Blockbuster will close up to 960 stores
Blockbuster Inc. plans to close up to 960 stores by the end of 2010 as the movie rental chain suffers from losses and increased competition from rival Netflix Inc.
Dallas-based Blockbuster may close as many as 960 stores by the end of next year as the struggling video rental chain sheds more dead weight and tries to reverse its losses and fend off rapidly growing rivals Netflix and Redbox.