Roughly 8 months ago, Game Crazy and Hollywood Video’s parent company Movie Gallery Inc. chose to close 200 stores out of of 680 as part of a restructuring plan. However, the following months they continued underperforming, and more and more Game Crazy stores got shut down. Imminent bankruptcy was looming in the horizon.
Last saturday, it was announced Movie Gallery, along with Game Crazy and Hollywood Video were closing their doors, and will begin the respective liquidation of the no more than 250 stores remaining.
No additional comments have been made from the people at Movie Gallery Inc. at this time, but this is sad news indeed.