Blockbuster closes more stores

By Ross Findon

Wednesday, February 13, 2013


UPDATED 16:32*

ADMINISTRATORS for Blockbuster have announced all the Isle of Wight stores are to close.

Deloitte said today (Wednesday) that Newport, Ryde and Shanklin stores would be closed, along with more than 160 others nationwide.

The remaining stores will continue to trade as usual while administrators negotiate with bidders.

Blockbuster Cowes was already set to close, however staff were originally told they would be moved to other stores.

A statement issued on behalf of Deloitte said: "Staff in the stores affected by the closures will be facing redundancy.

"A dedicated employee helpline is in place and the company is running an employee assistance programme to help those staff facing redundancy find other jobs.

"Closing stores will remain open for business as usual and customers will be notified in advance of closure so that they can return their outstanding rental items beforehand.

"The standard rental terms and conditions remain in place during this time."

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."

Each Blockbuster employs on average five staff, however exact figures were not available, according to a spokeswoman.


More News

1 - 2 - 3 - 4


Log-in or register to comment on this story. See our House Rules here.

By ticking "Remember me" you agree to a cookie being stored on your computer - no personal data is shared.

Forgotten your password?

Any views or opinions presented in the comments above are solely those of the author and do not represent those of the Isle of Wight County Press.

Most Read

  1. War mine detonated off Bembridge

    Friday, November 27, 2015

  2. Castle beats its £1m guide price

    Saturday, November 28, 2015

  3. Train services suspended

    Friday, November 27, 2015

  4. Road closed due to emergency repairs

    Friday, November 27, 2015

  5. Festival organisers' delight at awards success

    Friday, November 27, 2015

View our Elgin Traffic & Travel Map
Travel News Sponsor