Blockbuster stores in Exeter, Exmouth and Newton Abbot escape first round of closures
Blockbuster stores in Exeter, Exmouth and Newton Abbot have been spared the axe – for the time being at least – after administrators announced plans to close 129 branches.
Those earmarked for closure will be wound down over the coming weeks, along with 31 shops which had already been put on notice of closure.
-
Blockbuster
Administrators from Deloitte are continuing to review the profitability of Blockbuster's remaining 368 stores and more closures are expected to be announced in the coming weeks.
A spokeswoman for the administrators said the first round of store closures did not include the branches in Fore Street, Heavitree; Cowick Street, St Thomas; Chapel Street, Exmouth, or Queen Street, Newton Abbot.
30% Off ALL Retail,includes all Dermalogica retail products.
Terms: Does not include sunbed accelerator creams.
Contact: 01392 348280
Valid until: Saturday, August 31 2013
Lee Manning, joint administrator, added: "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."
The DVD and video games rental chain followed recent retail casualties – including Jessops, HMV and Comet – when it went into administration last week. The company employs 4,190 staff at 528 stores across the UK.
Comments
by waynejkc69
Monday, January 21 2013, 2:41PM
“It is a shame to lose BB! I like the fact that when hung-over they are there, or the fact that when I want to watch several films at once they have offers i.e. 4 for £10. I think BB should employ a review (not more than 200 words) and rating system so that people can get rid of the rubbish like Rotten Tomatoes and IMDB.
BB should also have classic oldies like Pretty in Pink and Shattered with Tom Berenger (this currently retails for £12 approx on Amazon, yet is a good film). BB seem to forget the great films that people still like to watch now and then. It's a shame. They might like to try a video delivery service for those without cars? Anyway, they have to stay. PLEASE!!!”