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🔹Blockbuster was once a dominant player in the video rental industry, with thousands of stores around the world. However, the rise of online streaming services like Netflix and changing consumer behavior led to Blockbuster’s decline and eventual bankruptcy. 🔹Blockbuster’s downfall began in the early 2000s when Netflix, a new and innovative online streaming service, offered to sell their company to Blockbuster for $50 million. Blockbuster declined the offer, thinking that the future of video re
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Claire's files for bankruptcy protection Wednesday, as the retailer battles massive debt and rising competition. Analysts say Claire's is also struggling with higher costs related to President Trump's tariffs. It's the second time in seven years that the company known for its ear-piercing services and teen-friendly jewelry has sought bankruptcy protection. It follows a similar move by teen retailer Forever 21, which filed for bankruptcy protection back in March. Claire's says its stores will con
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