Wednesday, September 17, 2014 07:37pm
North Adams, MA now: 55 °   
Send news, tips, press releases and questions to info@iBerkshires.com
The Berkshires online guide to events, news and Berkshire County community information.
SIGN IN | REGISTER NOW   

Home About Archives RSS Feed
Follow iBWatercooler on Twitter
Pittsfield Movie Gallery Closing
By: Staff Reports On: 01:51PM / Tuesday February 16, 2010
Important
0
Interesting
0
Funny
0
Awesome
0
Infuriating
0
Ridiculous
0

PITTSFIELD, Mass. — The city's losing one of its video rental stores with the closing of the Movie Gallery on Dalton Avenue.

Movie Gallery Inc. filed for reorganization of its American holdings under Chapter 11 bankruptcy at the beginning of February and announced the closure of nearly a third of its Movie Gallery, Hollywood Video and Game Crazy stores across the United States.

According the restructuring announcement on its Web Page, Movie Gallery said the liquidation and closures of 760 stores are "because they are not profitable and because funds from liquidating them can help us moving forward."

The Dalton Avenue store is selling off its inventory and should close within four to six weeks.

The closings do not affect the Hollywood Video on Merrill Road or the Movie Gallery in North Adams in the L-shaped mall. Also closing is the Movie Gallery at 68 Mohawk Trail, one of two Greenfield, and two stores in the Albany, N.Y., area.

Movie Gallery is the second-largest video and game renter after Blockbuster but it's been hammered by changes in rental services, particularly by upstarts like NetFlix and Redbox. This is the company's second bankruptcy in the past three years. The first shuttered at least 400 locations including the Movie Gallery in the Stop & Shop Plaza in North Adams.

The company, which once had more than 3,000 stores, expects to reduce to a stable "core" of 900, which means more closures are likely. The chain had $129 million in losses in the fourth quarter of 2009.



Tags: closing, bankruptcy      
News Headlines
The Saga of Hadley Overpass: North Adams
How to Build a Better Budget
Barnbrook Realty Awarded Christie's Affiliatiation
Mount Greylock Parents Air Concerns About Loss of Late Buses
Merchants Blame Business Dive on Park Street Project
Bianchi To Propose Capital Budget For Roads, Parking
Volunteers Sought for Humanitarian Mapping Projects
North Adams Cab Company Plans to Relocate
Pro Hockey Team to Hold Reception, Waiting on State's Blessing
North Adams School Project on Track, Under Budget

 


Bill Schmick separates the bull from the bears in his weekly columns on investing and market wrap-ups.



Categories:
advertising (10)
agriculture (1)
arts (7)
automotive (4)
awards (16)
banking (41)
Beacon (1)
broadband (1)
business (52)
chamber (25)
closing (5)
development (23)
dining (5)
domestic animals (2)
energy (6)
entertainment (2)
federal (4)
finances (5)
food (5)
fundraiser (3)
green (2)
grocery (5)
hospitality/hotel (5)
housing (0)
insurance (3)
investment (6)
jobs (35)
labor (17)
laws (4)
Legislature (2)
manufacturing (9)
media (8)
medical (4)
networking (33)
new (22)
pricing (1)
projects (2)
promotion (6)
publishing (12)
radio (2)
real estate (8)
retail (29)
technology (13)
training (5)
transportation (1)
volunteer (1)
website (2)
wholesale (7)
workshops (6)
Archives:
September 2014 (1)
September 2013 (1)
August 2014 (1)
March 2014 (2)
January 2014 (1)
December 2013 (2)
November 2013 (3)
Tags:
Adams Merger Pittsfield Excelsior Bj's Wmeco Pine Cone Hill Statistics Auction Walmart North Adams Talkberkshires Berkshire Creative Berkshire Enterprises Jobs Berkshire Chamber Williamstown Breakfast Unemployment Sabic State Store Opening Baldwin Currency Flood Great Barrington Qualprint Gas Prices Expansion Statistics Small Business Unemployment Crane & Co. Berkshire Chamber Of Commerce Berkshire Living
Popular Entries:
Berkshire Jobless Rates Drop
Bay State Continues to Add Jobs
Excelsior Brings Greeting Card Co. To North Adams
Covanta's Pittsfield Facility Gets High Marks from OSHA
Adams Co-Op, South Adams Bank Merger Approved
White Hart Inn For Sale for $5M
New Dog Training Center Open in North Adams
Simmons Expanding Into Customized Lines
Williamstown Chamber Seeks Input on Future Role
Real Estate Panel to Tour S. County, Pittsfield Sites
Recent Entries:
Berkshire Eagle Parent Mulling Newspaper Sales
Digitial First Puts Vermont News Buildings on the Market
Berkshire Chamber, Neal Hosting Facebook for Business Workshop
Winstanley Wins Big at Annual ADDY Awards
Eggs & Issues Event Focuses on Rail Cars, Development
State Unemployement Rate Drops Slightly
New Biotech Firm Setting Up in Pittsfield
Crane Museum Opens Retail Store
License Commission Approves River Street Package Move
North Adams Big Y Celebrates Renovations


View All
Golf: Monument vs Mount...
Two standout rounds for Mount Greylock and one standup move...
Volleyball: Lee vs Mount...
Lee 3, Mount Greylock 0, The visiting Wildcats won 25-23,...
Soccer: Mount Greylock vs...
Eric Hirsch scored twice and set up two goals to lead the...
Josh Billings RunAground 2014
The team from Pittsfield's Allen Heights Veterinary won the...
Football: Amherst vs Williams
Football: Amherst vs Williams in a scrimmage on Saturday...
Girls Soccer: Drury vs...
Taconic girls soccer team took a 3-2 win over Drury on...
Football: Wahconah vs...
The Wahconah Warriors tamed the Chicopee Colts 44-6 at home...
Football: Taconic vs...
The Taconic Braves ran over the Cathedral Panthers 20-8 at...
Youth Center Chair Reception...
Inspired seating was on display Saturday night in the...
Volleyball: Mount Greylock vs...
Mount Greylock bested Wahconah 3-2 on Wednesday night at...
Northern Berkshire Food Fest...
Hundreds flocked to Main Street on Sunday for the annual...
Williamstown Fun Run 2014
About 100 participants competed in the 5-kilometer and...
Soccer: Pittsfield vs Mt...
Friday night girl's soccer PHS wins over Mount Greylock...
Soccer: St. Joe s vs McCann...
McCann Tech defeated St. Joseph, 5-2, Wednesday afternoon...
Boys and Girls Cross Country
Lenox's girls went 3-0 on the afternoon, beating Hoosac,...
Soccer: Renaissance vs McCann
The McCann Tech girls soccer team lost to Renaissance, 2-1,...
Golf: Monument vs Mount...
Two standout rounds for Mount Greylock and one standup move...
Volleyball: Lee vs Mount...
Lee 3, Mount Greylock 0, The visiting Wildcats won 25-23,...
Soccer: Mount Greylock vs...
Eric Hirsch scored twice and set up two goals to lead the...
Josh Billings RunAground 2014
The team from Pittsfield's Allen Heights Veterinary won the...
Football: Amherst vs Williams
Football: Amherst vs Williams in a scrimmage on Saturday...
| Home | A & E | Business | Community News | Dining | Real Estate | Schools | Sports & Outdoors | Berkshires Weather | Weddings
Advertise | Recommend This Page | Help Contact Us | Privacy Policy| User Agreement
iBerkshires.com is owned and operated by: Boxcar Media 102 Main Street, North Adams, MA 01247 -- T. 413-663-3384 F.413-664-4251
© 2000 Boxcar Media LLC - All rights reserved