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They Just Can't Compete

Posted by: , 05:07 AEST, Wed October 17, 2007

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Movie Gallery Inc. has filed bankruptcy
It was just inevitable in my opinion. I know all to well as I used to by employed here at my local movie gallery store.

Trying to compete with Blockbuster is just a no no. Specially if you aren't doing online video rentals, like Blockbuster and Netflix.

Company Quote:
"I would like to thank our customers and vendors for their continued support during this process," Malugen said. "We also appreciate the ongoing loyalty and support of our employees, whose dedication and hard work are critical to our success and to the future of the company. Our management team is committed to making this financial restructuring successful and leading Movie Gallery toward a bright future."

Ok that made me laugh!


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