Blockbuster posts $68 Million Loss

[Supera]

Originally Posted by orbitdvd

They have nothing left to sell off to post a profit.

Nope, and even the Canadian Stores which are showing an operating profit currently are going to be lost to the studios for money owed because they pledged them as collateral.

[MamaSmurf]

I'm quaking about the quote about Canada, and the "slated discs for destruction line". We keep getting large trans/destroy requests.... that explains it.

Any news on whether Sony has cut us off? We have almost no product left, and there is nothing on the Open PO showing we're getting more.

[Air]

But I don't understand, so many candle bundles got sold.

[abhorrent scowl]

Originally Posted by Air

But I don't understand, so many candle bundles got sold.

But if you'd just sell a few more, everything would be fine.

[underemployed]

lol we'd sell more bundles but we haven't gotten but 12 boxes of butter and one box of movie theater butter the whole quarter! We are nearly completely out of the popcorn lol.

on a side not, anyone gotten Tron in yet? I was hoping to watch it today...

[easy1234]

Originally Posted by MamaSmurf

I'm quaking about the quote about Canada, and the "slated discs for destruction line". We keep getting large trans/destroy requests.... that explains it.

Any news on whether Sony has cut us off? We have almost no product left, and there is nothing on the Open PO showing we're getting more.

Definitely not a good sign! In the U.S. the empty pages of the Open ASN is how many SM's found out their store was closing!

Originally Posted by Air

But I don't understand, so many candle bundles got sold.

Sarcasm duly noted But I must say, in most cases it seems the stores that sold the most candy bundles were the FIRST ones to close. How can that be? It must be some mistake, or maybe they didn't sell them in the Blockbuster Way? If only they had called the customer by name, perhaps the store would have been saved.

[psycoma]

Anybody see the flurry of objections to Assumption and cure amounts filed with the court yesterday? I wouldn't be surprised if the next 2 days we don't see that number growing exponentially...

[Veruka_Salt]

No, Psyc. What happened? Do you mean more landlords are claiming non-payment of rent?

[MamaSmurf]

Originally Posted by easy1234

Definitely not a good sign! In the U.S. the empty pages of the Open ASN is how many SM's found out their store was closing!



Sarcasm duly noted But I must say, in most cases it seems the stores that sold the most candy bundles were the FIRST ones to close. How can that be? It must be some mistake, or maybe they didn't sell them in the Blockbuster Way? If only they had called the customer by name, perhaps the store would have been saved.

Strangely, the open Po has like 50 pages, but most of it shows old Pepsi and candy orders, and NRs. Not much sell thru listed. I totally get how you guys feel.... this uncertainty is very stressful. I'm a worry wart anyway, so of course I'm really worried now! I love my job... and I'd like to keep it. Has there been any word on how the auction will affect the Cdn operations?

[psycoma]

Originally Posted by Veruka_Salt

No, Psyc. What happened? Do you mean more landlords are claiming non-payment of rent?

Landlords and vendors are claiming the cure amounts are way off and landlords of shopping center locations are objecting to Assumption unless firm guarantees are in place that the buyer won't substantially change the usage of the rental/retail space. There's already 2 this morning (last I checked) that are new. Ice Mountain is saying that BBI owes over $150k while BBI claims they only owe $70k