Blockbuster may be cutting down on the number of stores it runs and maintains in the UK. The news coincides with a SEC filing by the retailer back in September last year.
The measures (if taken) are mainly targeting renegotiation of rent costs for their stores with the view to agreeing a suitable arrangement for Blockbuster and their landlords, otherwise some of their stores could be seeing closure. The company stated:
The measures (if taken) are mainly targeting renegotiation of rent costs for their stores with the view to agreeing a suitable arrangement for Blockbuster and their landlords, otherwise some of their stores could be seeing closure. The company stated:
“Here in the US we launched a store optimisation plan in September last year, and we announced that we could potentially close 960 stores. That said, we are also deploying 10,000 kiosks, which is like a little Blockbuster store in a box.”It would be sad if Blockbuster had to downsize as it is always nice to see a rental service exist on the high street rather than through the many online options that businesses currently offer.
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