Blockbuster sales climb

March 5, 2009 4:05:05 AM PST
Blockbuster says its fourth-quarter domestic same-store sales climbed 4.4 percent, as increased sales of games, game merchandise and consumer electronics offset a decline in movie rentals.

The good news comes on the heels of the struggling company's hiring of corporate restructuring specialists Kirkland & Ellis to help rescue it from a financial bind. Blockbuster is hoping the firm can re-negotiate the terms of its outstanding loans and arrange financing to keep it afloat during the economic downturn.

Dallas-based Blockbuster Inc. says full-year domestic same-store sales rose 6.4 percent.

Same-store sales, or sales at stores open at least a year, are a key indicator of retailer performance since they measure growth at existing stores.

Morey money-related links:

CLICK HERE to follow Action News on Twitter

CLICK HERE to get Action News on your website

CLICK HERE to find Action News on Facebook

Click here to get the latest Philadelphia news and headlines from across the Delaware and Lehigh valleys.


Load Comments