Blockbuster Closing Up to 960 Stores By End of 2010
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CityBiz real estate makes a great catch in an 8K filing by Blockbuster Inc. on Sept. 15. The company is planning on closing a boatload of stores between now and the end of 2010.
Here are the grisly details:
2009 Normal Closures 280-300
2009 Accelerated Closures 300-385
2010 Normal Closures 100-125
2010 Accelerated Closures 130-150
Stores w/additional lease mitigation/termination efforts 275-300
Stores that may be converted to outlets 250-300
Total store closures and other actions 1,335-1,560
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© 2012 Penton Media Inc.
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