The Tech Herald

CES: Dish to close even more Blockbuster outlets

by Steven Mostyn - Jan 13 2012, 16:55

Image: The Consumerist/Flickr.

In yet more evidence that Blockbuster’s days appear to be distinctly numbered, parent company Dish has announced plans to close even more walk-in stores than it previously forecast.

Dish purchased Blockbuster in July of 2011 for some $320 million USD and promptly said it would shutter around 10 percent of its bricks-and-mortar outlets in an attempt to restructure the struggling video chain.

Although that move was expected to leave around 1,500 stores and 15,000 employees untouched, Dish’s scrutiny of Blockbuster’s books shows that solution is clearly no longer viable.

“We are committed to keeping the profitable stores open that generating positive cash flow, but there are ones that aren’t going to make it,” said Dish Network chief Joe Clayton executive during a Reuters interview at the Consumer Electronics Show.

“We will close unprofitable stores. We will close additional stores,” he added, before also suggesting certain stores will be converted into Dish customer service outlets.

An official Dish spokesperson later said that all Blockbuster store closures are to be decided on a “case by case” basis.

Dish has not yet provided exact figures with regard to how many more stores and jobs will be culled, or where on the Blockbuster map those outlets are.

Around the Web

Comment on this Story

comments powered by Disqus

From Autosaur.com

NBA All-Star LeBron James Teams with Kia

NBA All-Star LeBron James has signed a deal with Kia to be the company’s first luxury ambass...

Classic Car Buying Guide: Hillman Super Minx

What to look for when buying a Classic Car: We use The Hillman Super Minx as an example What...

A Guy Let His Wife Loose With A Sharpie On His Car. What She Did Will Blow Your Mind.

This guy let his wife loose with a sharpie on his Nissan Skyline R33 GTR — and the result is...

2015 Nissan Armada Prices

Nissan has released pricing details for the 2015 Nissan Armada in the US. The 2015 Nissan Ar...

Aquaplaning Danger Highlighted in Video

This UK video highlights the dangers of aquaplaning. When you drive your car over some sitti...