Blockbuster administration - Exmouth store threatened?

PUBLISHED: 16:58 16 January 2013

**********

**********

Archant

Blockbuster goes into administration - a victim of the internet business.

MOVIE rental giant Blockbuster UK has gone into administration, it was announced today (Wednesday).

There is no information as yet on how individual stores – including the one in Exmouth - will be affected.

Partners at Deloitte have been appointed as joint administrators to Blockbuster Entertainment Limited and Blockbuster GB Ltd, which who trade as Blockbuster, the DVD and video games rental company.

The company has 528 stores across the UK employing 4,190 staff.

Lee Manning, joint administrator and partner in Deloitte’s Restructuring Services, said in recent years Blockbuster had faced increased competition from the internet with the shift to digital streaming of movies and games.

“We are working closely with suppliers and employees to ensure the business has the best possible platform to secure a sale, preserve jobs and generate as much value as possible for all creditors,” he said.

“The core of the business is still profitable and we will continue to trade as normal in both retail and rental whilst we seek a buyer for all or parts of the business as a going concern. During this time gift cards and credit acquired through Blockbuster’s trade-in scheme will be honoured towards the purchase of goods.”

Other News Stories

Yesterday, 12:00

Head nurse and practice manager at East Devon’s Raddenstiles Veterinary Surgery is taking on a 15,000 foot skydive, in which she will freefall for around two miles, to help abandoned and unwanted dogs find their new forever homes.

Read more
Yesterday, 06:55

A trio of fundraising events have been announced for this year in the build-up to 2019’s Budleigh Salterton Food and Drink Festival.

Read more
Saturday, January 20, 2018

Don’t miss this week’s gallery of readers’ photos.

Join in at iwitness24.co.uk and send us your East Devon pictures.

Read more
Saturday, January 20, 2018

Curator Neville Evans explained that many botanical gardens were closing and giving away their collections due to funding issues – despite their conservational value. He added that Bicton’s 300 year-old landscape was ‘pretty special’, with ‘plants here that you will never see anywhere else’.

Read more
Friday, January 19, 2018

Guest of honour Conrad Humphreys said: “I very much enjoyed the Exeter College awards evening and celebrating the success of the students.

“As a former student and rugby player at the college - I have very fond memories of my time there before heading off to sail around the world in the 1993/4 Whitbread.”

Read more
Friday, January 19, 2018

Our Devon quiz is back for another round!

Read more
Friday, January 19, 2018

Exmouth Town Council will be temporarily closed from January 29-30 while office equipment and phones are moved to its new home.

Read more
Thursday, January 18, 2018

Artist Anna Fitzgerald, of Seadog Gallery, in Gussiford Lane, Exmouth, is calling for a bra army of support; she needs 4,000 over-shoulder-boulder-holder donations for the display, which will celebrate the suffragette movement and women winning the right to vote.

Read more
Thursday, January 18, 2018

“We are going to find it very hard to balance our books without changing things significantly. We need teachers, but all the other things schools do – all the things that are not our statutory responsibility – we are looking at cutting. We are talking about the life chances of children being damaged,” said Exmouth’s Exeter Road head teacher Paul Gosling.

Read more
Thursday, January 18, 2018

There’s good news for Exmouth’s Famous Old Barrel pub, which has been closed since last October.

Read more

Local Weather

Overcast

Overcast

max temp: 12°C

min temp: 8°C

Most Read News

Useful Links

Advertise in the Paper
Submit a Story
Subscriptions Order
Competitions
Photo Orders
Family notices
iwitness24
Google Plus
Facebook
Twitter
Reader Travel


Read Online

Image
Read the Exmouth Journal e-edition E-edition

Newsletter Sign Up

Sign up to receive our regular email newsletter

Local business directory

Exmouth's trusted business finder

Show Job Lists


Find planning applications