Hundreds of Blockbuster Stores to Be Shuttered by Dish

Feb 24, 2012  •  Post A Comment

Hundreds of Blockbuster video stores will be closed by Dish Network, as it seeks to eliminate underperforming retail locations or those that have inflexible landlords, reports B&C.

The company reportedly plans to close 500 stores.

"Our goal is to reach a steady state store count, so that we can leverage with our current pay TV business and our future wireless enterprise, similar to the way we incorporated Blockbuster homes, by mail and streaming services, into our pay TV business," Dish Chief Executive Joe Clayton said.

The closures would mark the second round of closings for Blockbuster stores since Dish bought the company. In July, Dish shut down about 200 locations, the story notes. The video-rental chain currently has 1,500 retail stores in the U.S.

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