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Movie Gallery Closing 400 More Stores

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Video rental company Movie Gallery today announced plans to close 400 more stores as part of its reorganization to exit bankruptcy.'

Alabama-based Movie Gallery is the nation's number two video rental chain -- behind Dallas-based Blockbuster.

Movie Gallery is closing underperforming and unprofitable stores that operate under the Movie Gallery and Hollywood Video names.

The company in September announced the closure of 520 stores.

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Elaine Misonzhnik

Senior associate editor Elaine Misonzhnik has been writing for National Real Estate Investor since June 2006 and has covered commercial real estate for more than 12 years. She first became...
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