Another Milestone for Movie Gallery3 Oct, 2003 By: Holly J. Wagner
Movie Gallery's latest acquisition, a four-store chain in North Dakota, gives the third-largest rentailer a presence in every state in the union, the company said today.
“Today's announcement that we now operate Movie Gallery stores in all 50 states complements our news release last week reporting the opening of our 2,000th store. Both of these announcements highlight our company's successful growth over the past decade, from 73 stores at the end of 1993 to more than 2,000 stores today,” said chairman and CEO Joe T. Malugen.
“In achieving these milestones, we have grown into a nationally recognized retailer, and we are the leading video and game retailer strategically focused on small towns and secondary markets. We expect our strategy, financial strength and management expertise to provide significant growth opportunities for Movie Gallery for the foreseeable future,” he said.