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

Downtime with the executive director of Greater Portland Inc.

April 2015
Thursday, March 26, 2015

Janet LaBar, Executive director, Greater Portland Inc.


Read more...

How Oregon will survive the loss of Hanjin

March 2015
Friday, February 20, 2015
BY JOE CORTRIGHT | OB CONTRIBUTOR

"Shipping containers to Portland is like waiting for a bus that travels once a day."


Read more...

Epitaph for a Boondoggle

April 2015
Friday, March 27, 2015
BY JOE CORTRIGHT

The CRC is a cautionary tale about how we plan for, finance and invest in transportation infrastructure.


Read more...

How a Utah-based essential oils company cornered the Oregon market

March 2015
Friday, February 20, 2015
BY AMY MILSHTEIN | OB CONTRIBUTOR

Multilevel marketing, health claims and zyto scanner biofeedback machines: How dōTERRA thrives in Oregon. 


Read more...

5 questions for inDinero CEO Jessica Mah

The Latest
Tuesday, March 31, 2015
jessicathumbBY JACOB PALMER | DIGITAL NEWS EDITOR

inDinero, a business that manages back-office accounting for startups and smaller companies, recently announced it would relocate its headquarters from San Francisco to Portland. We talked to CEO Jessica Mah about what drew her to Portland and how she plans to disrupt the traditional CPA model.


Read more...

Footloose

April 2015
Friday, March 27, 2015
BY LINDA BAKER

Founded 12 years ago, Keen Inc. likes to push the envelope, starting with the debut of the “Newport” closed toe sandal in 2003. Since then, the company has opened a factory on Swan Island and a sleek new headquarters in the Pearl District. The brand’s newest offering, UNEEK, is a sandal made from two woven cords and not much more.


Read more...

Downtime with the president of NAI Norris, Beggs & Simpson

March 2015
Monday, February 23, 2015
BY JESSICA RIDGWAY | OB CONTRIBUTOR

Live, Work, Play: Catching up with Chris Johnson.


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