Blockbuster is Closing 300 Stores in the US

Posted Tue Jan 22, 2013 at 11:00 AM PST by Dick Ward

It's been bad news after bad news on the Blockbuster front – this time in the States.

Following right on the heels of 129 stores being closed in the UK, Blockbuster will be closing doors in the US. 300 stores of the existing 850 will be shut down, leaving the company with around 550. The closing will also mean the elimination of around 3,000 employees who were all informed of the shutdowns late last week.

At this point, things aren't looking good for Blockbuster. Dish sees the stores as a potential benefit if the company's ends up expanding into the mobile broadband market, but the days of disc rentals from Blockbuster are all but over. When one of the biggest problems facing your chain is convenience, shutting more stores isn't going to improve things.

Source: Home Media Magazine

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Tags: Bankruptcy, Blockbuster (all tags)