Video rental stores do exist still although they are few and far between.
86 percent of video rental stores closed in 2007.
It's estimated that there are still at least 2,140 video rental stores still in existence somewhere.
Video rental stores went out of business mainly due to the rise of digital media and online streaming services such as Netflix, Amazon Prime Video, and Hulu.
It's much easier to find videos and movies online and stream them or download them instead of having to go to a video rental store and renting the moving and then driving home or going home, watching it and then having to return it.
I haven't been to a video rental store myself in around 20 years as I do all my movies and videos streaming online.