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Blockbuster saw fourth-quarter U.S. same-store sales rise 4.4% as stronger product sales outweighed weaker rental trends, the video rental giant said this week in an attempt to reassure investors.
The preliminary results came just days after concerns about a possible bankruptcy filing clobbered the stock at a time when many retailers report declining same-store sales. The company earlier in the week said it has hired an adviser to help it manage its upcoming debt maturities. It is set to report detailed financials on March 19.
Blockbuster’s
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