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It wasn't too long ago when Lost Weekend Video appeared to be beating the odds. The video rental store successfully funded an underground screening room (called "The Cinecave") in 2012, and the events held in the space created a community that KALW reported was buoying the business in the digital age. But just a few months since that success story is an entirely different one: the store's revenue won't be enough after its current lease expires, and Lost Weekend might close next May.
Revenue has declined by 30 percent in the last few months, co-owner Christy Colcord tells Mission Local. And that contributed to a 60 percent drop in business over the last four years.
The situation sounds eerily familiar to the Le Video one out in the Inner Sunset. But will Lost Weekend Video have a bookstore superhero swoop in and save the day? Colcord hopes instead that sales will increase. "If people are not going to come that's fine," Colcord tells Mission Local. "We just want them to know the situation. I just want [the store closing] to be a choice."
· Lost Weekend Video and Hard Transitions [Mission Local]
· Lost Weekend Video finds new ways to entertain in the digital age [KALW]
· Green Apple Books Swoops in to Save Le Video [Racked SF]