Blockbuster is putting more of its stores on the chopping block.
In a regulatory filing today, the struggling video-store chain with nearly two dozen Triangle locations, reported that it may close 960 stores by the end of next year.
The Dallas-based chain operates about 3,650 company owned stores and franchisees run more than 600. Blockbuster wrote that 18 percent of its stores are unprofitable.
The company will seek to get better lease terms for another 275 to 300 stores or will consider closing those, too.
Blockbuster has said it plans to close about 300 stores this year. The company is adding more rental kiosks and relying more on its online-rental store as it tries to compete with NetFlix and Redbox.
Blockbuster recently closed two stores in Raleigh, at Cameron Village and on Six Forks Road.
As more retailers shut stores during the recession, it creates headaches for landlords that must refill their empty spaces.
But as Sue Stock reports on our sister blog, Taking Stock, the Blockbuster on Six Forks in Raleigh will soon become a Jimmy John's sandwich shop.