It lights up on Family Video, the 42-year-old Midwestern chain that has continued even like Blockbuster and Hollywood Video burst in.
The company said Tuesday that more than 250 stores nationwide will have clearance sales, offering movie, video game, CBD and store accessories.
While streaming services and other online rivals have long penetrated their businesses and contributed to the loss of other video chains, the coronavirus proved to be the final cancellation of Family Video.
Along with the need to close its locations, as well as other non-essential retailers, for 60 days from March, the chain was also affected by film production disruptions and pandemic delays.
“Although we have been facing digital competition from Netflix and others for years, nothing has been as devastating to our business as Covid-19“The company said in a press release distributed to several media outlets.
“We are very grateful that we were able to provide entertainment for many family movie nights,” said Keith Hoogland, CEO of Highland Ventures, a Glenview, Illinois-based company that owns Family Video.
Established in 1978, the chain started in 2020 with 510 locations, but had to close by about half by the end of the summer.