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Blockbuster to close about 300 stores


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Showing 1-25 of 55 posts in this discussion
Initial post: Jan 22, 2013 10:02:14 AM PST
http://money.cnn.com/2013/01/22/news/companies/blockbuster-job-cuts/index.html

Video rental business Blockbuster plans to close hundreds of stores in the coming weeks and expects to shed thousands of jobs, the company said Tuesday.

Blockbuster, which was bought by Dish Network (DISH, Fortune 500) in 2010 after going bankrupt, plans to close about 300 stores and cut about 3,000 jobs, said Dish spokesman John Hall.

The company will continue to operate about 500 stores in the United States, said Hall, who did not identify the locations of the stores slated for closure. He said some stores are being closed as their leases end, while others are being closed for under-performing.

"We continue to see value in the Blockbuster brand and we will continue to analyze store level profitability and -- as we have in the past -- close unprofitable stores," said Hall, in an email to CNNMoney.

Blockbuster has struggled in recent years to compete with Redbox, a DVD rental and digital streaming service provided by Coinstar (CSTR), and Netflix (NFLX), which offers movies and TV shows for digital streaming in addition to its mail order DVD rentals.

Blockbuster has attempted to counter these ventures with on demand digital streaming services, "Total Access" mail order plans, and Blockbuster Express kiosks. To top of page

Posted on Jan 22, 2013 10:03:16 AM PST
/jack'ssurprise

Posted on Jan 22, 2013 10:03:59 AM PST
Kin-foot says:
Blockbuster is still a thing?

Posted on Jan 22, 2013 10:03:59 AM PST
That Emu Kid says:
If they close down my local one, I'll finally have to switch to Netflix. And I will be very, very emu about it.

Posted on Jan 22, 2013 10:04:10 AM PST
Ice King says:
I'm more surprised that Blockbuster still had 300 stores left.

Posted on Jan 22, 2013 10:04:12 AM PST
I haven't been inside a blockbuster in about 15 years.

Posted on Jan 22, 2013 10:04:44 AM PST
klopas says:
hopefully they won't notice all my late fees

In reply to an earlier post on Jan 22, 2013 10:05:22 AM PST
I used to rent Super Nintendo games there :)

Good times.

In reply to an earlier post on Jan 22, 2013 10:06:10 AM PST
That Emu Kid says:
I hate all of you. I'm gonna go cry in the corner now.

In reply to an earlier post on Jan 22, 2013 10:06:29 AM PST
JJ4prez says:
They will send you a notification in the mail, simply write back (before the date indicated) and say you returned them and stop mailing me.

Posted on Jan 22, 2013 10:09:48 AM PST
GarionOrb says:
Every Blockbuster I've seen is now entirely run down and in total shambles. They simply cannot compete with the selection that Netflix or Amazon Instant Video have.

Posted on Jan 22, 2013 10:11:11 AM PST
Last edited by the author on Jan 22, 2013 10:11:32 AM PST
Ice King says:
Remember when Blockbuster, and pretty much all video rental stores in general would be packed on Friday and Saturday nights? If you wanted to get a new release you had to either get there early or just hang around near the returns and hope someone returned it early.

Things are so much better today, I haven't had to wait to watch a movie or play a game in years, but I'll never forget that awesome feeling of finding the movie or game you wanted to rent on one of those busy days.

Posted on Jan 22, 2013 10:12:28 AM PST
FOGE says:
Bob Saget: Kids, have I told you the story about the girl I met at a Blockbuster?

Kids: Whats a Blockbuster?

Bob Saget: Its Netflix in its physical form. See, we used to have to actually put pants on, and walk or drive somewhere to rent movies.

Posted on Jan 22, 2013 10:12:55 AM PST
JJ4prez says:
Fine by me, I Netflix anyway and never rent games.

In reply to an earlier post on Jan 22, 2013 10:15:08 AM PST
That Emu Kid says:
There's one right down the road from my house that's just fine.

In reply to an earlier post on Jan 22, 2013 10:16:33 AM PST
GarionOrb says:
Haha, yes, I remember that! I once spent over 2 hours waiting at Blockbuster for a copy of True Lies. After about the first hour, some b*tch grabbed a copy that an employee was carrying in and dropped by accident. I politely told her I was here first, and she gave me a look and said, "well I helped her pick it up off the floor!"

In reply to an earlier post on Jan 22, 2013 10:16:48 AM PST
FOGE says:
How are you communicating with the future?

In reply to an earlier post on Jan 22, 2013 10:18:32 AM PST
Frankenzubaz says:
I've never heard that slang for vagina before.

In reply to an earlier post on Jan 22, 2013 10:19:22 AM PST
FOGE says:
I know its early, but post of the day?

In reply to an earlier post on Jan 22, 2013 10:21:34 AM PST
JJ4prez says:
Dang, you so got Mogwai.

Posted on Jan 22, 2013 10:22:06 AM PST
weird. I just watched the South Park episode on this last night.

Sad to see stores on it's way out to be honest. It's actually really hard to imagine that kids growing up these days have never been inside of one or knew they ever existed. I have many fond memories strolling through one of the best Hollywood Videos Cult and Horror Sections which is now an experience I have to cherish!

In reply to an earlier post on Jan 22, 2013 10:24:56 AM PST
Ice King says:
Yeah, waiting at that return desk could get ugly.

In reply to an earlier post on Jan 22, 2013 10:32:58 AM PST
Frankenzubaz says:
Does it make me a blockbuster if I get all misty in the eyeballs from internet approval?

Posted on Jan 22, 2013 10:34:25 AM PST
thought they were doing this years ago

Posted on Jan 22, 2013 10:51:58 AM PST
what's blockbuster?
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This discussion

Discussion in:  Video Games forum
Participants:  28
Total posts:  55
Initial post:  Jan 22, 2013
Latest post:  Jan 24, 2013

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