Movie Gallery Closing 160 More Stores - WSFA.com Montgomery Alabama news.

Movie Gallery Closing 160 More Stores

Dothan, Al. (WSFA) -- It's another round of closings for Dothan based Movie Gallery Inc.

On Thursday the company announced it will close another 160 underperforming Movie Gallery and Hollywood Video stores in a third and final round of closings. Three of those stores are in Alabama including ones in Elba, Abbeville and Tuscaloosa.

Joe Malugen, Chairman, President and Chief Executive Officer of Movie Gallery, said, "While the decision to close stores is never easy, this final consolidation will allow us to further focus our resources on those stores with the strongest operating performance and best prospects for growth after we emerge from bankruptcy. This is another positive step forward in our restructuring to position the Company for profitability and long-term success. "

DOTHAN, Ala., April 2, 2008 - Movie Gallery, Inc. ("Movie Gallery") (OTC Pink Sheets: MOVIQ.PK) today announced that it plans to close approximately 160 underperforming Movie Gallery and Hollywood Video stores in its third and final round of store closures. This consolidation of store operations is in addition to the closures previously announced on February 4, 2008 and September 25, 2007.

"Movie Gallery remains committed to its loyal customers and talented employees.We will work with customers at affected stores to transfer their accounts to other nearby Movie Gallery and Hollywood Video locations where possible," continued Mr. Malugen.

Movie Gallery expects liquidation sales at affected stores to begin in approximately one week and to conclude by April 30.

  • NewsMore>>

  • Giuliani advises no Mueller interview without informant info

    Giuliani advises no Mueller interview without informant info

    Sunday, May 27 2018 11:05 AM EDT2018-05-27 15:05:32 GMT
    Sunday, May 27 2018 7:35 PM EDT2018-05-27 23:35:09 GMT
    President Donald Trump's attorney Rudy Giuliani says the president wants details on the classified information shared with lawmakers about the FBI investigation into Russian election meddling before deciding on an interview (Source:CNN)President Donald Trump's attorney Rudy Giuliani says the president wants details on the classified information shared with lawmakers about the FBI investigation into Russian election meddling before deciding on an interview (Source:CNN)

    President Donald Trump's attorney Rudy Giuliani says the president wants details on the classified information shared with lawmakers about the FBI investigation into Russian election meddling before deciding on an...

    More >>

    President Donald Trump's attorney Rudy Giuliani says the president wants details on the classified information shared with lawmakers about the FBI investigation into Russian election meddling before deciding on an interview with the special counsel.

    More >>
  • Budget battle brews as Trump threatens another shutdown

    Budget battle brews as Trump threatens another shutdown

    Sunday, May 27 2018 8:04 AM EDT2018-05-27 12:04:06 GMT
    Sunday, May 27 2018 7:34 PM EDT2018-05-27 23:34:47 GMT
    (AP Photo/J. Scott Applewhite, File). FILE - In this March 30, 2017, file photo, the Capitol Dome is seen at dawn in Washington. The Senate has kicked off its annual attempt to pass government funding bills. Success is hardly assured, but President Don...(AP Photo/J. Scott Applewhite, File). FILE - In this March 30, 2017, file photo, the Capitol Dome is seen at dawn in Washington. The Senate has kicked off its annual attempt to pass government funding bills. Success is hardly assured, but President Don...

    President Donald Trump has warned Congress that he'll never sign another trillion dollar plus government-wide spending bill like the one he did in March.

    More >>

    President Donald Trump has warned Congress that he'll never sign another trillion dollar plus government-wide spending bill like the one he did in March.

    More >>
  • Soldiers recall carnage of Alaska WWII battle 75 years later

    Soldiers recall carnage of Alaska WWII battle 75 years later

    Sunday, May 27 2018 11:34 AM EDT2018-05-27 15:34:09 GMT
    Sunday, May 27 2018 7:34 PM EDT2018-05-27 23:34:36 GMT
    (AP Photo/Mark Thiessen). In this May 19, 2018, photo World War II veterans Allan Seroll, left, of Massachusetts, and William Roy Dover, right, of Alabama, right, attend a 75th anniversary celebration of the Battle of Attu in Anchorage, Alaska. Dover w...(AP Photo/Mark Thiessen). In this May 19, 2018, photo World War II veterans Allan Seroll, left, of Massachusetts, and William Roy Dover, right, of Alabama, right, attend a 75th anniversary celebration of the Battle of Attu in Anchorage, Alaska. Dover w...

    One of the bloodiest World War II battles in the Pacific was waged 75 years ago this month on Attu Island in Alaska's Aleutian Islands.

    More >>

    One of the bloodiest World War II battles in the Pacific was waged 75 years ago this month on Attu Island in Alaska's Aleutian Islands.

    More >>
Powered by Frankly