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Fate of Area Blockbusters Unclear After Company Announces Plans to Close 300 Stores

The long-time video rental business announced that it will only keep about 500 stores open nationwide and will cut 3,000 jobs.

Blockbuster plans to close about 300 stores nationwide and cut 3,000 jobs, reported CNNMoney.

The video rental business was bought out by Dish network in 2010 after it went bankrupt.

Shorewood's Blockbuster is located at 4108 N. Oakland Ave.

Stores will be closing as leases end and others are closing for underperforming.

In recent years, Blockbuster has been struggling to compete with Redbox, a DVD rental kiosk box, and Netflix, online streaming and mail order rental movies and TV shows.

Blockbuster opened its first location in 1985 in Dallas, Texas.

N. Peske January 23, 2013 at 11:10 PM
Brick and mortar retail is struggling. They become places to browse--then customers pull out the smart phones and order, or begin an order that's completed at home on the laptop or desktop. They have to become destination spots--for picking up milk or other items that require a weekly or biweekly trip (Walmart's strategy), or having community gatherings (bookstores--and they're struggling even more now than when the eReader revolution first hit). If it's an item you can order in digital form on your smart phone or tablet, it's a challenge. At least milk has to be purchased in the store.
N. Peske January 23, 2013 at 11:11 PM
We've been using Blockbuster to try out video games--losing our local store wouldn't leave us many options, would it?
CowDung January 24, 2013 at 02:47 PM
" At least milk has to be purchased in the store." Ever hear of Peapod.com?
CowDung January 24, 2013 at 02:48 PM
With our XBox, we usually download the demo versions of video games to try them out before buying...
The Donny Show January 24, 2013 at 04:19 PM
GameFly is the same thing as Netflix. We have not bought a new game in 5 years. The kids play them and then get sick of them and send them back.

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