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Blockbuster set to close further 164 stores

Greg Lockley
Blockbuster set to close further 164 stores

Deloitte, administrator for Blockbuster, has announced it is to close down an additional 164 of the brand's stores.

The latest closures are part of a wider phased closure plan, which has seen a total of 324 Blockbuster stores close their doors, leaving close to 200 stores.

Affected stores will continue to run closing down promotions in the meantime.

Deloitte has confirmed that remaining stores will continue to operate as normal whilst the administrator negotiates with potential buyers of the business.

However, the firm also confirmed that employees of the stores face redundancy.

Joint Administrator Lee Manning said in a statement: “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.”

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Tags: Retail, Stores, UK, deloitte, blockbuster, closures

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