Blockbuster set to close 3 more stores in Hawaii
Blockbuster Inc., which has closed more than 1,000 stores across the country, will shut down three more in Hawaii, at Salt Lake, Waianae and on the Big Island. Above, the return slot at a Blockbuster Video store in New York.
Blockbuster Inc. is closing three Hawaii stores on April 10.
The home video chain, which put itself up for sale after a failed attempt to reorganize in bankruptcy, will close a Salt Lake store at 848 Ala Lilikoi St., a Waianae location at 86-120 Farrington Highway, and a Big Island store at 74-5586 Palani Road in Kailua-Kona.
The locations employ more than 20 workers, according to store managers.
Blockbuster, which closed its Mililani store at 95-221 Kipapa Drive this month, filed for Chapter 11 bankruptcy protection in September, after mounting losses due to increased competition from services such as Netflix and Redbox. The company, established in 1985 by a Dallas software entrepreneur, has lost market share in recent years.
Blockbuster has shut down more than 1,000 money-losing stores nationwide in the past two years.
The U.S. Bankruptcy Court in New York approved the auction of the company on March 11.
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