Six Sacramento-area Hollywood Video stores have begun going-out-of-business sales, preparing to close their doors as part of the movie chain's Chapter 11 bankruptcy filing, announced Tuesday.

A seventh store is closing in Vacaville, the firm said.

Eight stores from Woodland to Lodi will remain open, along with one in Vacaville, according to the movie rental company.

New York-based Movie Gallery, owner of the rental chain, said Tuesday it will close 805 U.S. stores, about a third of its total. That comes after closing 2,400 stores in the past three years as more people watch videos online or turn to $1 nightly rentals at grocery stores' Redbox kiosks.

The company reported that it suffered "significant losses" in 2009. Revenue fell $546.3 million from the previous year, to $1.4 billion.

Area closings involve three stores in Sacramento and one each in Carmichael, Fair Oaks, Elk Grove and Vacaville.

A full geographical list of closings is available at www.hollywoodvideo.com/ storelocator.aspx.

Citing improved results in its core aerospace business, GenCorp Inc. reported stronger profits and sales Wednesday.

The Rancho Cordova parent company of Aerojet said it earned $15 million, or 24 cents a share, in the fourth quarter.

That compared with a loss of $5.7 million during the fourth quarter of 2008, when GenCorp swallowed one-time charges related to the decision to freeze its pension plan. The per-share loss came to 10 cents.

Revenue jumped to $240.1 million in the fourth quarter of 2009 from $198.5 million the previous year, the result of growth in Aerojet's Standard Missile and Orion space-vehicle programs.

All but a sliver of the revenue came from aerospace, showing once again that Aerojet's operations are the main driver at GenCorp even as the company tries to become a real estate developer. A former aerospace executive from Northrop Grumman, Scott Seymour, was named president and chief executive of GenCorp last month.

For years, GenCorp has been working on a plan to convert thousands of idle company-owned acres along Highway 50 into residential and commercial developments. The idea has been slowed by the recession, but the company last month formed a new corporation, Easton Development Co. LLC, to move ahead with its development program.

GenCorp stock closed at $5.81, up 10 cents, on the New York Stock Exchange.

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