It looks as though Game Crazy plans to close 200 of its 680 US locations by the end of October.
According to sources working at the chain, stores attached to Hollywood Video locations will be shut down, although the movie rental end will remain.
“Movie Gallery, Inc. is currently operating in an unprecedented consumer/retail environment,” read an official statement from the company. “In order for us to continue to best serve our millions of customers across North America, we’re addressing underperforming stores and ensuring that there is sufficient [return on investment] associated with each of these stores going forward.
“The vast majority of our stores will be unaffected by these efforts.”
More over on Joystiq.