max temp: 11°C

min temp: 8°C

ESTD 1874 Search

UK: Blockbuster staff face redundancy as administrators axe 164 more stores

12:53 13 February 2013

Another 164 Blockbuster stores are to clsoe, it was announced today

Another 164 Blockbuster stores are to clsoe, it was announced today

THE administrators of DVD and computer games rental chain Blockbuster plan to close a further 164 stores.


But the Blockbuster branches in Suffolk and north Essex which survived an initial round of closures last month have again escaped, at least for the time being.

The joint administrators, from accountancy firm Deloitte, said the decision to closure more stores was “a result of an ongoing review of the portfolio and discussions with landlords and interested parties”.

They game no time-scale for the closures other than that they would take place “over the coming weeks”.

“There will be a number of closing down promotions across the stores to supplement those already on offer across the estate,” Deloitte’s statement added.

“The remaining stores will continue to trade as usual whilst administrators progress negotiations with bidders.”

The administrators announced within days of their appointment in mid-January that 129 of Blockbuster’s original portfolio of 528 outlets were to close.

Among the stores identified for closure were the Woodbridge Road and St Matthew’s Street branches in Ipswich and those in Ipswich Street, Stowmarket, and Gold Street, Saffron Walden.

The Ipswich branch in Felixstowe Road, together with other Blockbuster stores in Colchester, Felixstowe, Clacton-on-Sea, Mildenhall, Lowestoft, Newmarket and Thetford escaped that round of closures and a spokesman for Deloitte said today that none of these outlets was on the latest list either.

Deloitte confirmed that staff in the stores affected by the closures would face redundancy and said a an employee helpline was in place, alongside a programme to help those the employees affected find alternative jobs. It did not specify the number of staff likely to be affected, but Blockbuster stores are thought to have an average of around five employees.

The firm added that standard rental terms and conditions remained in place and that customers would be notifed in advance of closures so that they had time to return outstanding rental items.

Lee Manning, joint administrator, said: “We have continued to review the performance of individual stores since our appointment a month ago and have concluded that further closures are necessary in order to restructure the company for sale.

“We would like to thank the Company’s employees for their support and professionalism during this difficult time and we are also grateful for the continued support of customers.

“We are in discussions with a number of parties interested in purchasing all or parts of the business and will update on progress in due course.”

Related articles



Amazon associates picking and packing customer orders at the Amazon fulfilment centre at Hemel Hempstead, Hertfordshire. Photo:  Nick Ansell/PA Wire

Shoppers are expected to spend almost £1billion online as retailers unleash another set of bargain deals on Cyber Monday.

Ian White, managing director at Beckett Financial Services.

Beckett Financial Services has been ranked as one of the UK’s top 100 independent financial advisers by industry magazine New Model Adviser.

Josh Eames and Ryan Scillitoe of Perrywood Garden Centre and Nurseries in Tiptree who have have raised more than £5,000 for charity through a 1,000-mile cyclinge challenge.

Josh Eames and Ryan Scillitoe from Perrywood Garden Centre and Nurseries in Tiptree have raised more than £5,000 for charity through a 1,000 mile cycle challenge.

The Leading Lives team receive their tropy at the Social Enterprise UK Awards in London.

Ipswich-based Leading Lives has been named Health and Social Care Social Enterprise of the Year at the Social Enterprise UK Awards.

The Hot Off The Press premises inTacket Stret, Ipswich, which the company has vacated after 25 years.

A printing company which has operated from the centre of Ipswich for 25 years has relocated – to a purpose-built log cabin in the owner’s garden.

Elaine and Nigel Bowen of Vanguard Communications.

Two businesses which receive support from Suffolk enterprise agency Menta have received Small Business Sunday awards from entrepreneur and former BBC Dragons’ Den star Theo Paphitis.

Wayne Seddon from The Bridge House in London receives his Adnams Pub of the Year award from chief operating officer Karen Hester.

Southwold-based Adnams has named The Bridge House, near London’s Tower Bridge, as its Pub of the Year.

Georgi Rollings, left, and Emma Lawrence of Starfish Accounting.

An Ipswich based provider of online company secretarial software has reached the landmark milestone of having 10,000 users.

Robert Hughes, managing director of Hughes Electrical, and Andy Yallop, store manager, at the company's new branch in Bury St Edmunds.

Hughes Electrical has opened the doors of its new store in Bury St Edmunds following a £200,000 investment which has also created six new jobs, doubling the size of its workforce in the town.

A file picture of the Sanofi factory in Haverhill.

More than 50 jobs are to be axed at the Haverhill site of pharmaceutical group Sanofi.

Most read

Most commented

Topic pages

Local business directory

Our trusted business finder

Property search

e.g. Oxford or NW3
Powered by Zoopla

Digital Edition

Read the East Anglian Daily Times e-edition today E-edition

Great British Life

Great British Life
MyDate24 MyPhotos24