You can trust VideoGamer. Our team of gaming experts spend hours testing and reviewing the latest games, to ensure you're reading the most comprehensive guide possible. Rest assured, all imagery and advice is unique and original. Check out how we test and review games here
At least 160 Blockbuster stores will close as part of joint administrator Deloitte’s efforts to reduce the DVD rental firm to a profitable core which can be sold.
The closures include 31 stores which Blockbuster management had planned to close prior to administration, plus an additional 129 stores.
The locations of store closures are yet to be revealed, but expect closing down sales before the shutters come down.
Sadly, further closures may also be on the cards.
“The Joint Administrators continue to review the profitability of the store portfolio and announcements of further closures may be made in coming weeks,” Deloitte said.
Regarding the confirmed closures, Lee Manning, joint administrator, commented: “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.”
Source: deloitte.com
About the Author
