Blockbuster Closing 164 More Stores - News

by William D'Angelo , posted on 13 February 2013 / 4,697 Views

Blockbuster Administrators Deloitte has announced that it will be closing another 164 stores. This brings the total number of store closures to 324. This leaves about 200 stores remaining open. The Administrators are hoping to find a buyer for the remaining stores.

"We have continued to review the performance of individual stores since our appointment a month ago and have concluded that further closures are necessary in order to restructure the Company for sale," said Joint Administrator Lee Manning.

"We would like to thank the company’s employees for their support and professionalism during this difficult time and we are also grateful for the continued support of customers," added Manning. "We are in discussions with a number of parties interested in purchasing all or parts of the business and will update on progress in due course."


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3 Comments

archer9234
archer9234 (on 13 February 2013)

Why are they even open still. Just shut down already. Nothing will bring back in store renting...

  • +1
mizzou_guy
mizzou_guy (on 13 February 2013)

Honestly, I prefer in-store renting. You have a ton more choices to go through than a Red Box, plus the quality is superior to streaming.

  • 0
Ganoncrotch
Ganoncrotch (on 13 February 2013)

maybe if the internet closed down it could come back! umm....

  • 0
sethnintendo
sethnintendo (on 13 February 2013)

Sucks to be laid off but hopefully the former employees will find a better job.

  • +1
Ganoncrotch
Ganoncrotch (on 13 February 2013)

aye maybe TPB is recruiting since it put them out of work :D

  • 0
regin2005
regin2005 (on 13 February 2013)

Why the hell are people still renting stuff from movie stores anyways nowadays. With all the tech that's out now, Blockbuster and others should have completely closed YEARS ago.

  • 0