14/11/2013

Blockbuster To Close 72 Stores Affecting 452 Jobs

Seventy-two of the UKs 264 Blockbuster stores are to close with the loss of 452 jobs, it have been announced.

The struggling DVD rental chain entered administration for a second time in October with the company saying: "As part of our attempts to turn around the business, today's decision is necessary if parts of Blockbuster are to be saved and a buyer found."

(MH/CD)

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Blockbuster has entered administration for a second time, owners of the DVD and games rental chain have announced. The chain collapsed in January, blaming a lose of business to online streaming and rental businesses. In March, the firm's 528 stores were sold to Gordon Brothers Europe, who today announced that it has again entered administration.
16 January 2013
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DVD rental firm Blockbuster has become the latest UK high street firm to go into administration. The chain has 528 stores employing 4,190 staff. Deloitte, the accountancy firm which will now take over the day-to-day running of the firm, said Blockbuster had been affected by competition from internet-based film services.