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Movie Gallery To Add 48 More Stores

1 May, 2002 By: Hive News

Movie Gallery will acquire 48 video specialty stores in Arkansas, Oklahoma, Missouri, and Nebraska in two separate transactions, the leader in secondary market video rentals reported today.

The deal brings Movie Gallery's store acquisitions this year to 90, following the acquistion of 42 stores earlier this year, including 20 Virginia stores in late March.

The two acquisitions are expected to close later this month and are subject to satisfactory completion of due diligence and other customary closing conditions.

The 90 stores added this year put the company on the fast track to opening the 125 stores the chain announced in February it would open this year.

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