Which of these brands once operated video rental stores worldwide?
Ikea
Walmart
Target
Blockbuster
You'll get the next one!
Blockbuster grew from a single store in Dallas to a chain of 9,000 locations over two decades. But mistakes, such as declining to acquire Netflix when it was just a startup, led the company to go bankrupt and close almost all of its stores.
After working in computer software, founder David Cook decided to open his own video-rental store in Dallas, Texas. His company was different from other rental stores because it offered customers a selection of 8,000 VHS tapes with the help of a modern, computerized check-out process, while other, smaller rental stores could only offer a couple of hundred movies. In 2004, Blockbuster had 9,000 stores globally, Insider reported, and it earned $5.9 billion in revenue.