Posted: Jan 22, 2013 10:48 AM
Updated: Jan 22, 2013 11:11 AM
CORPUS CHRISTI - Three Blockbuster video stores in the Coastal Bend will close by May of this year, joining 300 locations across the U.S. To be shuttered by parent company Dish Network Corp.
The affected stores are on Kostoryz in Corpus Christi, Portland and in Calallen. The store at Staples and Saratoga will remain open for the time being.
Company spokesman John Hall told The Denver Post on Monday that the closures will leave about 500 Blockbuster locations in the U.S..
Dish Network last year also shuttered about 500 underperforming Blockbuster locations. Hall says the stores that will be closed in coming weeks are either underperforming or nearing the end of their leases.
He says the 3,000 employees were informed about the latest closures on Friday. The store locations have not been announced.
Colorado-based Dish Network in March 2011 bought the then-bankrupt video rental chain for $320 million. It plans to move Blockbusters' headquarters from Texas to Colorado's Douglas County.
(Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)
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