facebook
twitter
rss
account
search
search
 

Dish to close 300 Blockbuster stores

Jan. 22, 2013 at 1:41 PM   |   Comments

ENGLEWOOD, Colo., Jan. 22 (UPI) -- Dish Network Corp. said it would close 300 out of 800 U.S. Blockbuster stores at the loss of about 3,000 jobs.

The company, "continues to see value the Blockbuster brand, and we continue to analyze the store-level profitability as we have in the past," said Dish spokesman John Hall.

Dish bought video rental giant Blockbuster in 2011 for $320 million, pulling it out of bankruptcy. But it is still losing market share to companies that offer digital downloads, like Netflix, The Denver Post reported Tuesday.

Hall said the stores would close "over a period of time as many leases are ending."

Dish Chief Executive Officer Joe Clayton said recently that Dish was "still evaluating" the option of selling smart phones at Blockbuster outlets.

"Nothing has been done yet. It's still in exploratory phase," Clayton said.

Topics: John Hall
© 2013 United Press International, Inc. All Rights Reserved. Any reproduction, republication, redistribution and/or modification of any UPI content is expressly prohibited without UPI's prior written consent.
Most Popular
1
Boeing announces job relocations, business unit consolidation Boeing announces job relocations, business unit consolidation
2
IS oil smugglers will feel wrath, Kurdish leader says IS oil smugglers will feel wrath, Kurdish leader says
3
Outrage over FERC decision on LNG exports Outrage over FERC decision on LNG exports
4
Thales to research next-gen active radar antenna Thales to research next-gen active radar antenna
5
Thales US supplying ATC aids to Saudi Arabia National Guard Thales US supplying ATC aids to Saudi Arabia National Guard
Trending News
x
Feedback