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Fate of Area Blockbusters Unclear After Company Announces Plans to Close 300 Stores

The long-time video rental business announced that it will only keep about 500 stores open nationwide and will cut 3,000 jobs.

Blockbuster plans to close about 300 stores nationwide and cut 3,000 jobs, reported CNNMoney.

The video rental business was bought out by Dish network in 2010 after it went bankrupt.

Shorewood's Blockbuster is located at 4108 N. Oakland Ave.

Stores will be closing as leases end and others are closing for underperforming.

In recent years, Blockbuster has been struggling to compete with Redbox, a DVD rental kiosk box, and Netflix, online streaming and mail order rental movies and TV shows.

Blockbuster opened its first location in 1985 in Dallas, Texas.

Alol January 23, 2013 at 03:31 PM
Do you know when the Shorewood location is closing?
CowDung January 23, 2013 at 03:32 PM
Seems like a good example of what can happen to a company that fails to compete with other businesses offering similar product with a far lower labor cost.
The Donny Show January 23, 2013 at 03:44 PM
Blockbuster still has 800 stores? That shocked me. I cannot remember the last time we rented a movie or know anyone that did so.
Adam W. McCoy (Editor) January 23, 2013 at 03:52 PM
That's an if. Blockbuster hasn't announced which stores it will close and which it will keep open, just that it will close 300 of its 800.
Adam W. McCoy (Editor) January 23, 2013 at 04:01 PM
Well, we live just a couple blocks from the Shorewood Blockbuster and are on their "total access" plan, which allows you to rent as many movies/games in the store (one at a time) for $10 a month. We dumped cable years ago and just do the Netflix and Blockbuster thing now.
CowDung January 23, 2013 at 04:10 PM
They do not offer video streaming as part of that, do they Adam?
The Donny Show January 23, 2013 at 04:20 PM
That is a good deal Adam.
Adam W. McCoy (Editor) January 23, 2013 at 04:28 PM
CowDung, I'm not sure. I know they offer streaming video for PC, but haven't tried it out to see if it's attached to that particular plan. I probably should.
Ismael Flores January 23, 2013 at 04:31 PM
I have the blue membership ($15). With that I can watch new and old movies, or any game but only once at a time, and keep it as long as I want. Also, for $5 I have the family membership, which allow me to have a movie that my sons can watch. With each membership I can take out 1 movie (2 totals), but I can return them the same day and keep renting more.. if I want to. If I want to take out more movies in one exhibition, I would pay 1 rent and get another for free.. Hope this help you. I do this because netflix, hulu and more... don't have Spanish language or just a few
CowDung January 23, 2013 at 04:34 PM
Thanks Adam.
Adam W. McCoy (Editor) January 23, 2013 at 04:42 PM
Good to know. Thanks Ismael.
N. Peske January 23, 2013 at 11:10 PM
Brick and mortar retail is struggling. They become places to browse--then customers pull out the smart phones and order, or begin an order that's completed at home on the laptop or desktop. They have to become destination spots--for picking up milk or other items that require a weekly or biweekly trip (Walmart's strategy), or having community gatherings (bookstores--and they're struggling even more now than when the eReader revolution first hit). If it's an item you can order in digital form on your smart phone or tablet, it's a challenge. At least milk has to be purchased in the store.
N. Peske January 23, 2013 at 11:11 PM
We've been using Blockbuster to try out video games--losing our local store wouldn't leave us many options, would it?
CowDung January 24, 2013 at 02:47 PM
" At least milk has to be purchased in the store." Ever hear of Peapod.com?
CowDung January 24, 2013 at 02:48 PM
With our XBox, we usually download the demo versions of video games to try them out before buying...
The Donny Show January 24, 2013 at 04:19 PM
GameFly is the same thing as Netflix. We have not bought a new game in 5 years. The kids play them and then get sick of them and send them back.

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