Jobs to go as Blockbuster store closures begin

12:30 19 January 2013

The chain has gone into administration. File picture: PA Wire

The chain has gone into administration. File picture: PA Wire

Blockbuster is to close 129 of its 528 stores in the coming weeks and make 760 employees redundant, administrators said today.

Thirty-one stores have already been put on notice of closure with a number of closing-down promotions announced. The Uxbridge-based firm went into administration on Wednesday.

Administrators Deloitte said an employee helpline and an “employee assistance programme” are in place to help staff find other jobs.

The firm’s trading woes were blamed on competition from internet firms and digital streaming of movies and games.

Lee Manning, from administrator Deloitte, said: “Having reviewed the portfolio with management, the store closure plan is an inevitable consequence of having to restructure the company to a profitable core which is capable of being sold.

“We would like to thank the company’s employees for their support and professionalism during this difficult time.

“We are also grateful to the customers for their continued support.”

Blockbuster, which opened its first store in London in 1989, had struggled to adapt to the changing market and rivalry from internet retailers including Netflix, Amazon’s LoveFilm and iTunes, Its collapse came just a day after music and entertainment chain HMV called in administrators, following dismal Christmas sales.

Related articles

Latest Stories

King's Cross underground station was shut after 'loose concrete' was found in the roof this morning (Picture: Chris Radburn/PA Wire)

Commuters were hit with massive disruption to the Tube network this morning after King’s Cross was evacuated due to ‘loose concrete in the roof’.

Read more
20 minutes ago
Three people were injured when the black cab crashed outside the Old Bailey  (Photo by Oli Scarff/Getty Images)

Three people have been rushed to hospital after a taxi driver crashed into a pedestrian and a cyclist outside the Old Bailey on Tuesday evening.

Read more
12:56
Police are very concerned about Folajimi Ayo-Adenuga. [Picture from Met Police]

Havering Police are searching for a “profoundly deaf” Romford teen who went missing late on Tuesday night.

Read more

TOP Stories

King's Cross underground station was shut after 'loose concrete' was found in the roof this morning (Picture: Chris Radburn/PA Wire)

Commuters were hit with massive disruption to the Tube network this morning after King’s Cross was evacuated due to ‘loose concrete in the roof’.

20 minutes ago
Three people were injured when the black cab crashed outside the Old Bailey  (Photo by Oli Scarff/Getty Images)

Three people have been rushed to hospital after a taxi driver crashed into a pedestrian and a cyclist outside the Old Bailey on Tuesday evening.

12:56
Police are very concerned about Folajimi Ayo-Adenuga. [Picture from Met Police]

Havering Police are searching for a “profoundly deaf” Romford teen who went missing late on Tuesday night.

Promotions

Advanced running and training technology for beginners up to elite athletes

If you’re thinking of adding running treadmill to your fitness routine, you’re on the right track! There are several advantages to running on a treadmill versus running outdoors.

Renault-Zoe

The Renault ZOE follows on from the introduction of the electric Fluence ZE and Twizy, but unlike the former, the ZOE was designed from the ground up as an electric vehicle.

When no simple way to find Real Ale was at hand, 4 Ale enthusiasts got together to allow anyone with a smart phone to find Real Ale no matter where they happened to be, this was the birth of the Perfect Pint app.

London Bloggers

20 minutes ago
The cast, including Josie Lawrence and Mike Myers

Simon Collins catches up with the improv impresarios, who despite being the world’s longest-running comedy show with the same cast, have lost none of the razor-sharp wit:

Monday, September 1, 2014
Do you really need an explanation for that?! (Pic by Serena Marinelli)

If you’ve ever seen an Italian movie, you would probably know how important body language is in the culture.

Tuesday, August 26, 2014
Don't waste any of your harvest

If you are now inundated with ripe tomatoes, juicy green beans, berries and herbs, don’t leave them to go stringy or mouldy because the freezer can go a long way to making your crops last well into winter.

Quizzes

Do you fancy yourself as a football ground know-it-all? Try our devilishly difficult quiz!

How well do you know your football stadiums? This brand new quiz from London24 will seperate the men from the boys...

Read more
Do you know your Thames truths from the porkie pies? (Photo by Mike Hewitt/Getty Images)

So, you live (or work) in London, and you think you know the river well.

Read more
Diego Costa of Chelsea exchanges words with Cesc Fabregas (Photo by Chris Brunskill/Getty Images)

Chelsea have made several personnel changes over the course of the summer as they look to mount a squad that can challenge for the title.

Read more