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Administrators for Blockbuster issue store closure list

Administrators for collapsed entertainment retailer Blockbuster have announced that 72 of the retailer’s 264 stores will close.

GENERAL MERCHANDISE

Administrators for Blockbuster issue store closure list

Administrators for collapsed entertainment retailer Blockbuster have announced that 72 of the retailer’s 264 stores will close.

Moorfields Corporate Recovery has issued a full list of stores set for closure and confirmed the loss of 452 jobs.

The remaining Blockbuster stores will remain open while the administrators look to sell the business as a going concern.

Joint administrators Simon Thomas and Nick O’Reilly said: “The decision to close some stores has not been taken lightly, however the remaining stores remain open for business and we are continuing to market the business for sale as a going concern. Currently we are offering attractive discounts which are generating additional sales.

“We want to be as open and transparent as possible throughout this process and will hopefully be in a position, within the next 7 days, to provide staff and customers with another update very shortly.”

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