Wednesday, September 16, 2009

Blockbuster Busted



Remember these? Well, pretty soon they will be a thing of the past or (as The Onion foretold) they will be kept around as time capsules of a bygone era.

At first Blockbuster thought they'd only have to close around 400 stores by the end of next year but now they realize it's going to be closer to 1000.

Have they never heard of Netflix? The USPS will bring your movies to you. There's no pressure to return them.

Here's how the corporate office sees it: Blockbuster characterizes 35% of its stores as "core," while saying 47%, or nearly half its total, are profitable, but still "non-core." The remaining 18% aren't turning a profit.

I wonder where the 'core' stores are. Probably somewhere without postal service.

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