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It’s off at Family Video, the 42-year-old Midwestern channel that continued even as a Blockbuster and Hollywood Video went bankrupt.
The company said on Tuesday that its more than 250 stores nationwide will be holding clearance sales, featuring deals on movies, video games, CBD products and store accessories.
While streaming services and other online rivals have long hampered its business and contributed to the demise of other video channels, it was the coronavirus that turned out to be the final destruction of Family Video.
In addition to having to shut down its sites, like other non-essential retailers, for 60 days from March, the chain has also been hit by film production disruptions and release delays due to the pandemic.
“Although we have faced digital competition from Netflix and others for years, nothing has been more devastating to our business than Covid-19The company said in a press release distributed to several media.
“We are so grateful that we were able to provide entertainment for many family movie nights,” Keith Hoogland, CEO of Highland Ventures, the Glenview, Ill., Based company that owns Family Video, said in a statement.
Founded in 1978, the chain started in 2020 with 510 locations, but had to close about half by the end of summer.
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