Make it a Blockbuster Night

24 02 2012

BLOCKBUSTER to close 500 stores
24 February 2012

US-based Blockbuster has announced its results for the year to 31 December 2011, confirming it plans to close 500 underperforming rental stores during the first half of 2012. This number accounts for approximately one-third of the company’s US store portfolio.

Blockbuster’s new parent company Dish Network reported an 11% increase in net sales for its full year 2011 to USD14.05 billion. Consolidated from 26 April, Blockbuster contributed USD975 million in revenue and USD4 million in net income during the period. The company ended the year with USD196.8 million in inventory.

Dish Network said that the store closures would have little impact on Blockbuster’s business as they related to outlets with favourable termination rights. The company said it would continue to view Blockbuster as a separate business and evaluate its performance going forward. Dish Executive Vice President of Corporate Development Tom Cullen told investors: “It’s a work in progress. We have a low tolerance for losses.”

Fonte: Planet Retail

Butto dentro anche questa, già che ci sono.

GAME to close Gameplay website and 35 UK stores
23 February 2012

UK entertainment retailer GAME is to close down its Gameplay e-commerce site and will shut a further 35 stores in its domestic market, MCV reports. Gameplay was acquired in 2004 but is said to have become a forgotten brand by the games specialist, which will redirect customers to its Gamestation site following the closure. Meanwhile, the company has revealed another 35 UK units will be closed as part of its cost-saving programme, which aims to reduce GAME’s store count from 610 to 550 by Christmas 2013.

Fonte: Planet Retail


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2 responses

25 02 2012
beppe

e vedrai che la lista si ampliera’, io q.do vedo un cretino che si erige a re’ del sottocosto (il commercio è nato per fare ricavi…) ….

13 08 2014
Mary Kom Reviews

Mary Kom Reviews

Make it a Blockbuster Night | L’altra faccia del mondo videoludico

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