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 from SNAP.PA

The X Factor’s Chloe Jasmine Whichello is planning to get her back on Simon Cowell, following her exit.

Read more

Lukas Podolski has killed any possible rumours of him moving to Spurs.

Read more

Promotions

AGA Living Subscription

Every issue of AGA Living magazine is packed full of celebrity AGA owner interviews, interior and design features, ideas to inspire your culinary imagination, mouth-watering recipes and inspirational shopping ideas.

Dojo gives you hand picked recommendations for events, places and activities in London

Tired of always hearing about some amazing event in London after its gone, missing out on the best activities? That’s where Dojo comes in.

This bread came first in a culinary competition and is priced at £25 a loaf.

Spotify Family will enable multiple users to stream and create playlists from within a single plan.

One university has a different approach to initiating its students and, by the looks of it, it’s a lot more fun.

Cheryl Fernandez-Versini’s husband has accepted damages after taking action over a magazine article about his family life.

TOP Stories

Yesterday, 19:00
Brian Harvey on stage at an East 17 reunion at the Shepherds Bush Empire  in 2006, after surviving a suicide attempt the year before.

Brian Harvey, of the nineties boyband East 17, today marched up to the gates of Downing Street and asked to see the Prime Minister.

Yesterday, 18:47
British Ebola sufferer William Pooley is returning to the country where he caught the disease [Picture: Andrew Matthews]

The Ebola survivor who was treated at the Royal Free Hospital has flown back to the country where he caught the deadly virus.

Yesterday, 17:14
Twitter user @Shafinuur, who was involved in the crash, tweeted this picture with the message:

Forty-five people were rushed to hospital today after a bus flipped over in Barnet, North London.

London Bloggers

Wednesday, September 17, 2014
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.