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Blockbuster to close 300 stores
Dallas – Blockbuster will shutter about 300 of its stores in the United States in the coming weeks. The closures will result in the loss of about 3,000 jobs and leave the chain with some 500 U.S. locations, according to a spokesman for Blockbuster parent company Dish Network Corp.
The closures will affect underperforming stores or those nearing the end of their lease. Specific locations have not yet been announced.
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Deloitte: Sales in warehouse club stores to outpace other channels
New York -- Consumer products executives expect their highest growth to come from the warehouse club channel compared with any other retail sales channel over the next three years, including mass merchandise, grocery, and e-commerce, according to new research from Deloitte.