Dish To Keep 1,500 Blockbuster Stores

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Months after it closed its deal to purchase video retailing icon Blockbuster, Dish Network said Thursday that it would keep more than 1,500 of the chain's 1,700 retail locations open.
Dish purchased Blockbuster in April for about $320 million. Shortly after the purchase, several published reports said that Dish had retained leases on between 500 and 600 locations.
In making the announcement Thursday, Dish said that it would also retain more than 15,000 store employees at the locations.
"We're pleased that we will continue to operate more than 90 percent of the stores that were offered at auction in April," Blockbuster president Michael Kelly said in a statement. "By lowering pricing and offering competitive summer promotions, we've brought millions of customers back into Blockbuster stores in the last three months to experience the best in convenience, choice and value. Today, more than 100 million people live near a Blockbuster store."
Of the about 200 stores that will close, Dish said it will continue to look for opportunities for physical distribution in those neighborhoods.