Wednesday, June 9, 2010

Final act for Marshfield Movie Gallery

Julia Doud and Mandi McLean started work in April Marshfield Movie Gallery. Just two months later, are looking for the Spur Drive store ready to close the new employment opportunities.

Dodd, store manager, said employees of couples have been proposed. 6 people like MacLean, is busy with movies and games rental business before the reorganization of the shelf to leave and never come back.

Movie Gallery employees Mandy McLean restocks film case Friday, June 4, as the store prepared to close.
"We do not want it to look spotted the hole," McLean said she put DVD movie on the rack along the back wall of the case. All the movies and games is 25 to 40 percent lower.

Movie Gallery announced in February, more than its stores will be closed this 700 years, Chapter 11 bankruptcy protection results.

"The reorganization will include the immediate liquidation of the United States and about 760 stores," including films Gallery, Hollywood Video and Game Crazy stores, according to a press release on the movie site gallery.

After these preliminary stores close, the company's 1,906 stores in the United States, including 1,111 movies galleries, 545 and 250 Hollywood video game crazy location. The company expects to end the process in Chapter 11 for more stores.

Dodd said she does not have a precise date has been the closure of local shops. In the meantime, everything, including storage devices, you can sell. A lease, "" sign hanging in front of the window.

Customers not in the imminent closure of the happy, Dodd said. "This is the only video store Marshfield."

Cris Arnold, Germany, 20, a first-person shooter sports and frequent tenant, said he was "very destruction" when he saw the "going global" business sign in front of the building.

"I think I must be on the Netflix Internet now," Arnold said he looks through the sale of the gaming device.

The announcement comes as little surprise movie gallery analyst or end user. The one from Netflix, Redbox and even YouTube, the video rental chain, competition is becoming an outdated business model and inconvenience.

Redbox in the past 10 years has not been explosive headache remedy rental chain. According to its website, Redbox has almost 25,000 in 2002 from 12 stores today.

In Marshfield, there are 3 Redbox machine.

Competition

Redbox is just one of many daggers of the chain. Netflix, the popular DVD services provide families, now has more than one thousand three hundred million users, according to the site. Stay at home, from start to finish in the leasing process is the basis for its success easy.

As new technology rental services flourish, the film gallery soon flounder. The world's second-largest rental chain, filed for bankruptcy in 2007 for the first time, but can be restored.

This time, its future is more uncertain. Movie Gallery filed for Chapter 11 bankruptcy from Chapter 7 is different, because it shows the intention of restructuring, not going out of business.

But obviously out of their store and inventory evidence that, if the inside does not happen again, it will be a much smaller scale.

Blockbuster company leaves bankruptcy, the largest rental chain, as the only survivor. However, despite the continued existence of Blockbuster, leasing giant is far from clear. Stock prices continued to fall, down 35 cents. By contrast, last year early in October, the Internet offers to take off, when its shares trading at 20 yuan.

On the part of Blockbuster's longevity came to join their acceptance, if you can not beat them. The company provides on-demand services over the years, combined with the type of Netflix service and additional benefits to local shops. The program is a relative success - Blockbuster is still in existence - but its financial situation look grim. According to the first quarter figures, after the company's net loss of 65.4 million U.S. dollars, compared with first quarter 2009 net income of 27.7 million U.S. dollars. With the U.S. Securities and Exchange Commission's narrative recent application, the company reported that bankruptcy is a real possibility.

Not available Movie Gallery Inc. family services, in light of competition and an uncertain economy, it fails to remain solvent.

Nixa Movie Gallery manager Kelisibo Wagner said the store to give advance notice of closure, but some additional details. Similarly, the Marshfield store closing date is not firm, Dodd said.

"I'm not too worried about losing my job very excited," McClain, 18, said. "And, Marshfield need a movie store."

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