Rental | 9:25 February 04, 2010 | Print this story

Movie Gallery closes more stores, files bankruptcy again

US video rental chain Movie Gallery has filed for bankruptcy protection for the second time since 2007 and plans to close 800 of its remaining 2,600 Movie Gallery and Hollywood Video stores.

In a filing, the firm said that more than 50% of its outlets had been operating at a loss and it would continue to monitor conditions at its remaining stores with more closures possible.