Thursday, February 18, 2010

Video chain to close Floydada store

A Floydada store is among an estimated 760 stores being closed by a video and video game retailer as a result of its bankruptcy filing this month.

Movie Gallery Inc. and all of its subsidiaries filed voluntary petitions for Chapter 11 reorganization on Feb. 2, according to the company's Web site. The company is an umbrella for the the Movie Gallery, Hollywood Video and Game Crazy chains.

A liquidation sale is under way at a Movie Gallery store at 302 N. Second St. in Floydada.

The company earlier had closed its Hollywood Video location at 5710 S.W. 45th Ave. in Amarillo and several hundred other underperforming stores, but the actions were not sufficient to prevent the bankruptcy filing, according to the filing.

The closings will leave the company with 1,906 stores nationwide, including 1,111 Movie Gallery, 545 Hollywood Video and 250 Game Crazy locations.

However, the retailer anticipates closing other stores during the Chapter 11 process, a restructuring page on its Web site states.

Movie Gallery stores in Hereford, Dimmitt, Dalhart, Perryton, Muleshoe, and a Hollywood Video in Clovis, N.M., remain open at this time, the Web site shows.

The retailer states it will continue to honor Movie Gallery and Hollywood Video gift cards at other stores in the area. Customers should call a customer relations hotline at 1‐877‐244‐6684 if using a card at another location is not practical.

Other information for customers can be found on the restructuring page or by calling the customer relations.

1 comment:

Karen Smith Welch said...

Hi Becky,

You're right. It is supposed to be a conversation. So thanks for the welcome back and the chance to know that the blog has readers.

Some of the spotty nature of my blog can be attributed to relatively little time to cover business, city government and a number of other topics in Amarillo. But some of it also can be attributed to personal reasons. My husband and I both lost our dads in the space of a few months, his just this month. And our moms and adjusting to this new place in our lives has been difficult.

So there hasn't been much left in the tank. Even for things I enjoy. I guess I'm trying to say thanks for sticking with me and let's keep the conversation going.