Blockbuster Closing And Liquidating Inventory

Blockbuster is liquidating its inventory and has plans to close its Montclair location at 49 Claremont Avenue by April 28, an employee confirmed on the phone Monday.

"We are still open until April but we're liquidating and we will be closing," the employee said.

In April 2011, the Blockbuster that's located in the CVS Plaza also released word that it would shut down, but then suddenly reopened again.

This time, though, the employee said the store was definitely closing.

Just a few months ago, a nearby Blockbuster, on Bloomfield Avenue in West Caldwell, announced that it would stop renting after Dec. 26, 2011.

Plagued by debt and overcome by changes in how consumers acquire media, Blockbuster filed for bankrupcty in 2010.

Although Blockbuster was purchased by the satellite company Dish Network in 2011, hundreds of stores have closed, including all stores in Canada, with many more set to shutter in the near future. Other Patch sites around the country have reported store closings, including locations in , and .

The first Blockbuster opened in Texas in 1985. With some 4,000 stores at its peak, it was once the leader in the video rental space, and the place to go to pick up new releases as well as classic movies, at a fraction of what it would cost to see them at a cinema.

But "going out of business" signs have become the norm at brick and mortar video stores, which have failed to compete with the emergence of digital age competition, such as mail-order company Netflix and rental kiosks like Redbox.

Do any of you still go to Blockbuster? Let us know in the comments section below.