Blockbuster Canada looks to shut down operations
Toronto — Blockbuster Canada Co. is winding down operations. Grant Thornton Ltd., the receiver in charge of selling the chain, announced that it is seeking a court order to shut down the company’s remaining 253 stores.
The accounting firm was appointed receiver for the video chain in May. In June, it shuttered about 150 underperforming Blockbuster outlets, and began the hunt for a buyer for the remaining outlets. But Grant Thornton said it has been unable to find a suitable buyer.
Study: Mobile devices to account for 15% of Web searches on Black Friday
New York City — Fifteen percent of Web searches on Black Friday will be done on mobile devices, according to a study by Google’s AdMob.
The “Holiday Retail Mobile Insights” study also project that 44% of total searches for last minute gifts and store locator terms will be from mobile devices this holiday season based on historical growth rates. It also found that consumers are using their mobile devices to drive in-store traffic, with 65% of respondents saying they used their mobile device to find a business to make an in-store purchase.
According to The AdMob survey, greater than 33% of both smartphone users and tablet users plan to start their shopping before Thanksgiving. The study suggests that smart marketers will start their holiday campaigns early this year to reach these consumers.
Wingstop to open 15 new locations in Atlanta
Richardson, Texas — Restaurant chain Wingstop said it has executed development agreements with franchise operators to open 15 new Wingstops in the Atlanta market.
Three development agreements, including an 11-store deal with Tomahawk Brands LLC, will allow the Texas restaurant chain to expand its Atlanta presence from two locations to 17. The first unit under the new agreements is slated to open in early 2012.
Wingstop is owned by Atlanta-based Roark Capital Group. It currently operates about 485 restaurants across the United States and Mexico.