Family Video to close all stores marking the ‘end of an era’
TYLER, Texas (KLTV) - Family Video, a grassroots video rental chain that stayed in business for 10 years after corporate competitors like Blockbuster died, has announced it will close all its locations.
The announcement came via a letter from Keith Hoogland, CEO of Family Video parent company Highland Ventures, LTD. Family Video currently has locations in Sulphur Springs, Gun Barrel City and Gladewater.
“We have enjoyed being part of our employees’ and customers’ lives and communities for the last 42 years. As I look back, there are so many great memories and accomplishments. What began as a handful of 500 square foot video rental locations, grew to 800 locations with 7,000 square feet of video rental and retail,” Hoogland said in the letter.
Hoogland said the effects of the current pandemic is what led to the decision to shutter the stores.
“The impact of COVID-19, not only in foot traffic but also in the lack of movie releases, pushed us to the end of an era,” Hoogland said. “I am extremely thankful to our employees and customers that were instrumental in Family Video’s success. Without you, we would not have been the last man standing in our industry.”
A Q&A section adjacent to the announcement also noted that every item inside the stores will be for sale, from the movies on shelves to the gumball machines. Stores will then officially close once all items have been sold.
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