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| Topic: video store closes all stores | |
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WILSONVILLE, Ore. -- After more than 20 years, Hollywood video stores in Oregon and around the country are closing up shop. There will be no sequel. It's the end.
Employees at the Wilsonville headquarters were notified last Friday. Movie Gallery is the current owner. The company filed for bankruptcy protection earlier this year. Now it's in liquidation. Blame technology more than the economy for this latest drama. 1,900 Movie Gallery, Game Crazy and Hollywood Video stores are on their last reel. "The retail sales of movies and games is a dying business model," said Troy Poff, who was let go from Hollywood Video last fall during the first round of lay-offs. With a mountain of debt, Movie Gallery closed hundreds of stores earlier this year including abruptly shutting 13 leased stores at Fred Meyer locations in Oregon, Washington and Idaho. Poff says Hollywood Video was not up to date with new technology ways to deliver movies. "There were a lot of initiatives at Hollywood, that for one reason or another did not go, or take off as planned, or just bad business decisions in general," said Poff. But not enough to compete with Netflicks, streaming video on demand and Red Box rental kiosks. "I think we've all seen it coming for years," said Ralph Cole with Wellman Ferguson Capital Management says what's left will be lots of square footage. "What are you going to replace it with, it could be unwanted real estate," he said. At one time Hollywood Video was one of Oregon's Fortune 1000 companies. It started with one shop in 1988 in Southeast by Mark Wattles. When we talked to the former owner in 2002, he had 1,800 stores and 23,000 employees with plans to expand. In 2005 Movie Gallery out of Alabama bought the company. Soon it was the beginning of the end. Most of the Portland stores are in "going out of business mode",They expect to be open for the next month to liquidate inventory. |
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WILSONVILLE, Ore. -- After more than 20 years, Hollywood video stores in Oregon and around the country are closing up shop. There will be no sequel. It's the end. Employees at the Wilsonville headquarters were notified last Friday. Movie Gallery is the current owner. The company filed for bankruptcy protection earlier this year. Now it's in liquidation. Blame technology more than the economy for this latest drama. 1,900 Movie Gallery, Game Crazy and Hollywood Video stores are on their last reel. "The retail sales of movies and games is a dying business model," said Troy Poff, who was let go from Hollywood Video last fall during the first round of lay-offs. With a mountain of debt, Movie Gallery closed hundreds of stores earlier this year including abruptly shutting 13 leased stores at Fred Meyer locations in Oregon, Washington and Idaho. Poff says Hollywood Video was not up to date with new technology ways to deliver movies. "There were a lot of initiatives at Hollywood, that for one reason or another did not go, or take off as planned, or just bad business decisions in general," said Poff. But not enough to compete with Netflicks, streaming video on demand and Red Box rental kiosks. "I think we've all seen it coming for years," said Ralph Cole with Wellman Ferguson Capital Management says what's left will be lots of square footage. "What are you going to replace it with, it could be unwanted real estate," he said. At one time Hollywood Video was one of Oregon's Fortune 1000 companies. It started with one shop in 1988 in Southeast by Mark Wattles. When we talked to the former owner in 2002, he had 1,800 stores and 23,000 employees with plans to expand. In 2005 Movie Gallery out of Alabama bought the company. Soon it was the beginning of the end. Most of the Portland stores are in "going out of business mode",They expect to be open for the next month to liquidate inventory. They closed out here months ago. They also killled off their Game Crazy stores. Blockbuster is also starting to close some stores. The ones theyu are keeping open have changed format already. When you go in they look like mini Best Buy's. They sell TV's, Game Systems, DVD Players, Portible Electronics and much more. |
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WILSONVILLE, Ore. -- After more than 20 years, Hollywood video stores in Oregon and around the country are closing up shop. There will be no sequel. It's the end. Employees at the Wilsonville headquarters were notified last Friday. Movie Gallery is the current owner. The company filed for bankruptcy protection earlier this year. Now it's in liquidation. Blame technology more than the economy for this latest drama. 1,900 Movie Gallery, Game Crazy and Hollywood Video stores are on their last reel. "The retail sales of movies and games is a dying business model," said Troy Poff, who was let go from Hollywood Video last fall during the first round of lay-offs. With a mountain of debt, Movie Gallery closed hundreds of stores earlier this year including abruptly shutting 13 leased stores at Fred Meyer locations in Oregon, Washington and Idaho. Poff says Hollywood Video was not up to date with new technology ways to deliver movies. "There were a lot of initiatives at Hollywood, that for one reason or another did not go, or take off as planned, or just bad business decisions in general," said Poff. But not enough to compete with Netflicks, streaming video on demand and Red Box rental kiosks. "I think we've all seen it coming for years," said Ralph Cole with Wellman Ferguson Capital Management says what's left will be lots of square footage. "What are you going to replace it with, it could be unwanted real estate," he said. At one time Hollywood Video was one of Oregon's Fortune 1000 companies. It started with one shop in 1988 in Southeast by Mark Wattles. When we talked to the former owner in 2002, he had 1,800 stores and 23,000 employees with plans to expand. In 2005 Movie Gallery out of Alabama bought the company. Soon it was the beginning of the end. Most of the Portland stores are in "going out of business mode",They expect to be open for the next month to liquidate inventory. They closed out here months ago. They also killled off their Game Crazy stores. Blockbuster is also starting to close some stores. The ones theyu are keeping open have changed format already. When you go in they look like mini Best Buy's. They sell TV's, Game Systems, DVD Players, Portible Electronics and much more. they were talking about closing all the blockbuster expect for one across town and i havent been in game crazy in along time so i dont know whats going on in there |
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WILSONVILLE, Ore. -- After more than 20 years, Hollywood video stores in Oregon and around the country are closing up shop. There will be no sequel. It's the end. Employees at the Wilsonville headquarters were notified last Friday. Movie Gallery is the current owner. The company filed for bankruptcy protection earlier this year. Now it's in liquidation. Blame technology more than the economy for this latest drama. 1,900 Movie Gallery, Game Crazy and Hollywood Video stores are on their last reel. "The retail sales of movies and games is a dying business model," said Troy Poff, who was let go from Hollywood Video last fall during the first round of lay-offs. With a mountain of debt, Movie Gallery closed hundreds of stores earlier this year including abruptly shutting 13 leased stores at Fred Meyer locations in Oregon, Washington and Idaho. Poff says Hollywood Video was not up to date with new technology ways to deliver movies. "There were a lot of initiatives at Hollywood, that for one reason or another did not go, or take off as planned, or just bad business decisions in general," said Poff. But not enough to compete with Netflicks, streaming video on demand and Red Box rental kiosks. "I think we've all seen it coming for years," said Ralph Cole with Wellman Ferguson Capital Management says what's left will be lots of square footage. "What are you going to replace it with, it could be unwanted real estate," he said. At one time Hollywood Video was one of Oregon's Fortune 1000 companies. It started with one shop in 1988 in Southeast by Mark Wattles. When we talked to the former owner in 2002, he had 1,800 stores and 23,000 employees with plans to expand. In 2005 Movie Gallery out of Alabama bought the company. Soon it was the beginning of the end. Most of the Portland stores are in "going out of business mode",They expect to be open for the next month to liquidate inventory. They closed out here months ago. They also killled off their Game Crazy stores. Blockbuster is also starting to close some stores. The ones theyu are keeping open have changed format already. When you go in they look like mini Best Buy's. They sell TV's, Game Systems, DVD Players, Portible Electronics and much more. they were talking about closing all the blockbuster expect for one across town and i havent been in game crazy in along time so i dont know whats going on in there Game Crazy's were Hollywood video owned. They all closed down across the country. |
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WILSONVILLE, Ore. -- After more than 20 years, Hollywood video stores in Oregon and around the country are closing up shop. There will be no sequel. It's the end. Employees at the Wilsonville headquarters were notified last Friday. Movie Gallery is the current owner. The company filed for bankruptcy protection earlier this year. Now it's in liquidation. Blame technology more than the economy for this latest drama. 1,900 Movie Gallery, Game Crazy and Hollywood Video stores are on their last reel. "The retail sales of movies and games is a dying business model," said Troy Poff, who was let go from Hollywood Video last fall during the first round of lay-offs. With a mountain of debt, Movie Gallery closed hundreds of stores earlier this year including abruptly shutting 13 leased stores at Fred Meyer locations in Oregon, Washington and Idaho. Poff says Hollywood Video was not up to date with new technology ways to deliver movies. "There were a lot of initiatives at Hollywood, that for one reason or another did not go, or take off as planned, or just bad business decisions in general," said Poff. But not enough to compete with Netflicks, streaming video on demand and Red Box rental kiosks. "I think we've all seen it coming for years," said Ralph Cole with Wellman Ferguson Capital Management says what's left will be lots of square footage. "What are you going to replace it with, it could be unwanted real estate," he said. At one time Hollywood Video was one of Oregon's Fortune 1000 companies. It started with one shop in 1988 in Southeast by Mark Wattles. When we talked to the former owner in 2002, he had 1,800 stores and 23,000 employees with plans to expand. In 2005 Movie Gallery out of Alabama bought the company. Soon it was the beginning of the end. Most of the Portland stores are in "going out of business mode",They expect to be open for the next month to liquidate inventory. They closed out here months ago. They also killled off their Game Crazy stores. Blockbuster is also starting to close some stores. The ones theyu are keeping open have changed format already. When you go in they look like mini Best Buy's. They sell TV's, Game Systems, DVD Players, Portible Electronics and much more. they were talking about closing all the blockbuster expect for one across town and i havent been in game crazy in along time so i dont know whats going on in there Game Crazy's were Hollywood video owned. They all closed down across the country. humm i didnt realize that game crazy was even assicoated with hollywood video... |
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Hollywood Video: charged too much, lacked the videos I wanted most, charged late fees, rented me damaged items at full price, kept me standing on line while their male, and female, employees flirted with each other, and were slow to return items to the shelves. I gave up, and went to Netflix....which always has what I want, at low prices, with no hassles. If I get a damaged item, I mail it back,and get an undamaged replacement in a day, or two. They charge no late fees...so I can keep the things a day, or a week, or whatever, with no penalties. Hollywood: got too big, thought it was the boss, took it's customers for granted, failed to keep up with it's competitors, and became more trouble than it was worth. Of course, hiring cheapazz illegal alien teens who didn't want to work for a living, and could barely understand English, probably had something to do with it, too. Short term thinking bankrupted Hollywood Video. Long term is the way to go in business.
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It's been in the works for a few years. A friend had a maint. contract with the Movie Gallery.
After submitting his bill and waiting a couple months and no pay, he received a bankruptcy action notice. That was back in about 2006. It's been downhill for them ever since. |
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I rarely rent movies anyways, usually go see them in theaters or wait for it to show up on my 360 then rent it.
It is sad to see alot of these places going out of business though. |
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