About now, Dish may be wondering if its acquisition of Blockbuster last year was a good idea. The beleaguered rental chain posted a loss of $13.3 million for the second quarter of the year, compared with an income of $10.4 million during the same period in 2011.
BB’s parent company Dish Network said the following in a fiscal filing:
“We continue to evaluate the impact of certain factors, including, among other things, competitive pressures, the scale of our Blockbuster retail operations and other issues impacting the store-level financial performance of our Blockbuster retail stores . . . These factors, or other reasons, could lead us to close additional Blockbuster retail stores.”
With Blockbuster down to about 900 stores in the U.S., how many more do you think it can close and still have a viable physical footprint? Is Blockbuster going to be able to turn things around?
[via Home Media Magazine]