Laurel County Sheriff John Root says in a statement that a …
A Blockbuster store sign is seen, Wednesday, Sept. 22, 2010, in Dallas. (AP Photo/LM Otero)
Powerball officials say the jackpot has climbed to an estimated…
The ousted head of the Internal Revenue Service apologized to …
Advertisement
Dish Network to close 300 Blockbuster stores in US
The store locations have not been announced
Updated: Tuesday, 22 Jan 2013, 7:35 AM EST
Published : Tuesday, 22 Jan 2013, 7:35 AM EST
DENVER (AP) — Dish Network Corp. says it plans to close about 300 Blockbuster stores across the country, losing about 3,000 employees.
Company spokesman John Hall told The Denver Post on Monday that the closures will leave about 500 Blockbuster locations in the U.S. Blockbuster is owned by Dish Network.
Dish Network last year also shuttered about 500 underperforming Blockbuster locations. Hall says the stores that will be closed in coming weeks are either underperforming or nearing the end of their leases.
He says the 3,000 employees were informed about the latest closures on Friday. The store locations have not been announced.
Colorado-based Dish Network in March 2011 bought the then-bankrupt video rental chain for $320 million. It plans to move Blockbusters' headquarters from Texas to Colorado's Douglas County.
___
Information from: The Denver Post, http://www.denverpost.com
Email This
Print This
View Story on a Single Page
Advertisement
Advertisement
Advertisement