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  1. #16

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    Re: Blockbuster to close almost 1,000 stores

    I drive by one every day that is closing. It seems like it's the end of an era.
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  2. #17

    • Pilot EdForceOne
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    Re: Blockbuster to close almost 1,000 stores

    Their business model is antiquated. They only cling onto the customer base that doesn't know how to move forward. But the redbox revolution is pretty much kicking blockbuster square in the face and taking all the 'I just want an impulse rental' market.

    Blockbuster has a 'plan', they are just too slow to have started it.

    Check out this from their financial postings... they have ideas, they just have failed in execution and have relied on the B&M stores way too long.

    http://www.blogcdn.com/www.engadget....map-rm-eng.jpg
    Blockbuster plans to part with 960 retail stores by end of 2010

    I agree with others that the start of the downfall was when they stopped carrying wide selections and focused too much on the 'guaranteed new release' stuff.

    With the branding and relationships, they could have seen redbox and beat them at their own game, but just like netflix, they must have thought it wouldn't work.. and boom.. they were wrong.
    Last edited by penguinsoda; 09-18-2009 at 04:57 PM. Reason: Hotlinked image
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  3. #18

    • Waiting for my E-Ticket
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    Re: Blockbuster to close almost 1,000 stores

    I can't remember the last time I rented a movie. I either go to the theatre (which in itself is rare... if I go more than 2-3 times a year that's a lot) or I just pony up and buy the DVD.

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