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National Entertainment buys most assets of defunct Movie Gallery chain
New York City -- Movie merchandise seller National Entertainment Collectibles said Thursday that it had acquired most of the assets of Movie Gallery, which has been liquidating its Hollywood Video, Movie Gallery and Game Crazy stores.
Movie Gallery, once the nation's second-largest video and game rental chain with 4,000 stores in the United States and Canada, filed for bankruptcy in February. In October, a federal bankruptcy judge in Richmond, Va., approved the auction of its brand names, Internet domain names and customer databases.
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TJX to close A.J. Wright banner, cut 4,400 jobs
Framingham, Mass. -- TJX Cos. said Friday it will close its A.J. Wright discount stores by mid-February, cutting 4,400 jobs. The move comes as the company’s T.J. Maxx and Marshalls chains have become better at attracting the lower-income customers that A.J. Wright targeted.
Ninety-one A.J. Wright stores will be converted into T.J. Maxx, Marshalls or HomeGoods stores, and 71 stores and two DC’s will close entirely. About 3,400 employees will keep their jobs and another 4,400 – half part-time and half full-time – will be cut.