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.


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.