Blockbuster Canada : Liquidation Sale has begun !! Check ur local BBV for deals !

[tjthemanto]

Check the list below ( PDF link ) to see if your local BBV is closing down or not ..you should get some crazy liquidation deals @ your about to close BBV ..almost 40 % of their stores are closing down


I do feel sorry for people who are losing their jobs though


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Sales begin today at Blockbuster stores slated to close

http://www.thestar.com/business/arti...-to-close?bn=1

The Canadian Press




There will be 146 fewer Blockbuster Canada stores that accept gift cards issued by the video and game retailer starting today as liquidation sales begin at the locations that will be closed in coming weeks.


The firm Grant Thornton, which is court-appointed receiver for Blockbuster Canada, is maintaining a list of locations that are due to be closed on its website.


As of Thursday, there were six more locations on the list than previously reported earlier this week when store employees got the news.


Ontario will have the largest number of closures at 63, but every province will lose at least one Blockbuster store.


Blockbuster currently operates about 400 stores across the country.


An estimated 1,400 employees could lose their jobs out of the 4,000 who work for Blockbuster across Canada. ( This is really sad )



“While the need to consolidate stores is unfortunate, we are pleased with the level of interest in Blockbuster Canada Co.’s operations expressed by potential purchasers to date,” Grant Thornton spokesman Michael Creber said Thursday.


Blockbuster Canada was placed into receivership by an Ontario court this month in the face of US$70 million in claims from various movie distributors, including Hollywood studios, and other suppliers.


The Canadian operations had acted as a guarantor for Blockbuster’s U.S. business, which went into bankruptcy protection in September and was later auctioned off to American satellite dish company Dish Network Corp. (Nasdaq: DISH) for US$320 million.


Its new owner is now clashing with the Canadian division, saying it should no longer have the rights to use the Blockbuster name.


Since 2009, Blockbuster Canada had been paying its parent company three per cent of its sales in exchange for the right to use the brand, and argues that if the new owner strips them of that right, it would have a “devastating impact” on its business. Stores have been operating under the Blockbuster name in Canada for 21 years.


In papers filed in a New York state court, Grant Thornton said the Canadian operations need to keep using Blockbuster’s intellectual property, which includes its name as well as the computer systems that allow it to rent movies.

[shopanista]

thanks!

[Keykey]

Very sad news.

[mulock]

torrents are still free.....even the HD 1080p ones.

[Newfiegirl]

The two closest to me are not on that list but one about 20 minutes away is. So does that mean they are staying open, and I can continue to use gift cards and my entertainment pack.

[Dayanara]

Well, guess I will just have to walk across the street to the one near me that is closing and spend my last 60 bucks on a gift card from the 400 I got when I traded in my movies. Don't want to get stuck with it and not able to use it.

[Sherbear609]

mine is staying open from what this list is saying....

[ex0ticb3lla]

the one in front of our home is closing, guess its time to take a walk down and see what they have

[carlyincanada]

Sad news indeed!!

Our store in Chatham, ON is not on the list....but Wallaceburg,ON (20mins away) is....

[nemo]

At the closing stores you cannot buy gift cards or use them to pay for your stuff. If you have a credit on your account you can use that.
But you cannot put your credit on a gift card or use it at the store to buy stuff .

[Saving $$$]

One of the BBV's near me is on that list, I'll stop by on my lunch to see what they have.

[shopanista]

please share your findings...

[$avvy$hopper]

the one near me is still open for now. what a loss for those who may lose their jobs though. i wish them well.

[Dayanara]

At the closing stores you cannot buy gift cards or use them to pay for your stuff. If you have a credit on your account you can use that.
But you cannot put your credit on a gift card or use it at the store to buy stuff .

Just called one of the stores that are closing and they said if you currently have a gift card you can spend it until their doors close, but they are not issuing anymore gift cards.

[Saving $$$]

Just called one of the stores that are closing and they said if you currently have a gift card you can spend it until their doors close, but they are not issuing anymore gift cards.

To my understanding BBV had stopped issuing GC's for awhile now (since end of april?), and only offering in store credit. However if you had a GC before then it was completely valid. I know ppl who took advantage of DVD trade-in back in march, and still had hundreds of $$$ left on their cards as a result of it.