Blockbuster Closing Up to 960 Stores By End of 2010

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

Read more