Blockbuster Closing 300 More Stores Amid Declining Sales

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Dish Network says it plans to close about 300 Blockbuster stores across the country, losing about 3,000 employees, according to the Denver Post.

Blockbuster

Company spokesman John Hall said the closures will leave about 500 Blockbuster locations in the U.S. Blockbuster is owned by Dish Network.

Dish Network last year shuttered about 500 underperforming Blockbuster locations that were underperforming or nearing the end of their leases.

"There have been store closures" in the past, Hall said.

"Really, from the time of acquisition there has been a strategy to evaluate stores on a case-by-case basis in an effort to look at their production."

He says the 3,000 employees were informed about the latest closures on Friday. The store locations have not been announced to the public.

Dish Network bought then-bankrupt Blockbuster in 2011 for $320 million. It plans to move Blockbusters' headquarters from Texas to Colorado.

Dish Network is the No. 2 U.S. satellite-TV service, with some 14 million subscribers, and is looking to become a force in the mobile phone business.

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Yeah,after all the stores closed everyone was told!

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Not all employees were told on Friday....I was just told today( Tuesday) at 6pm that my store is one of the stores being shut down, and it's not because we're nonprofitable, we've been #1 in sales and profit in the midwest region for a year straight. Blockbuster(Dish Network) doesn't care about the stores or employees. They used us to sign up customers for Dish services and now that we've gotten over 65% of our movie renting customers signed up, they don't need us or the stores anymore. Such a shame that they cant even give us something to compensate us for losing our jobs. I've been with Blockbuster for 12 years and haven't even gotten a raise except for when minimum wage was increased my pay increased to match it.....12 years!!!!

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@ Jenn T.

Jenn, I completely understand and totally agree. I am currently the Ops manager for one of the closing locations here in Ohio. Blockbuster (DISH) is NOT closing stores because they aren't profitable. We've always had good numbers and done just fine with sales. I've been watching Dish systematically close these stores for the last 2 years. They close a couple hundred claiming they aren't "profitable", and then swear they're done closing, then a couple of months later they start it all over again. In MY opinion....Dish bought the Blockbuster name because they thought we could push their product in our stores. It was a failed business model from the start. Trying to sell a customer tv service who only wants to rent a film is like trying to sell a BMW to someone at Speedway when they only want to get gas. It's almost impossible! We RENT VIDEOS...and we do a good job of making sure our customers get what they need. We aren't failing at the job we were hired for. But...we don't sell enough of their main product, and so to THEM, we're aren't needed anymore. So...they close our stores, take our jobs, and upset the customers who still depend on us for their entertainment. I don't like the company...and I absolutely HATE how they run things. But...I have very much loved my job, my co-workers, my customers, and the awesome experiences I've had working at my store.

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@ Jenn T.

Hi Jenn,
What type of turnover does the store have.

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