Blockbuster Will likely be ” Evaluating Every Single Store” [Blockbuster]

Shed a couple of tears over Blockbuster’s demise ? You’re not alone . But don’t worry, there is a glimmer of hope to your local store, with their CEO promising that if it performs well, it could actually just stay open.

Basically, whenever you and your neighbors were loyal to Blockbuster over time, there’s an opportunity they’ll recognize the branch performs well and can keep it as one of their few successful stores.

CEO James Keyes said ” we’ll literally be evaluating every single store.” Up until the tip of August, they apparently had 3,300 stores across the States, however it’s said they’re going to must shed between 500 – 1,300 as a minimum to have a raffle at creating wealth again.

In case there are any number-crunchers available in the market all in favour of the level of troubles Blockbuster has been facing, they declared $1.46 billion in debt yesterday, with $1.02 billion in assets. [ Bloomberg ]

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This post is tagged: blockbuster, creating wealth, glimmer of hope, local store, number crunchers, single store