It as been recently implied to me that the Movie Gallery in the Crowsnest Pass is closing down due the actions of our local government, here is the real story. Could this perhaps be another example of the type of Miss Information circulated in the Pass for many, many years
Movie Gallery closing most of its stores in Canada
Edmonton and area stores liquidating assets
EDMONTON — Movie Gallery Canada is closing 131 of its video-rental stores and selling off $33 million of inventory, the companies handling the liquidation announced Friday.
"The at-home video rental market has become increasingly more challenging with the rise of strong competition from cable providers, Internet, kiosk operators and subscription-based mail-delivery services," said David Peress, president of Hudson Capital Partners.
The Movie Gallery chain has closed its U.S. stores and is shuttering the majority of its Canadian locations.
A Canadian store-closing liquidation sale is being handled by a joint-venture group including Hudson, Schottenstein Bernstein Corp. and Tiger Capital Group.
Starting today, everything in the closing stores will be sold at discount prices, including DVDs, Bluray movies, video games and store fixtures. The sale is expected to last six weeks.
There are 51 Movie Gallery and VHQ stores in Alberta, including two Edmonton locations at 2347 & 2349 Rabbit Hill Rd. and 18352 Lessard Rd. as well as stores in Fort Saskatchewan, Leduc and Stony Plain.Read more: http://www.edmontonjournal.com/business/Movie+Gallery+closing+video+rental+stores/3143493/story.html#ixzz0sGk34khn
1 comment:
There are a ton of issues in the pass that are hear say or guessing or people just trying to make themselves look better like Mr Joe Trotz. I f everyone there would work together and tell truth about history and thy nieghbour it maybe would not be disminishing the way it is. Who cares who is on council or who did what or who has the biggest truck, it will not matter when it turn into a ghost town. Maybe if people where more accepting of the truth and minority cultures it would be a nice place to live.
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