Blockbuster Closing 282 Stores. Didn't Know They Still Had 'Em.

Blockbuster and Netflix may have settled their year-old online patent lawsuit -- details confidential, natch -- but Dallas-based Blockbuster has other, uh, blockbuster news: The company's about to shutter 282 stores in order to "improve operating margins and expand domestic share," according to an Associated Press piece that just came...

By Robert Wilonsky

June 28, 2007

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Blockbuster and Netflix may have settled their year-old online patent lawsuit -- details confidential, natch -- but Dallas-based Blockbuster has other, uh, blockbuster news: The company's about to shutter 282 stores in order to "improve operating margins and expand domestic share," according to an Associated Press piece that just came down the river. The company closed some stores last year and got a money bump from the shuttering; it hopes the same thing'll happen this time around. --Robert Wilonsky

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