Wednesday, 16 September 2009

Blockbuster Announces Plans To Close Stores



A SEC filing has revealed that UK entertainment rental retailer, Blockbuster is to close between 810-960 stores by the end of 2010. Company spokesperson Randy Hargrove commented:
“Although we may in fact close that many stores, if we can renegotiate leases or remodel stores to make them more profitable, that number might go down.”
Source: SEC

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