Home About Archives RSS Feed

Pittsfield Movie Gallery Closing

Staff Reports

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
MPO Urged to Start Mohawk Bike Path Construction Earlier
New Gas Station Proposed In Adams
North Adams Council Accepts Bullett Resignation, Mulls Replacement
Clarksburg Elects New Select Board, Planning Board
Adams Fire District Sets $2M Budget for Fiscal 2018
House Lawmakers See Importance of Meals on Wheels Firsthand
Bob Heck Announces Campaign For Pittsfield City Council
Williams College Running Culvert Underneath Downtown
Stamford Group Asks for Time to Research Joint-Clarksburg School District
Pittsfield City Council Begins Review of Proposed Fiscal 2018 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 (5)
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 (3)
manufacturing (9)
media (8)
medical (4)
networking (33)
new (22)
pricing (1)
projects (2)
promotion (6)
publishing (13)
radio (2)
real estate (8)
retail (29)
technology (13)
training (5)
transportation (1)
volunteer (1)
website (2)
wholesale (7)
workshops (6)
Archives:
Tags:
Talkberkshires Merger Williamstown Breakfast Currency North Adams Auction Berkshire Living Expansion Social Media Berkshire Enterprises Sales Tax Adams Unemployment Excelsior Bj's Jobs Unemployment Sabic Baldwin Store Opening Wmeco Berkshire Creative Gas Prices Walmart Great Barrington Pittsfield State Statistics Statistics Berkshire Chamber Of Commerce Crane & Co. Flood Qualprint Small Business
Popular Entries:
Berkshire Jobless Rates Drop
Bay State Continues to Add Jobs
Excelsior Brings Greeting Card Co. To North Adams
Williamstown Chamber Seeks Input on Future Role
White Hart Inn For Sale for $5M
Aladco Installs New 'Green' Washing Machine
New Dog Training Center Open in North Adams
Storey Publishing to Host Next Creative Challenge
Covanta's Pittsfield Facility Gets High Marks from OSHA
Adams Co-Op, South Adams Bank Merger Approved
Recent Entries:
Biz Briefs: Mr. Tire, Tax Holiday, Business Directory
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