All remaining Blockbuster stores to close
Administrators for collapsed entertainment retailer Blockbuster have announced the closure of all 91 remaining stores with the loss of 808 jobs.
All stores will have ceased operating by 16 December while all remaining stock will be sold by 15 December with discounts of up to 90% off sale prices.
Joint administrators Simon Thomas and Nick O’Reilly of Moorfields Corporate Recovery said: “It is with regret that we have to make today’s announcement, we appreciate this is a difficult time for all concerned and would like to thank staff for their professionalism and support over the past month. Unfortunately, we were unable to secure a buyer for the group as a going concern and as a result had to take the regrettable action to close the remaining stores.”
Blockbuster went into administration in January this year following its struggle against online competitors and the shift to digital streaming of movies and games. The retailer was subsequently acquired by Gordon Brothers Europe but fell into administration again in November.
