Headlines

Blockbuster Reports A Loss

Increased profit not enough

Published

24 years ago

October 26, 2000

admin1

Blockbuster reported a third-quarter loss despite increased revenue. The Dallas-based company posted cash earnings of $22.6 million in 2000, compared to $22 million for the same period last year. Revenue also rose by 7.3 percent. Still, Blockbuster incurred a net loss of $19.3 million, due to a number of issues, including amortization.

Blockbuster has opened 426 company-operated stores in the last year. In July, it partnered Enron Broadband Services to offer an entertainment on-demand service to people in their homes. The company also offers DirecTV systems in 3800 of its stores and expects to introduce pay-per-view service next year.

MasterClass: ‘Re-Sparkling’ Retail: Using Store Design to Build Trust, Faith and Brand Loyalty

HOW CAN WE EMPOWER and inspire senior leaders to see design as an investment for future retail growth? This session, led by retail design expert Ian Johnston from Quinine Design, explores how physical stores remain unmatched in the ability to build trust, faith, and loyalty with your customers, ultimately driving shareholder value.

Presented by:
Ian Johnston
Founder and Creative Director, Quinine Design