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Blockbuster Closing 282 Stores

Blockbuster Inc. plans to close 282 stores in the U.S. this year to improve operating margins and expand domestic share, according to a Securities and Exchange Commission filing Thursday

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Maddens Raiders3593d ago (Edited 3593d ago )

BB was really silly to ignore the online advances of NFlix.

The Total Access plan will help but honestly, 280 +/- store closings compared to the nearly 5,400 stores in operation in N.A. is little more than a blip on the radar to this corporate hog.

cuco333593d ago

being that the ones that are open probably downsized in manpower as well

i don't mind the store but it isn't what it used to be. i used to LOVE going to it years ago but now... there are so many means to rent a game or movie i see no point, especially with their late fees which cost as much as a rental sometimes

btw, for the BD vs HD DVD camp that shouldn't be on n4g, here's one for ya... if BB was the end all be all and reason why HD DVD were dead, then why downsize if they are doing so great? doesn't make sense now does it

toughNAME3593d ago

wow...the timing...thats ironic

ENNO3593d ago

lol blockbuster is sinking and it can take Blu-ray with it

Marceles3593d ago

It's probably closing the HD DVD stores :P

ITR3593d ago (Edited 3593d ago )

Actually BB has been closing stores in the SE due to crazy competition between it and MG(Movie Gallery new owners of Hollywood Video).
Hell MG will take any BB coupon. BB closed two big stores last yr.
We have one small one left but they plan on closing soon too.

BB will not be missed here since everyone goes to MG.
edu discounts and gov discounts keep me at MG..well the porn helps too.

If you disagree please state why?

MG/HV have over 4,700 stores. MG added 200 stores in 06'. Not sure how many they added this yr.

the_round_peg3593d ago (Edited 3593d ago )

that's killing Blockbuster.

I haven't rented anything from Blockbuster ever since I started renting from Netflix, Gamefly and then other online stores a few years ago.

Diselage3593d ago

While online has been hurting BB the most probably i know what IRT is saying, around here BB loses a lot of business to Movie Gallery and Mr. Movies because of the promotions they run.

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