Movie Gallery to shut as many as 450 stores
By Danny King -- Video Business,10/29/2009
OCT. 29 | PHYSICAL: Movie Gallery might close as many as 450 of its eponymous and Hollywood Video stores, or about 14% of its total, by the end of the year, as the No. 2 U.S. movie-rental chain struggles against increasing kiosk and by-mail sales by competitors such as Redbox and Netflix.
Movie Gallery, which has about 2,900 units, has closed 250 stores since the beginning of last month and might close another 200 by year end, the company confirmed today. The company has said it would shut 200 of its Game Crazy stores this month.
Movie Gallery has faced growing competition from U.S. movie-rental kiosk leader Redbox and by-mail leader Netflix since emerging from Chapter 11 in May 2008. In the past few weeks, Movie Gallery set up a “real estate hotline” for its landlords that promised a 48-hour response to their inquiry, implying the chain has had trouble keeping up with its rent payments. One landlord told Video Business that the chain was 20 days late paying rent to him.
The closures were reported by Bloomberg News earlier today.
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| Submitted by: | dfg dfg (fgsdfg@kjad.com) 1/19/2010 10:15:32 AM PT |
| Location: | 32ery |
| Occupation: | rtgytrh6 |
If you google Movie Gallery 1000 you'll see they are closing another 1000 stores after this!
| Submitted by: | Jack Wells 1/13/2010 4:10:43 PM PT |
| Location: | Georgetown, TX. |
| Occupation: | Retail |
I think Obama's administration should give them a bail out like they have done for the Auto industries. This would at least benefit more people that it did in the auto industry. I'm was a Diamond Member at Hollywood Video renting between 12-24 movies a month. Our store closure has left us with only Blockbuster in the area. I guess it's netflix for me because I hate Blockbuster's high rental prices and late fee's after three days.
| Submitted by: | Tom (tdduppling@gmail.com) 1/8/2010 4:49:03 PM PT |
| Location: | VT |
| Occupation: | Indie Owner |
Right now there is less than 3200 stores and looks like another 1200 stores may be closed in the next few months bringing them under 2000 units. Looks like most of Canada will be closed also however there is only about 50 stores left up there now. They may also be heading to court again under chapter 11 within the next few weeks, this will enable them to walk on more leases and not pay any bills again. Bottom line is if ya work for them start polishing off that resume, your gonna need it.
| Submitted by: | closedwithoutwarning 1/4/2010 2:23:56 PM PT |
with all the store closings last year i was wondering if anyone knew how many stores are left?
| Submitted by: | Laura Beal (Haileysmom4604@aol.com) 1/2/2010 2:08:14 PM PT |
| Location: | Archdale, NC |
| Occupation: | Former Manager |
Former Manager..........
Something is seriously wrong with company, my store in Greensboro North Carolina was just shut down 2 weeks ago with out any notice at all. I went to work the Wednesday the 16th right before christmas and to my surprise there was my dm and some other manager and employees to pack my store and close the doors. Granted we had been an outlet since October 22. We did know that it was coming but thought that we would get a little notice. I have heard that recently the company is planning on filing chap 11 again are you serious.... To any who work or rent in a Movie Gallery or Hollywood Video you better start looking for a new job now before you out on your ass b/c this company doesn't give a shit about you or your family.
USERS BEWARE OF THIS COMPANY
| Submitted by: | Jason (jasond@icanttellyoucauseidbefired.com) 12/23/2009 10:46:06 PM PT |
| Location: | MG |
| Occupation: | Employee |
Get ready folks for another round of massive store closings coming in January. With rent still in the arrears MG finds itself being locked out of many locations unable to gain access to the inventory which in many cases is being sold off to cover back rent.
As the company fends off a complete collapse, more stores are on the chopping block.
| Submitted by: | Jane (Jane@fixusplease.com) 12/20/2009 10:30:25 AM PT |
| Location: | USA |
| Occupation: | wishful thinking |
Mr Jobs,
How long were you with Hollywood/Movie Gallery? Did they realign your area knocking you out. That has happened several times here. Sorry for that this happened to you.
| Submitted by: | Mr Jobs (TOOFUNNY@MG.COM) 12/19/2009 7:51:53 PM PT |
| Location: | Denver |
| Occupation: | EXDM |
Hollywood Video District Manager
This could be your big break! We are looking for a District Manager to help us achieve our mission of establishing our Video brand as the premiere provider of entertainment products. We create exceptional experiences for our customers while offering them the most entertainment possible. We are dedicated to a culture of caring, trust and respect, and offer great compensation, benefits, and growth potential.
Job Summary: The District Manager provides leadership, management, and supervision of the store operations of multiple store locations within an assigned territory. The District Manager reports to the Regional Director of Operations.
ESSENTIAL DUTIES AND RESPONSIBILITIES
Management Responsibility:
Conducts store visits to ensure compliance, train, and provide feedback on store operations
Reviews the results from each type of visit with the Store Manager
Reviews reports and other store documents to protect Company assets and identify potential losses
Works with Support Center personnel to gather information and investigate losses
Trains store personnel to protect company assets and to provide a safe working environment for customers and store personnel
Maintains appropriate staffing levels within the district
Monitors, coordinates and handles all labor issues that arise in the district
Ensures adherence to all policies and procedures regarding legal documentation
Monitors controllable expenses such as payroll, utilities, and supplies
Staffs all personnel assignments by conducting recruiting activities and hiring interviews
Personally interviews all store associate candidates.
Directs training function for all new hires and existing staff
Evaluates assigned staff on established schedule and approves all evaluations prepared by others
Supervises and approves all disciplinary actions and ensures such actions are fair, equitable and within the scope of accepted Company practice
Prepares all paperwork for new hires and Status Change Reports for, salary adjustments, promotions, transfers, and termination actions, and forwards for necessary approvals
Ensures that associates are delivering exceptional customer experiences on a consistent basis.
Organizational Awareness:
Reviews operating budgets and revenue goals
Monitors trade area for new or closing competitors
Adjusts levels of merchandise in stores by stock balancing within the district
Recommends changes in product mix and placement
Analyzes and tracks the results of the physical inventory results for the stores
Uses Financial Statements and Spreadsheets to review, monitor, and analyze the profitability
Tracks the daily financial performance of each store within the district. Uses various revenue reports to review, monitor, and analyze the performance of each store within the district
Sales Understanding:
Actively promotes company programs and events
Creates marketing strategies to ensure the success of company programs and events
Coordinates requests for coupons and special marketing programs for stores
Monitors and tracks results of company programs and events
Teaching Others:
Monitors and tracks the training of all store personnel
Completes a performance review for Store Managers
Monitors that all store personnel are receiving performance reviews
Uses progressive discipline to correct performance problems
Uses Corrective Action to document performance problems
Conducts Store Manager meetings and workshops to develop and inform store personnel
Additional job duties may be required.
The successful candidate will be a passionate businessperson with:
· A minimum of 3 years in multi-unit retail and/or restaurant management (travel required)
· A passion for interacting with customers and developing associates who create exceptional experiences
· Proven success recruiting and selecting top talent
· Demonstrated strong analytical, organizational, problem solving, and communication
· The ability to work a flexible schedule
· Creative and innovative strategies for maximizing sales and productivity in a complex business
We offer:
· Competitive salary
· Medical, dental and vision coverage
· Free movie / game rentals
· Discounts on purchases
· Comprehensive paid time off program including vacation, sick time and holidays
· Incentive Bonus Program
· 401K
· Career advancement opportunities
· Work/life balance
* Benefits may not be available for all positions
Come and join a fun and exciting company that's all about our associates and creating exceptional experiences for our customers.
For more information on career opportunities with Movie Gallery Inc, visit our web site at www.hollywoodvideo.com/jobs
Movie Gallery Inc. is an equal opportunity employer.
Req. Code : DM-Colorado
Division/Department : Hollywood Video
% of Travel Required : 80-90%
An equal opportunity employer.
| Submitted by: | t 12/15/2009 8:02:32 PM PT |
| Location: | t |
| Occupation: | t |
www.videobusiness.com/article/CA6711942
videobusiness.com just picked up the news at the link above.
| Submitted by: | R.T. (tr@gmail.com) 12/15/2009 11:40:13 AM PT |
| Location: | CA |
| Occupation: | Indie Owner |
notmgemployee, not only do they have to prove everything to the courts, they also have to obtain more financing. Taking the top 10-15% of the stores is not enough to pay off the 843,000,000.00+/- they owe in debt. Most likely those notes will not be paid and they will declare bankruptcy.
However going forward they will still need to secure financing for the future, now if you just declared bankruptcy on 843 million who is going to give them more funds. Keep in mind they have also taken a 30 day break from paying loans, 90 days break from paying landlords, and the studios have them on a very short terms and in some cases COD. They are getting fewer copies of movies. I now several snack vendors like Coke have dumped them for non-payment.
If they do emerge from bankruptcy yet again, I doubt they will be a serious threat to any indies anymore. BB has diversified so much MG will never be able to compete against them.
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