Spoiler Alert: West Caldwell Blockbuster Set to Close

Blockbuster will close its , an employee confirmed on the phone Thursday.

The Bloomfield Avenue video shop will stop renting after Monday, Dec. 26, when it will begin liquidating the store's inventory.

Plagued by debt and overcome by changes in how consumers aquire media, Blockbuster filed for bankrupcty in 2010.

Although Blockbuster was purchased by the satellite company Dish Network earlier this year, hundreds of stores have closed, including all stores in Canada, with many more set to shutter in the near future. Other Patch sites around the country have reported store closings, including locations in , and .

The first Blockbuster opened in Texas in 1985. With some 4,000 stores at its peak, it was once the leader in the video rental space, and the place to go to pick up new releases as well as classic movies, at a fraction of what it would cost to see them at a cinema.

But "going out of business" signs have become the norm at brick and mortar video stores, which have failed to compete with the emergence of digital age competition, such as mail-order company Netflix and rental kiosks like Redbox.

A Redbox located down the road from the West Caldwell Blockbuster inside , for example, lets shoppers bring a movie home for a $1 a night.

Other than the kiosk inside the supermarket, there will be nowhere else to rent a movie in the Caldwells after the Blockbuster closes.

But with a library card, DVDs are always available to borrow free of charge at local libraries, which have seen an increase in demand during these tough economic times.

A spokesperson for Blockbuster was not immediately available and it is not clear how much longer the store will remain open.