Filed under Another Tech Takedown: From Zero Hedge: Movie Gallery’s Chapter 22 just turned into a 7. The WSJ reports that the firm has decided to shutter all of its 2,415 stores and liquidate completely. Previously, the bankrupt movie rental chain had hoped to continue operating with a trimmed down asset base, and close just [...]
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Bankruptcy,
Blockbuster,
Blockbuster Video,
Commercial Real Estate,
CoStar,
CRE,
Movie Gallery,
NNN property,
Retail,
retail property,
single-tenant 4 Comments |
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Blockbuster Video is having a tough year. Shares of the video rental giant have fallen 93% over the last year and their shares are now down to $0.22 / share after taking a 77% beating today in after hours trading after a report was published that Blockbuster is considering a bankruptcy filing. You can read [...]
