X

Blockbuster To Close Almost 1,000 Stores

sjohnson
51 Comments

Posted September 17, 2009 - By Stephen Johnson

Blockbuster

An SEC filing has revealed the Blockbuster is closing almost a thousand of its stores by the end of 2010. Blockbuster is shuttering all locations that are not profitable, and may even close 275 to 300 additional stores that are subject to the company's "lease mitigation/termination efforts." The company hoped to bump profits from $10 million a year to $60 million.

The future for Blockbuster: Kiosks. The company believes Blockbuster kiosks are the means to profitability: By mid-2010, it hopes to have 10,000 kiosks available to compete with Redbox.

The forces of The Marketplace forcing the yellow and blue behemoth to close the doors of retail outlets is hardly surprising. Netflix is simply a better business model for consumers -- not only is it convenient, Netflix also offers a nearly limitless number of DVDs-- much more than your local Blockbuster could compete with. Of course, Blockbuster's online rental service is, by and large, the same as Netflix's, but Netflix started up more than ten years ago, and Blockbuster is relatively late to the party.

It's strange to me, actually, that Blockbuster has 6,000 or so stores still operating at profit. Who still goes to Blockbuster? Seriously, what's the draw? Terrible selection, having to deal with the employees of Blockbuster, and the inability to rent pornography! What's the draw?

Do you still use Blockbuster? If so, why?

Blockbuster To Close Almost 1,000 Stores
http://www.g4tv.com/thefeed/blog/post/699265/blockbuster-to-close-almost-1000-stores/
http://files.g4tv.com/ImageDb3/176500_S/Blockbuster.jpg
BlogThread_699265

ADVERTISEMENT

Blog Tags

g4tv.com
  • Sara Underwood's Naked Bike Ride

    Posted: June 22, 2011

    1,268,998 Views | 05:20

  • International Sexy Ladies Show: Messy Cat Fight

    Posted: January 27, 2010

    595,773 Views | 00:49

  • Adult Star Kirsten Price Tests Kinect's Nude Filter

    Posted: November 12, 2010

    1,407,152 Views | 04:33

  • Best Nude Scenes in Video Games

    Posted: June 29, 2009

    1,504,760 Views | 03:12

  • International Sexy Ladies Show: Wrestling in Moscow

    Posted: June 19, 2009

    121,997 Views | 01:24

AdChoices