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Dillon Blockbuster closing down; many locals get movies via the web
By Bob Berwyn
SUMMIT COUNTY — A combination of factors, including the lousy economy of the past couple of years and the growing availability of on-demand movies via the web, took another bite out of local brick and mortar stores.
The Dillon Blockbuster closing is related to an overall recapitalization process. Here’s a short statement from Blockbuster:
“As part of the recapitalization process, Blockbuster will be evaluating its U.S. store portfolio with a view towards enhancing the overall profitability of the store operations. No decisions have been made at this time. Decisions will be made on a store-by-store basis over the next several months. More information is available at http://www.blockbuster.com/recapitalization.”
The Dillon Blockbuster is not renting movies any more and is in the process of liquidating all its inventory and Dillon’s Hole In The Wall video rental store recently converted to an army surplus store, according to Summit Voice reader Fiona Leaver Kennard, who said the shop will continue to carry a few rental videos.
“I have and will still continue to go to Hole In The Wall video … I will always support the locals. I will not get my movies from RedBox or Netflix,” Leaver Kennard said via Facebook.
A shift lead working at Blockbuster Sunday said the high rent — $17,000 per month — charged by Dillon Ridge shopping center management didn’t help matters. The Blockbuster property is not owned by Miller-Weingarten Realty LLC, the company that manages most of the commercial space at Dillon Ridge. (more…)
Filed under: business, economy, Summit County Colorado | Tagged: Blockbuster, business, Dillon, economy, Facebook, iTunes, Netflix, RedBox, Summit County News, video rentals | Leave a Comment »