Blockbuster To Close 282 Stores

Blockbuster To Close 282 Stores

The AP is reporting that Blockbuster will be closing 282 stores nationwide and will beef up spending on its online DVD rental service in order to compete with industry-leader Netflix. From the AP:

“Traffic is just not what it used to be when Blockbuster was the big rooster in the hen house,” said Andy Cross, senior analyst with The Motley Fool.