6Mar/101
Late Fees Are Back!
If you haven't heard the news, here it is. Blockbuster, yes they are still around, is bringing back late fees! I guess the company is getting its ass kicked big time, because it has closed down hundreds of stores and reported losses of over $400M. Kapow!
I trust the company is looking at ways to reduce costs, improve efficiencies, and expand its current offerings instead of relying on late fees to pull them out of the grave. What's next? Raising rental fees? Mandatory memberships? Shorter rental periods? Fail!
March 8th, 2010 - 08:23
haha. That reminds me of The Office when the Michael Scott Paper Company starts calling its existing customers asking for more money.
I was just talking with my wife about how the best thing about Netflix is that there are no late fees. The model is much more customer friendly. This will happen to the cell phone market once someone figures out a way to compete with the big dogs.