If Blockbuster Canada was worth more as a whole company (i.e. it was a viable business going forward) then it would not have been liquidated by its creditors, I assure you.plus the point that blockbuster Canada was still making money and was dragged under by its US counterpart...
Quite right...the US Blockbuster creditors liquidated US Blockbuster and the Canadian part was put up as collateral when they first restructured hence they got dragged into the US side bankruptcy.If Blockbuster Canada was worth more as a whole company (i.e. it was a viable business going forward) then it would not have been liquidated by its creditors, I assure you.
If you're losing money then I'm not sure you can be charging too much. Running huge retail locations 16 hours a day costs a lot of money in rent, electricity and labour. My guess is that the cost of the disc is the cheapest part.I agree with lovelylad. Rogers charges too much, making it enticing for people to pursue other cheaper alternatives.
I'd say a lot of people are willing. My Rogers in Kitchener has been packed every time I've gone in. There were two Blockbusters closer to me, so I did not rent from Rogers prior to their closing, but it appears they are doing fine for now.they don have a hard problem to figure out. nobody wants to pay $7 plus tax for a new release.if the independents can offer them for $3-4 then so can they.Iam only using my local area of brantford as an example but i am sure it is the same in other areas
So downsize. The only video rental store left in my area (mom & pop) did just that last month. They have half the retail space they once did. But they're still in business.Running huge retail locations 16 hours a day costs a lot of money in rent, electricity and labour.
That's a problem of Rogers' own creation. We had an independent video store with a great selection and good prices. Rogers moved in and they got kicked out. The Rogers store was about 10 times larger but had a smaller selection and higher prices. Not even BB stores were that overbuilt. It seems a little idiotic to have 50 or 100 copies of the same title taking up half a wall.Running huge retail locations 16 hours a day costs a lot of money in rent, electricity and labour.
Agreed. But also you have to ask yourself, why did all the mom and pop stores go out of business when their prices were cheaper? It's because they didn't have the selection etc.So downsize.