Not content to let its British cousin have a monopoly on all the bad news lately, U.S.-based Blockbuster LLC will be closing 300 more stores over the next several weeks. The closures will reduce BB’s U.S. footprint by 35 percent, leaving the Dish-owned chain with about 500 stores.
More than 3,000 employees will be affected by the store closures.
Dish spokesman John Hall said the following about his company’s ongoing evaluation of the Blockbuster brand:
“[Dish] continues to see value in the Blockbuster brand, and we continue to analyze the store-level profitability as we have in the past”From the time of acquisition there has been a strategy to evaluate stores on a case-by-case basis in an effort to look at their production.”
Is Dish regretting its purchase of an ailing Blockbuster in 2011, or are these additional closures a tough but necessary part of Dish’s turnaround plans for BB?
[via Variety]
I have Block Buster Two at a time out.. There is a Store about 10 miles from me.. But I have only been to it two times. I just use the mail, no big deal.
With my Two out at a time for the OLd TV shows ect.. And Netflix Online . I am doing fine.. I did get a free one month deal to the new RedBox Online..
But I will drop it when the free B is up..
And keep Block Buster two out at a time and my NetFlix online. I can hit the RedBox if I need to.. And even get Hulu…
Doing great!
I didn’t know there were 300 stores still open, much less 800.
The nearest store still opened is just over an hour drive away from me, so I could care less if they close it or not. I never rented from Blockbuster but I used to buy quite a few previously viewed DVDs from them occasionally. I’m pretty content with my massive movie collection and the free rentals from Redbox once a month.
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Stay off the weed and don’t go touching anyone!
Does anybody know what stores are closing?
I have a BB 2 miles away!
I am in the same boat, I love my by-mail service, because BB carries a lot of TV series that neither netflix or redbox carry. I do like getting the free in-store exchanges, but the closest store to me is 18 miles round trip, and that’s a lot of gas at today’s prices. If they close my store down, I will just stick to the mail service.
As for the the list of stores closing, there is no published list (yet) however if you call your store and ask for the manager they will be able to tell you if your store is affected.