"Tribeca movie renters will have one less option in 2006, as Blockbuster Express prepares to close its doors in January.
“The rent is just too high, and the location has not been profitable,” said Karen Raskopf, spokesperson for Blockbuster. “That particular store did not have enough traffic to stay open.”
“We look at online renting as an opportunity for us, and a growing area, not a threat,” she said. “More than 40 percent of online renters continue to rent in-store.”
She did say some stores would close around the country and fewer new ones would open.
Blockbuster Express, located in Tribeca for just over a year, will close its doors on Sunday Jan.22.
Via Downtown Express
TriBeCa is a neighborhood in Manhattan (New York City, USA). The name stands for the "Triangle Below Canal Street." It runs roughly from Canal Street south to Park Place, and from the Hudson River east to Broadway.