The company partnered with Marco's Pizza in 2012 and added the option for carry-out pizza at a number of their video rental locations. To raise funds, Family Video began selling merchandise online.įamily Video started in 1978 as Video Movie Club in Springfield, Illinois before later rebranding. However, COVID-19 required the chain to close for more than 60 days and hindered new Hollywood movie releases resulting in a loss of profits.įollowing the November store closings, the company launched a #SavetheVideoStore campaign. MORE: Can your employer make you get the COVID-19 vaccine? Legal experts say the answer is yes.ĭerek Dye, senior brand manager at Highland Ventures, said in November that Family Video had not planned to close any stores at the start of 2020. MORE: Touchless auto purchases are here to stay low interest rates mean there are good deals to be had, dealers say ![]() This announcement follows a similar closing for the movie rental chain in November, when Highland Ventures closed half of its stores due to the financial strain brought on by the pandemic. The Marco's Pizza outlets that share space with Family Video are opreated by an affiliated company, Hoogland Foods LLC, and will remain open, as will the other Marco's restaurants operated by the company. All stores, including 40-plus Wisconsin locations, have begun their liquidation sales with an everything-must-go mentality.Ĭustomers can purchase everything from movies and CBD products down to store fixtures. More than 250 stores are set to close following the sale of all remaining inventory. Highland Ventures LTD, the owner of Family Video, announced the closure of the remaining Family Video stores in a press release. This story was updated to clarify that relationship. ![]() The company will continue to operate its Marco's locations after Family Video stores close later this year. ![]() Watch Video: Streetwise: Answering your questions about local businessĮditors note: Highland Ventures owns Family Video an affiliated company, Hoogland Foods LLC, is a Marco's Pizza franchisee.
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