Blockbusters is to close between 810-960 stores, the company confirmed in an SEC filing yesterday, in an effort “to improve four-wall profitability.”
The games and video retailer will close the stores by the end of 2010.
It’s not all bad, though. Sort of.
“All these stores are candidate stores,” said spokesperson Randy Hargrove.
“Although we may in fact close that many stores, if we can renegotiate leases or remodel stores to make them more profitable, that number might go down.”
Lots more detail on CNET.