Gallery Losses Continue

Gruenwedel, Erik
January 2008
Home Media Magazine;1/13/2008, Vol. 30 Issue 2, p6
Trade Publication
The article reports on the $80.7 million business losses posted by Dothan, Alabama-based rental chain Movie Gallery Inc. in the U.S. for the period from October 16 to December 2, 2007. The Hollywood Video stores of the chain suffered a loss of $53.5 million while its Gallery locations has a loss of $27.2 million. The total revenue posted by the firm for the period was over $295 million. Gallery intends to exit from bankruptcy in the second quarter of 2008.


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