Blockbuster Will Close 500 Stores in the First Half of 2012

Posted Mon Feb 27, 2012 at 09:00 AM PST by Dick Ward

That’s a third of the existing brick-and-mortar locations.

Bad news for folks that love Blockbuster retail locations and, of course, the people that work there – Dish has announced that it will be closing 500 underperforming stores in the first half of this year. Considering that there are only 1,500 stores left, that’s a huge blow.

“We still have a lot of work ahead us in retail stores,” says CEO Joe Clayton, adding that, as they expected, the company was able to run Blockbuster without losing or gaining money – “break-even” as Clayton puts it.

He also says that Blockbuster services like Blockbuster@Home have been instrumental for both the video rental business and for Dish.

Source: Home Media Magazine

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Tags: Rentals, Store Closings, DISH, Blockbuster @Home, Blockbuster (all tags)