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Where You Won't Shop by Next Year

Belpowerslave
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Master Ass Whipper
Belpowerslave
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Master Ass Whipper
Joined: August 23rd, 2004, 4:56 pm

January 23rd, 2009, 3:54 pm #1

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Belpowerslave
Master Ass Whipper
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Belpowerslave
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Joined: August 23rd, 2004, 4:56 pm

February 11th, 2009, 3:30 pm #2

Even more:

http://finance.yahoo.com/news/15-Compan ... 79875.html

Was glad to see that Sbarro(nasty), Blockbuster and Krispy Kreme(am I the only one who thinks they are seriously overrated?) might be on their way out.

Bel
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DarcSeven
The other pallet swapped ninja
The other pallet swapped ninja
DarcSeven
The other pallet swapped ninja
The other pallet swapped ninja
Joined: June 20th, 2007, 12:13 am

February 11th, 2009, 6:25 pm #3

Suprised with Blockbuster, I didn't see that coming. Krispy Kreme going down makes me happy though. Ever since they got popular a few years back, it was suprisingly difficult to find good doughnuts. Well... as in I had to actually look for a good doughnut place. :)
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sheath
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sheath
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Joined: October 5th, 2004, 9:51 pm

February 11th, 2009, 9:01 pm #4

Ah blockbuster, sweet blockbuster. The bastards that never carried a Sega Master System, didn't carry the Genesis until 1991, and carried the SNES a month before launch. The bastards who charged us *$70* for "The Firm" because an employee stole the store copy after I personally returned it. The bastards that lost a class action lawsuit for unjust late rental fees. The bastards that told me not to buy a Dreamcast, in two locations locally, because the PS2 would launch in December of 1999 and "completely blow the Dreamcast away". Oh yes, I'm going to enjoy seeing you go.
www.gamepilgrimage.com
Buy the games of yore before they are no more
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sheath
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March 4th, 2009, 2:13 pm #5

This is about as big of a win for the consumer world as seeing Sony or Microsoft post the same.

http://www.gamesindustry.biz/articles/b ... -suspended

Blockbuster seeks bankruptcy advice as shares are suspended

US retail and rental giant Blockbuster is seeking advice on bankruptcy following the New York Stock Exchange's decision to suspend trading.

According to a report by Bloomberg, bankruptcy specialist Kirkland & Ellis is looking into options which may include "pre-arranged bankruptcy," where restructuring work is completed out of court.

"We’ve hired them for refinancing and capital raising initiatives," Karen Raskopf, a Blockbuster spokeswoman, told Bloomberg. "We do not intend to file for bankruptcy."

The company had planned to fund its own operations throughout 2009 after two credit facilities expired last August, said Raskopf.

Shares in the firm dropped as much as 86 per cent yesterday before the NYSE halted trading.

Blockbuster has more than 7500 stores in the US, Europe, Australia and Asia. The company offers movie and videogame rentals, and has faced increasing competition with the growth of web-based services such as Netflix.
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Belpowerslave
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Belpowerslave
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March 4th, 2009, 9:50 pm #6

Sounds good...though I will miss their clearance game sales. Picking up stuff like GTAIV for $15 just can't be beat...

Bel
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sheath
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September 16th, 2009, 6:03 pm #7

http://www.gamesindustry.biz/articles/b ... y-2010-end

Blockbuster has revealed plans to close up to 960 of its retail stores by the end of 2010 in a move it hopes will "improve four-wall profitability".

According to a SEC filing it plans to close unprofitable stores, which account for 18 per cent of Blockbuster's more than 7000 outlets.

The company will close 280-300 stores as part of 'normal closures' this year, then add additional stores to an 'accelerated closures' category to be shuttered by the end of the year. This total will amount to 300-385 locations.

2010 will see 100-125 normal closures for the retail chain, and 130-150 accelerated closures. By the end of 2010, the company expects to have closed 810-960 retail outlets.

"All these stores are candidate stores," spokesperson Randy Hargrove told CNet of the move. "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."

In addition to the store closures, Blockbuster also indicates it has 275-300 stores subject to the company's "lease mitigation/termination efforts". Another 250-300 could also be converted into outlets, bringing the possible number of rental outlets that could be closed up to 22 per cent of all its stores.

The company's kiosk business however is expected to grow, and in a separate filing with the SEC it reports it has 497 kiosk units available to US customers which it hopes to grow to 2500 by the end of 2009 and 10,000 by mid-2010.

Kiosks will help the company turn a corner, said Hargrove, who points out that even though some stores will close, these will "increase the points of distribution, thus getting our product in front of more people. This whole plan is part of a multiplatform strategy to get those additional points of distribution."
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Belpowerslave
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Belpowerslave
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September 18th, 2009, 7:45 pm #8

They're getting their asses handed to them by the growing amount of people going to digital downloads, either illegal(bittorrent) or legit(Netflix). It's their own fault...they should have been the ones pioneering it, not trying to catch up. This is what they get though, for being the monopolistic asses they are. That Netflix 360 deal really helped out...and now that it can even be used on some Blu-Ray players, plus the box you can rent from Netflix, it's just going to tear BB's ludicrous pricing model to shreds.

I'll be happy to see them go...

Bel
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Belpowerslave
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September 22nd, 2009, 5:47 pm #9

More coming...

http://finance.yahoo.com/tech-ticker/ar ... GT,MYL,HTZ

Despite being an Intel guy....I am *not* happy to see AMD on there....:(

Bel
Last edited by Belpowerslave on September 22nd, 2009, 5:49 pm, edited 1 time in total.
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sheath
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September 22nd, 2009, 5:57 pm #10

If AMD goes down, PCs go down.
www.gamepilgrimage.com
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