Share on Google Plus Share on Twitter Share on Facebook Share on LinkedIn Share on PInterest Share on Fark! Share on Reddit Share on StumbleUpon Tell A Friend

Printer Friendly Page Save As Favorite View Favorites (# of views)   No comments

Movie Gallery Bankruptcy, Take Two: End of the Road for Video Rental?

Quicklink submitted By       Message M. Wizard     Permalink
Related Topic(s): ; ; ; ; ; ; ; , Add Tags

View Ratings | Rate It

opednews.com

Between 2008 and 2009, Movie Gallery's revenues fell by 30% to $1.4 billion, while its fourth-quarter operating loss increased by 52%. By late October 2009, the company was behind on its rent at many locations and had set up a hotline for its landlords to inquire about delinquent payments. At the same time, the company announced plans to close 200 stores.

Read the rest of the story HERE:

At www.dailyfinance.com

- Advertisement -
- Advertisement -