Blockbuster said it will close about 300 of its U.S. stores in the coming weeks, thinning the once ubiquitous video rental chain’s bricks-and-mortar presence.
The closures will result in the loss of about 3,000 jobs and leave the company with about 500 stores in the nation, said John Hall, a spokesman for parent company Dish Network Corp. in Englewood, Colo.
Last week, Blockbuster’s British unit entered into administration, a version of bankruptcy, and said it would close 160 stores there, according to the administrator, accounting and consulting firm Deloitte.
Blockbuster Video plans to shutter all but one of its remaining Lehigh Valley stores in the coming days, according to several sources.
The beleaguered movie rental chain plans to cease rentals as early as Monday, Dec. 26, at stores at 2221 Lehigh St., Allentown; 2918 William Penn Highway, Palmer Township; and 756 Memorial Parkway, Phillipsburg, according to employees who answered the store phones Wednesday.
Liquidations are planned to start next week, according to the clerks.