About now, Dish may be wondering if its acquisition of Blockbuster last year was a good idea.
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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.
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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]
They had two stores near me. One about a mile from me.They closed that store. The other store was about 7 miles from me. They just closed that store. When they did that. I droped them. No stores near me at all now.
I did like that I was getting 16 DVDs a month for $16.50. Not a bad deal.
But the only store near me now is about 20 miles from me. No thanks.
Sorry Block Buster you are just running people off. And are going to sink.
I’m amazed they still exist.
For many years, the poor customer service at Blockbuster stores and their confusing, changing policies (late fees, due back times that didn’t actually have 24 hours in each full rental day) along with erroneous late fees, high rental prices, etc.) slowly but surely lost existing customers, without enough new customers signing on. Now both stores in my city are closed. Good riddance! Didn’t take a brain surgeon to predict that, and if they don’t figure out this is why customers defect, the entire co. is at risk.
For the thousands of former employees that management treated like scum…
Good riddance … we all hope you the worst …… Sorry for those now working
and their families. Management gets what it deserves. Dust to dust……..