.  The potential reorganization/liquidation could cause the closure of up to 1,800 stores nationwide.  Movie Gallery operates 135 stores in Washington State under the Movie Gallery, Hollywood Video & Game Crazy banners.  The move would close roughly 2/3’s of the company’s retail outlets causing nationwide and open further holes in strip centers & shopping centers in the NW.

More info here.

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