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Dish Network to shutter 200 more Blockbuster stores

July 22nd, 2011

Dish Network on Thursday revealed plans to shutter 200 additional Blockbuster stores, dropping the number of nationwide locations to approximately 1,500. Dish won an auction to take control of Blockbuster and its remaining assets this past April, after the fallen giant filed for bankruptcy last September. Dish said that the 15,000 employees working in Blockbuster …

Nokia to close UK web store by end of month

June 17th, 2011

Nokia’s affiliate team has confirmed that Nokia will close its UK online shop by the end of the month. In a letter to partners, the Finnish firm said, “This message is to inform you that Nokia is closing their affiliate [program]… in keeping with a strategic business decision to close down the Nokia UK online …

Employees fight for pay as Modu is forced to close its doors

January 12th, 2011

Modu Ltd., maker of some of the smallest cell phones in the world, will soon be forced to shut its doors according to a pair of reports from Israeli news site Ynet. The news follows reports from November of last year stating that the Israel-based company was forced to cancel a planned IPO and instead …

Circuit City to close 20% of its stores [UPDATED]

November 3rd, 2008

Plagued by sluggish sales and a dreadfully low stock price, Circuit City has been in a downward spiral. Last week it was a notice of non-compliance from the NYSE threatening to remove the listing because its stock has been sitting at well below $1.00 for more than a month. This week it is the inevitable …