Blockbuster considering bankruptcy
19
March
3/19/2010 Update:
Blockbuster Considers Bankruptcy Filing
In an update to this story from six months ago – Blockbuster made news this week:
“In its annual report filed Tuesday, Blockbuster said its declining sales and cash flow, coupled with increasingly competitive industry conditions, “raise substantial doubt about our ability to continue as a going concern.” Blockbuster provided similar warnings nearly a year ago before it was able to refinance its long-term debt in the fall.”
Their annual report indicated that they suffered a more than $400 million dollar loss in the 4th quarter, and are close to a billion dollars in debt.
How much longer can they hang on?
9/21/2009:
Is Hoboken’s Blockbuster doomed?
Last week – Blockbuster made the news – indicating that despite trying to re-invent themselves over and over – are still suffering. They plan to close over 800 more stores before the end of 2010.
The simple question of the day is:
























