Law360, New York (September 15, 2009) -- Blockbuster Inc. plans to close nearly 1,000 stores and sell $340 million in senior secured promissory notes in a private offering to improve liquidity and pay back outstanding debts, the company has revealed.
Almost 80 percent of Blockbuster's retail profits are earned by a core 35 percent of the company's locations, while 18 percent of its stores are unprofitable, the company announced in...
