Woodbury Blockbuster Going Out Of Business

Staff of seven laid off; video store will be in liquidation through March.

Four days before Christmas, the seven staff members of Woodbury’s store found out they would soon be out of jobs and that they had five days to prepare the store for liquidation.

Christmas Day was the last day to rent videos and games at the store, which will be open until March 13, with discounts on all products increasing each week as the closure date approaches.

DVDs are currently being sold for $9.99, games and new retail items are 10 percent off and Blu-ray discs are 15 percent off.

“The store did good, but the rent was just too high,” said an employee who wished to remain anonymous to protect their job through March.

The store’s two managers received small severance packages, but regular employees did not.

Peter Bakula December 28, 2011 at 08:23 PM
That is too bad. They are the last DVD rental store in Woodbury. Too bad they can't move to a different location.
Eric Berg December 28, 2011 at 10:54 PM
I guess it's not a big surprise in a way. It's a very capital intensive business and with the ease that people can now get movies through the internet and mail, it's probably just not a sound business proposition. A high school classmate just liquidated his mom-and-pop operation in northern Minnesota because even though he had a loyal clientele, costs were just eating him alive. Crazy thing is, I can remember when you could not only rent the video, but the VCR as well. (Early to mid 80's)
Laura ME December 29, 2011 at 12:32 PM
That is too bad! Rent is high in Woodbury...but yet, Woodbury City Government wants new business opportunities. Look at that HUGE State Farm property...still sitting empty.
Eric Berg December 29, 2011 at 03:41 PM
Building owners will lower rent as they see their properties go vacant. City government doesn't control that. City government also does not control the State Farm property. There are all sorts of market-based reasons that could account for that property still being vacant--like the vast amount of vacant commercial and office space in the metro for one thing. Perhaps they are asking more than buyers are willing to pay. Perhaps St8 Farm has restrictions on who can purchase the property (although that's far more common with retailers than office properties.)


More »
Got a question? Something on your mind? Talk to your community, directly.
Note Article
Just a short thought to get the word out quickly about anything in your neighborhood.
Share something with your neighbors.What's on your mind?What's on your mind?Make an announcement, speak your mind, or sell somethingPost something
See more »