Dish Network on Thursday revealed plans to shutter 200 additional Blockbuster stores, dropping the number of nationwide locations to approximately 1,500. Dish won an auction to take control of Blockbuster and its remaining assets this past April, after the fallen giant filed for bankruptcy last September. Dish said that the 15,000 employees working in Blockbuster locations that will remain operational will not lose their jobs. The company also said employees of the locations set to be shuttered will have the ...

Nokia’s affiliate team has confirmed that Nokia will close its UK online shop by the end of the month. In a letter to partners, the Finnish firm said, “This message is to inform you that Nokia is closing their affiliate [program]… in keeping with a strategic business decision to close down the Nokia UK online shop.” The company argued that it has been hard to compete with wireless carriers that are offering products at subsidized prices. “We are planning to close the current UK onlin...

Modu Ltd., maker of some of the smallest cell phones in the world, will soon be forced to shut its doors according to a pair of reports from Israeli news site Ynet. The news follows reports from November of last year stating that the Israel-based company was forced to cancel a planned IPO and instead begin laying off most of its staff. It now appears as though modu will be forced to close in early February and until then, only a small sales team will remain in place to sell off remaining inventory. According ...

We’ve independently confirmed that all some Verizon Wireless stores will be closing at 4PM this coming Sunday. (more…)

Plagued by sluggish sales and a dreadfully low stock price, Circuit City has been in a downward spiral. Last week it was a notice of non-compliance from the NYSE threatening to remove the listing because its stock has been sitting at well below $1.00 for more than a month. This week it is the inevitable cutbacks which have taken the form of layoffs and store closings. According to the Consumerist website, Circuit City is set to announce the closing of 155 stores nationwide today, which is about 20% of its en...