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Blockbuster Closing 300 More Stores in the U.S.

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Blockbuster Closing 300 More Stores in the U.S.
[ Business]

As media consumption shifts to streaming and downloaded products, retailers of physical entertainment media are being forced to change rapidly or die ignoble deaths.

At the same time that Blockbuster U.K. has entered administration (bankruptcy) and announced 160 of its stores across the U.K. will be closing, Blockbuster in the U.S. is having similar difficulties. Dish Network, the parent company for Blockbuster, announced this week that 300 Blockbuster video rental stores across the U.S. will close up shop in the coming weeks. The company told the Denver Post that around 3,000 employees will lose their jobs.

These new closings are on top of the 500 stores that Dish shut down last year. The company stated that only around 500 Blockbuster stores remain. This is down from the 4,000 U.S. stores the company had at the beginning of 2010, the same year it entered bankruptcy. The specific stores that will be closing have not been unveiled, but consumers who still live around a Blockbuster (and who still want DVDs or Blu-Rays) might want to watch for closeout sales.

A Dish company spokesperson told the Post that the company is currently evaluating Blockbuster stores on a case-by-case basis, and that underperforming stores will be closed. The company is also evaluating whether or not to sell smartphones and wireless service at Blockbuster stores, a sign of the times if there ever was one.

Blockbuster Closing 300 More Stores in the U.S.
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  • Former Democrat

    Thanks Obama.

    • Robert

      Another ignorant comment. Yeah lets blame Obama for progression in technology.

      • Kevin

        Obama likes to blame others for problems he caused. Why shouldn’t he bw blamed for this.

        The only thing ignorant about Obama are those who voted for him.

  • Brendan

    Obama wants to put an end to corporate greed. He wants people back to work and wants employers to take care of them. I have a hard time feeling bad about an exec making 7 figures and complaining about insurance. It’s about greed.

  • http://YahooNews Robert Phillips

    Is there an “Up to Date” list that I can access for My area, Tampa Fl. to see the Blockbuster Store Location Closings ?

    • Laura

      If you’re curious as to what stores are closing, your best bet would be to get the phone numbers of your local BB stores and give them a call. Ask if they’re closing and ask when the the closing sale starts. Prices go lower every 2 weeks or so, with the liquidation sale lasting between 8-10 weeks.

  • Laura

    I am actually an employee at one of these closing stores. I work as the operations manager for a store in Ohio. I can tell you the company is NOT evaluating each store individually and closing only underperforming stores. I have watched them systematically close stores for the last two years. They will close a couple hundred, claim they are done and when the waves die down, they start closing more. They sent out communication saying they were DONE closing stores, and then a month or so later, tell us 300 are closing. After this round, they will close a few more…little by little. If there is a Blockbuster store standing in 2015 I’ll be VERY shocked. DISH wants their product sold in each store…FIRST, you’re to try and push their tv service on customers that do NOT want it. Secondary is everything else. It’s a business model that was destined for failure. Trying to sell someone DISH service in a video store is like trying to sell a BMW to someone coming into Speedway to pay for gas. NOT HAPPENING.

  • Serge

    They are closing their last Manhattan store that is located on Broadway and 93rd street. You would think they would at least keep 1 open but what is the point. For the last few months only a few new titles came in to rent and we should have seen this coming. They cant blame the closing on sales because they never have anything. Now they want to get us to rent online when you have to wait months for a new title? Forget about that!

  • http://www.wedgeim.ca Wedge Internet Marketing

    who cares? i would not go anywhere to rent a movie anyhow

  • http://www.liquidationscenter.com/ Jimi

    Well, there will must be closing down sales, and if your local Blockbuster is affected you’ll be notified so you can return outstanding rental items, apparently.