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  #1  
Unread July 10th, 2010, 05:47 AM
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BB to tank by 2011

http://finance.yahoo.com/banking-bud...appear-in-2011

Blockbuster was the national leader in the video rental business for nearly two decades. Now it is contemplating Chapter 11 to eliminate debt. The company lost $65 million last quarter. Its revenue continues to fall rapidly as firms such as Redbox and NetFlix (Nasdaq: NFLX - News) siphon off its revenue. Blockbuster has more than 6,000 stores, so it is hard to imagine that the company could disappear. But, there is some precedent, even if it is on a smaller scale. Blockbuster rival Movie Gallery said in February that it would close all of its 2,400 U.S. stores. Blockbuster's model of renting movies through physical locations has been destroyed by cable and satellite video on demand, DVDs via mail and dispensing machines. Blockbuster may still be around as a company that has movie kiosks and a small mail and Internet-delivered content business. But its brick and-mortar business is dead.


I'm hoping they'll at least stay open by the time I get out of college.
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  #2  
Unread July 10th, 2010, 06:35 AM
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That makes three years in a row Yahoo has predicted us to close by the end of the following year. I'm just saying.
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  #3  
Unread July 10th, 2010, 10:33 AM
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2012. for sure.
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  #4  
Unread July 10th, 2010, 11:03 AM
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It is almost the same report as the last two years except it moved us to slot number 2 and it mentioned MG closing. Oddly enough T-Mobile is on this list too and they do very well in Dallas. I would like to have the job of reposting news stories.
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  #5  
Unread July 10th, 2010, 12:27 PM
Flantanella Flantanella is offline
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T-mobile doesnt suck as bad as BBV
  #6  
Unread July 10th, 2010, 12:30 PM
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Quote:
Originally Posted by Blockbusterstore482 View Post
It is almost the same report as the last two years except it moved us to slot number 2 and it mentioned MG closing. Oddly enough T-Mobile is on this list too and they do very well in Dallas. I would like to have the job of reposting news stories.
What's with this Dallas thing? Maybe you all should look at other markets and see how well things do. T-Mobil sucks.
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  #7  
Unread July 10th, 2010, 01:41 PM
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i was stunned with the tmobile news, that my service provider and theve been fantastic for me. i know they had same bs for last few yrs about big blue i too think brick n morter will be over no later than 2012
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  #8  
Unread July 10th, 2010, 01:42 PM
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Originally Posted by johnlow71 View Post
i was stunned with the tmobile news, that my service provider and theve been fantastic for me. i know they had same bs for last few yrs about big blue i too think brick n morter will be over no later than 2012
Well john the end of the world is in 2012 anyway......so does it really matter?
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  #9  
Unread July 10th, 2010, 05:05 PM
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Quote:
Originally Posted by johnlow71 View Post
i was stunned with the tmobile news, that my service provider and theve been fantastic for me. i know they had same bs for last few yrs about big blue i too think brick n morter will be over no later than 2012
I wish it was Verizon that was going under instead. I hate those bastards. They ripped me off hundreds of dollars.
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  #10  
Unread July 10th, 2010, 06:34 PM
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we do not have 6000 stores. lmao. that number is inflated a bit. we are holding around 2900 stores.
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