Sponsored by Oregon Business

Dish to close 300 more Blockbuster stores

| Print |  Email
Tuesday, January 22, 2013

PC Magazine: Brick-and-mortar Blockbuster retail stores have been disappearing for more than a decade now, but get ready to say goodbye to a few more. Dish Network this week announced that it will shutter another 300 locations.

Dish is expecting to close about 300 Blockbusters in the coming weeks, a company spokesman said, leaving 3,000 employees without a job.

The closures will affect underperforming stores or those nearing the end of their lease, though specific locations have not yet been announced. Only 500 U.S. Blockbuster stores will remain, 26 of which are near Dish's Colorado headquarters.

Dish hasn't given up on the once-popular video rental chain just yet, saying that "we continue to see value in the Blockbuster brand," which it acquired out of bankruptcy for $320 million in 2011. At the time, Blockbuster boasted 1,700 physical stores and a streaming service.

"While Blockbuster's business faces significant challenges, we look forward to working with its employees to re-establish Blockbuster's brand as a leader in video entertainment," Tom Cullen, executive vice president of sales, marketing, and programming for Dish, said in an April statement following the acquisition announcement.

 

Read more.

 

More Articles

Bike Chic: 7 stylish options for cyclists

April 2015
Thursday, March 26, 2015

Cycling to work is all the rage. But not everyone wants to arrive at the office messy, sweaty — and unfashionable.


Read more...

Banking Perspective

April 2015
Thursday, March 26, 2015
BY KIM MOORE

A conversation with Craig Wanichek, president and CEO of Summit Bank.


Read more...

10 quotes explaining crisis at Port of Portland

The Latest
Friday, February 20, 2015
022015 port portland OBM-thumbBY JACOB PALMER | OB DIGITAL NEWS EDITOR

The ongoing labor disputes at the Port of Portland came to a head two weeks ago when Hanjin, the container port's largest client, notified its customers it would be ending its direct route to Oregon.


Read more...

Grassroots movement pursues carbon bills

News
Tuesday, February 24, 2015
eventthumbBY KIM MOORE | OB RESEARCH EDITOR

A partnership of a grassroots environmental organization and a youth group is striving to build community and business support for carbon price legislation.


Read more...

Green Rush: Cashing in on legal marijuana

March 2015
Friday, February 20, 2015
BY COURTNEY SHERWOOD | OB CONTRIBUTOR

Marijuana is big business in Oregon, and it’s about to get bigger.


Read more...

Emperor of the Sea

April 2015
Friday, March 27, 2015
BY COURTNEY SHERWOOD | Photos by Jason E. Kaplan

Pacific Seafood, one of the world’s largest processors, is rebranding as a more transparent and consumer-friendly operation. A controversial CEO and monopoly accusations from coastal fishermen complicate the tale.


Read more...

Cache and Curry

March 2015
Monday, February 23, 2015
BY JACOB PALMER | OB DIGITAL NEWS EDITOR

Power Lunch at Swagat in Hillsboro.


Read more...
Oregon Business magazinetitle-sponsored-links-02
SPONSORED LINKS