Andre Yoskowitz
10 Oct 2009 13:48
The struggling video rental chain Movie Gallery is apparently falling behind on its rent, reports VideoBusiness, with the company recently setting up a "real estate hotline" for landlords of its brick and mortar stores.
The number, 877-572-3148, was set up as a hotline for landlords, and Movie Gallery promises 48-hour response to all inquiries.
One landlord speaking to the source says the chain is already 20 days late in paying rent.
Movie Gallery filed for Chapter 11 bankruptcy in 2007 but emerged in late 2008.
The chain recently announced it would be closing over 200 Game Crazy stores this month, citing six straight months of declining sales.