Saturday, January 24, 2015 10:49pm
North Adams, MA now: 28 °   
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
Falchuk Looking To Grow Independent Party, Reject Olympics
Four Sworn Into Berkshire Commission on the Status of Women
Williamstown Native Hosting New HGTV Design Show
Ward Councilors Holding Public Session on Taconic High Project
BCC Falcons Set to Play First Home Basketball Games in 20 Years
Adams Historical Commission Talks Susan B. Anthony Signage
Main Street Hospitality Group Appoints Wine and Bar Director
North Adams Happenings: Jan. 21-27
Williamstown Adds Electric Car Charging Station
Lenox, Mount to Celebrate Edith Wharton's Birthday

 


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)
August 2014 (1)
March 2014 (2)
Tags:
Unemployment Expansion Jobs Baldwin Pine Cone Hill Berkshire Living Adams Auction State Sabic Unemployment Qualprint Currency Berkshire Chamber Of Commerce Berkshire Enterprises Crane & Co. Berkshire Chamber Walmart North Adams Merger Statistics Breakfast Wmeco Small Business Store Opening Berkshire Creative Williamstown Statistics Flood Gas Prices Excelsior Great Barrington Bj's Pittsfield Talkberkshires
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
New Dog Training Center Open in North Adams
White Hart Inn For Sale for $5M
Adams Co-Op, South Adams Bank Merger Approved
Williamstown Chamber Seeks Input on Future Role
Storey Publishing to Host Next Creative Challenge
Simmons Expanding Into Customized Lines
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
Boys BB: Drury vs Hoosac...
Friday night basketball, Drury boys win over Hoosac Valley...
Girls BB: Lee vs Mount...
Barrett scored a game-high 27 points in Thursday's 57-44...
Boys BB: Smith Academy vs...
The Pittsfield boys' basketball team defeated Smitch...
North Adams Chamber @...
The North Adams Chamber of Commerce held its first...
Hockey: St Mary's vs Wahconah
The Wahconah hockey team defeated St. Mary's Wednesday...
Berkshire Chamber @GFCU
Berkshire Chamber of Commerce held its January networking...
Boys BB: Wahconah vs Drury
The Wahconah boys basketball team was able to pull away and...
Boys BB: Hoosac Valley vs...
Jerry McDonough scored 14 points and went 4-for-6 at the...
Girls BB: Wahconah vs Lenox
The Wahconah girls basketball team got back on track with a...
Girls BB: Hoosac Valley vs Mt...
Hoosac used 25 points and 11 rebounds from Emily Rosse to...
Co-ed XC Skiing
The Mount Greylock cross country ski team had the home...
Girls BB: Millbrook vs Miss...
Grace Guachione scored 19 of her 22 points in the first...
Girls BB: Pittsfield vs...
The Pittsfield girls basketball team defeated Wahconah...
Boys BB: Renaissance vs...
The Phoenix was unable to get a good look on its final...
Boys BB: Smith Voc. vs McCann
Shane Fullerís season high of 29 points and Dante Cellanaís...
Hockey: S. Hadley vs Taconic
Harrison Rapant and Connor Conant each had a goal and an...
Boys BB: Drury vs Hoosac...
Friday night basketball, Drury boys win over Hoosac Valley...
Girls BB: Lee vs Mount...
Barrett scored a game-high 27 points in Thursday's 57-44...
Boys BB: Smith Academy vs...
The Pittsfield boys' basketball team defeated Smitch...
North Adams Chamber @...
The North Adams Chamber of Commerce held its first...
Hockey: St Mary's vs Wahconah
The Wahconah hockey team defeated St. Mary's Wednesday...
| 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