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Home arrow News arrow Local News arrow Blockbuster busted? Co. reps mum

Blockbuster busted? Co. reps mum

Dish Network on Tuesday announced it would close 300 Blockbuster video stores, but it’s not yet certain the Sonora store is on the chopping block.

Corporate representatives declined to say which stores will be shuttered.

 

Spokeswoman Stephanie Kopet said stores at risk of closure are unprofitable or have expiring leases.

“We continue to see value in the Blockbuster brand and we will continue to analyze store-level profitability and, as we have in the past, close unprofitable stores,” Kopet said.

The Sonora store, which employs 11 people, declined to comment. 

The Blockbuster building, located in the Crossroads Shopping Center along with Walmart and Safeway, has been listed for lease by Stockton-based real estate broker Christopher Sill of Lee & Associates. 

Sill was unsure exactly when the lease expires. He said, however, Blockbuster is expected to vacate the Sanguinetti Road building this year.

The Blockbuster closures will leave the company with about 500 brick-and-mortar stores in the U.S. and cut approximately 3,000 jobs, according to the Los Angeles Times. 

 In 2011, Blockbuster closed its Angels Camp location along with 181 other stores nationwide.

The closures were part of a company reorganization plan to compete with Netflix, Redbox and other competitors.

That same year, Dish Network, a nationwide satellite TV provider, acquired Blockbuster and about 1,700 of its stores in a bankruptcy sale.



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Fri, 19 Dec 2014 04:00:28 -0800