THE "BLOCKBUSTER" MOVIE-RENTAL CHAIN ANNOUNCED RECENTLY THAT THEY ARE CLOSING 1,000 STORES BY THE END OF 2010… AND SIGNS ARE UP INDICATING THAT THE LAFAYETTE LOCATION IS ONE OF THOSE TO BE CLOSED. 

THE CHAIN SITES A RISE OF COMPETITORS SUCH AS NETFLIX MOVIES-BY-MAIL AND REDBOX, WITH MOVIE VENDING MACHINES IN GROCERY RETAILERS.  1,000 STORES CLOSING AMOUNTS TO ABOUT 20 PERCENT OF BLOCKBUSTER’S PRESENT NUMBER OF STORES.