I’m always amazed at how quickly things change, and how some folks can end up worse off for a failure to adapt to change fast enough
This morning on the way to the gym near our head office, I couldn’t help but notice the big red signs: “Store Closing Sale.” It was a Blockbuster Video retail store. It got me thinking about how change brought rise and now demise to this chain. How did we see movies then and now? Think about it - from movie theatres, to VHS (and Beta), to DVD, and now streaming digital. Along the way, the competition for distribution became fierce. It appears that Blockbuster has not responded to recent market changes effectively, hence their filing for bankruptcy.
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