Blockbuster closing off 295 and San Jose

[Sportmotor]

Another bites the dust.
The one across from Walmart next to Radio Shack is closing.


The discounts will get progressively better until everything is sold. The last one, I was there for a random guy buying the safe out of the store.

So...yea go get some good deals till its gone if ya want em.

[copperfiend]

Is it easier to list the Blockbuster stores that aren't closing?

[Sportmotor]

The one by me in St Johns isnt ^_^

[Lunican]

Blockbuster is dead.

Blockbuster posts 4Q loss of $435M as woes deepen
Associated Press, 02.24.10, 07:18 PM EST

DALLAS -- Blockbuster Inc. suffered a fourth-quarter loss of $435 million as its video rental stores struggled to attract consumers who are increasingly getting their movies through the mail, vending machines and high-speed Internet connections.

The setback announced Wednesday reflected a dismal holiday season, usually one of Blockbuster's busiest times of the year.

http://www.forbes.com/feeds/ap/2010/02/24/business-business-and-professional-services-us-earns-blockbuster_7385060.html?boxes=Homepagebusinessnews

Stock:

http://www.google.com/finance?chdnp=1&chdd=1&chds=1&chdv=1&chvs=maximized&chdeh=0&chdet=1268769600000&chddm=1058436.9999999998&chls=IntervalBasedLine&q=NYSE:BBI&ntsp=0

[Overstreet]

......Another bites the dust. The one across from Walmart next to Radio Shack is closing.........

It had been downsizing for years. At one time it also filled the Radio Shack space.

[Dapperdan]

Blockbuster chose to not change with the times. They let Red Box beat them with kiosks andthey let Netflix beat them with mail order movies. They obvioulsy were not investing in the future. They could have come out with a kiosk first and could have offered movies by mail, but they chose to stay the same, charging exorbant fees for movies. Their only hope is to sell all their stores and focus on ther kiosk and Streaming business.

[Sportmotor]

I still enjoy getting a game and getting it NAOW and renting it rather then waiting for mail (gamefly) or buying a game and finding it horrible.

Plus I oh so love the movie posters and hard posters they have for sale, its like Christmas everytime I go there and get to see what they got.


I'll be sad if they close the one by my house, its to conveant most times.

[Lunican]

Well, I called this one...

Blockbuster says it may file for bankruptcy; shares plunge

SAN FRANCISCO (MarketWatch) -- Blockbuster Inc. shares plunged further into penny-stock territory Wednesday after the struggling home-video-rental company said in a regulatory filing that it will likely file for bankruptcy if it's unable to address its debt load.

Shares of Blockbuster (BBI 0.28, -0.12, -29.18%)  fell 12 cents, or 29%, to 28 cents a share. The company's market capitalization now totals about $34 million, or just a fraction of its fourth-quarter revenue of $1 billion. The company reported an operating loss of $394 million in the period.

http://www.marketwatch.com/story/blockbuster-may-file-for-bankruptcy-2010-03-16?dist=countdown

[Timkin]

Not shocking at all .. Blockbuster and Radio Shack are on the top 10 list of companies in trouble, and that we may see go bye-bye within the year.. Its too bad..but again a sign of economic times, and Blockbuster letting Redbox leave them in the dust.

[fieldafm]

Radio Shack has a lot of cash.  They certainly need to ween themselves off of wireless sales(their residual income off wireless sales has decreased over the years) and find a more profitable category to take over more of their sales mix... but the two companies are apples to oranges as far as financially stability is concerned(interestingly enough, The Shack and BB had a pilot program in Arizona about 10 years ago).

Blockbuster has been living on borrowed time for awhile.

Also, interesting to note(since this is MetroJACKSONVILLE)... Jacksonville was one of the two test markets when Radio Shack introduced their new store layout format.  Jax is actually a test market for quite a few retail/restaurant companies b/c of our large population and relative isolation from other large cities in our region.

[Timkin]

I was trying to link this story from the source... Yahoonews..  Also in that story it lists KIA and Reader's Digest (at least in the US) as going  away by 2011 , If I correctly read the story.

[reednavy]

KIA going away, yet they built a new plant in West Point, GA just a few years back. Yeah, not that believing that one.

[Jaxson]

Let's not forget the availability of DVDs for check out at public libraries.  In Jacksonville, they are free (as long as they are returned within seven days)...

[KenFSU]

Let's not forget the availability of DVDs for check out at public libraries.  In Jacksonville, they are free (as long as they are returned within seven days)...

Let's also not forget that I can press one button on my cable remote and order a new release movie for less than what it costs me to drive to Blockbuster, rent the disc, watch it, and return it the next day.

I really like my local Blockbuster store (Hodges and JTB), and I feel really badly for the tens of thousands of Blockbuster employees living on borrowed time, but I have a hard time feeling too badly for a company that almost single-handedly killed the Mom and Pop video store over the last 20 years.

[Timkin]

It truly is a dog-eat-dog world.