Blockbuster to close 300 stores
Dallas – Blockbuster will shutter about 300 of its stores in the United States in the coming weeks. The closures will result in the loss of about 3,000 jobs and leave the chain with some 500 U.S. locations, according to a spokesman for Blockbuster parent company Dish Network Corp.
The closures will affect underperforming stores or those nearing the end of their lease. Specific locations have not yet been announced.
Dish, a satellite pay-TV provider, acquired Blockbuster and about 1,700 stores in a bankruptcy sale in 2011. It closed about 500 Blockbuster stores last year.