Movie Gallery Canada announced that it will be closing 131 Movie Gallery and VHQ stores throughout Canada beginning Saturday, June 12, 2010.
According to the statement, consumers can expect to find everything in the closing stores, including DVD and Blu-ray movies, video games and store fixtures at discounts beginning at up to 30% off. The store closing sale is expected to last approximately six weeks.
For more information visit: www.sbcapitalgroup.com ; www.tigercapitalgroup.com ; www.hudsoncpl.com
Unedited press release follows:
Movie Gallery Canada to Hold Store Closing Sale in Majority of Stores Throughout Canada
Leading Video Store Chain to Liquidate Merchandise in 131 Stores Beginning Saturday June 12th
TORONTO–Movie Gallery Canada today announced that it will be closing 131 Movie Gallery and VHQ stores throughout Canada beginning Saturday, June 12th (see full store closing list attached). Inventory valued at approximately $33,000,000 will be completely liquidated in a store closing sale managed by a joint venture group consisting of: Schottenstein Bernstein Corporation, Tiger Capital Group, and Hudson Capital Partners.
Consumers can expect to find everything in the closing stores, including DVD and Blu-ray movies, video games and store fixtures at significant discounts beginning at up to 30% off. The store closing sale is expected to last approximately six weeks. Gift cards will continue to be honored during the sale.
“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. “For more than 20 years, Movie Gallery has been providing consumers with a great selection of movies, videos and games for purchase and rental. During the store closing sale consumers can expect to find all merchandise for sale at below market prices.”
About Schottenstein Bernstein Corporation
Schottenstein Bernstein Corporation, a unit of SB Capital Group, LLC, is a leader in the field of asset recovery, rescue finance, restructurings and store closing / event sales. With a portfolio of businesses and investments across a wide area of sectors including retail, consumer products, franchising, licensing and real property, SB Capital Group’s specialties include asset disposition services, acquisitions, financial solutions, as well as appraisal and valuation services. Please visit www.sbcapitalgroup.com to discover the many ways SB Capital Group helps businesses successfully manage change.
About Tiger Capital Group
Tiger and affiliated companies provide comprehensive advisory, valuation, auction, management, and disposition services for a broad range of retail, wholesale, and industrial companies. Over the past 30 years, we have managed more store closings than any other business in the industry and have provided inventory appraisals on behalf of a wide range of industries and merchants. Our focus is to help retailers, asset-based lenders and other financial institutions understand the underlying value of inventory and to provide key monitoring advice. To learn more about Tiger Capital Group, please visit www.tigercapitalgroup.com.
About Hudson Capital Partners, LLC
Hudson Capital Partners, LLC offers an extensive array of professional solutions to the challenges retailers face today, including management of excess, obsolete and discontinued inventory, changing geographic and demographic circumstances, unproductive store sites, and real estate and liquidity issues. The firm’s diversified staff is experienced at performing strategic store closings and relocations, fixed asset dispositions, wholesale inventory buyouts and lease mitigations. To learn more about Hudson Capital Partners, please visit www.hudsoncpl.com.
Movie Gallery and VHQ Store Locations to Hold Liquidation Sale: STREET ADDRESS CITY PROVINCE 5101 Broadway Ave. Blackfalds AB 11001 20th Avenue Blairmore AB 1-312 Cassils Road West Brooks AB 1066-11300 Tuscany Blvd. N.W. Calgary AB 3566 Garrison Gate S.W. Calgary AB 6490 Old Banff Road S.W. Calgary AB 6608 48th Avenue Camrose AB 100-1040 Railway Avenue Canmore AB 555 Main Street Cardston AB 5104 50th Avenue Cold Lake AB 17 Athabasca Avenue Devon AB 2034 19th Avenue Didsbury AB 400-650 South Railway Ave. E Drumheller AB 5015 51st Avenue Eckville AB 2347 & 2349 Rabbit Hill Rd. Edmonton AB 18352 Lessard Road Edmonton AB 9902-93rd. Street Fort Saskatchewan AB 102-9505 68th Avenue Grand Prairie AB 2300 Pine Plaza Grande Cache AB 103-11030 100th Street Grande Prairie AB 109-110, 10011 92nd St Grande Prairie AB 104 2nd Avenue East Hanna AB 10004 Rainbow Blvd. High Level AB 106 Park Street Hinton AB #002, 4302-50th Street Leduc AB 166 Columbia Blvd West Lethbridge AB 3708-50th Avenue Lloydminster AB 266 4th Street Sw Medicine Hat AB 717 20th Street Ne Medicine Hat AB 83 Carry Drive Medicine Hat AB 8802 100th St. Unit 17 Morinville AB 2-4601 50th Avenue Olds AB 838 Main Street Pincher Creek AB #4800 Hwy 2a Ponoka AB #6, 4502-50th Street Ponoka AB 88 Howarth Street Red Deer AB 69 Dunlop Street Red Deer AB Bay 4, 6842-50th Ave Red Deer AB 3121-49th Ave Red Deer AB 202 Main Street, Sw Slave Lake AB 4325 50th Avenue St Paul AB #100-4300 South Park Drive Stony Plain AB 110-800 Pine Road Strathmore AB 101 Centre Street North Sundre AB 80 Hewlett Park Landing Sylvan Lake AB 5007 47th Avenue Taber AB 5541 60th Street Vegreville AB 4921 50th Street Wetaskiwin AB 3760 56th Street Wetaskiwin AB 4819-50th Avenue White Court AB 5004 Dahl Dr. Whitecourt AB 503 Hwy 16 Burns Lake BC B5-465 Merecroft Rd Campbell River BC 5101 South Access Road Chetwynd BC 2225 Guthrie Road Comox BC 470 Stuart Drive W Unit 7 Fort St James BC 9831-98a Avenue Fort St John BC 575 Old Hope Princeton Way Hope BC 3350 10th Street Houston BC 1800 Tranquille Road Kamloops BC 651 Main Street Lillooet BC 13-600 Mackenzie Blvd Mackenzie BC 2741 Forksdale Ave. Merritt BC 845 Deloume Road Mill Bay BC 1-619 Vernon Street Nelson BC 4-4569 10th Avenue New Hazelton BC 3-192 West Island Highway Parksville BC 460 - 5240 Domano Blvd Prince George BC 1-136 Tapton Avenue Princeton BC 665 Newman Road Quesnel BC 155 Malcolm Drive Quesnel BC 5500 Sunshine Coast Hwy #310 Sechelt BC 6638-6660 Sooke Road Sooke BC 1280 Cedar Avenue Trail BC 5301 - 25th Avenue Vernon BC 2315 Beacon Ave. Victoria BC 9522 Main Street Winfield BC 886 Thornhill Street Morden MB 240 Main Street Selkirk MB 210 King St St Stephens NB 138 Main Street #11 Sussex NB 337 Connell Street Woodstock NB Sq. Mall - Columbus Drive Carbonear NL 76 Manitoba Drive Clarenville NL 16 Murphy Square Corner Brook NL 1 Mt. Bernard Ave Corner Brook NL 42 Queen Street Stephenville NL 3-153 Reserve Street Glace Bay NS 3737 Highway 3 Crowell NS 3290 Hwy 2 Fall River NS 1016 Central Avenue Greenwood NS 31 Weaver Street Pictou NS 47 Paint Street #6 Port Hawkesbury NS #100, 314 Old Airport Rd. South Yellowknife NT 372 Queen St. East Acton ON 35 Sandwich Street South Amherstburg ON 7 Commerce Road Angus ON 3 Arthur Street Arnprior ON 4610 Ontario Street Beamsville ON 2135 Dorchester Road Dorchester ON 316 Talbot St. North Essex ON 220 Main Street North Exeter ON 450 Garrison Road Fort Erie ON 351 Scott Street Fort Frances ON 63 Main Street Grand Bend ON 159 Main Street East Grimsby ON 825 10th Street Hanover ON 120 Thames Street North Ingersoll ON 4-60 Brunetville Road Kapuskasing ON 313 Main Street East Kingsville ON 140 Queen Street Lakefield ON 10 Superior Plaza Marathon ON 9-206497 Highway 26 Meaford ON 1 Pine Drive Parry Sound ON 97 Picton Main Street Picton ON 281 Goodrich Street Port Elgin ON 105 Peter Street Port Hope ON 627 Fortington Street S. Renfrew ON 802 Main Street East Shelburne ON 12 Caradoc Street North Strathroy ON 30 Queen Street South Tilbury ON 3080 Highway 69 North Val Caron ON 29 Mission Rd Wawa ON 505 Granville St Summerside PE 503 La Ronge Avenue La Ronge SK 506-508 Main Street Melfort SK 1200 8th St West Nipawin SK 1591 100 Street North Battleford SK 815 Gray Avenue Saskatoon SK 1112 6th Avenue, Ne Swift Current SK 85 Government Rd. N.W. Weyburn SK