Description: Blockbuster Inc. Chief Executive Officer James Keyes said he will evaluate “every single store†in the video-rental chain as it reorganizes to compete with competitors that provide movies online and by mail.
Source: Bloomberg.com
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Date: 09/24/2010
Questions for discussion:
- Why did Blockbuster fail?
- Why is closing down Blockbuster stores a quick way to help salvage the firm?
- What else could be done to reduce the loss of money?
- What would you do to revive the firm?
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