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Game Crazy to close 200 stores

by on01 October 2009

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Will slash prices at stores being closed

Retailer Movie Gallery has announced that it will be closing roughly 200 stores of the 600 Game Crazy stores that it currently owns. The majority of the Game Crazy locations are located with Movie Gallery retail locations.

While the company is spinning the closure as a move to address underperforming units as well as response to the changes in the gaming market landscape, this indicates yet again the pressure that is going on in the retail sector.

Over the next couple of weeks Game Crazy stores that are to be affected by the closure will start marking down their current inventory. It is believed that the first cut will be 30 percent off the marked prices of all in stock inventory. So, there will be some deals to be had for the holidays.

While no exact date was announced for how long it was expected to take to close down the estimated 200 stores, it is likely that the majority of affected stores will be closed before the end of the year, according to our sources.

Last modified on 01 October 2009
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