More jobs at risk at crisis-hit Blockbuster stores

Wednesday 16 January 2013 Updated: 24/01 14:12

BLOCKBUSTER has become the second big chain store in Evesham to appoint administrators in a week.

Bosses from the UK arm of the business announced today (Wednesday) it had appointed Deloitte to take control of the company, putting at risk 528 stores including the one on the High Street. Around 4,190 jobs could be lost if the business can not be saved.

Lee Manning from Deloitte said: "In recent years Blockbuster has faced increased competition from, internet based providers along 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.

"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."

It comes just a week after Jessops fell into administration, subsequently closing just two days after on Friday (January 11). On Monday (January 14), music chain HMV also announced financial difficulties had led to it calling into administrators.

Share This

Popular »

1 Coldplay and Neil Young return

2 Linkin Park among latest releases

3 New River Festival promises perfect day

4 Small Business Start Up

5 Opinion split on proposed new taxi fares

More news »

Council tax on hold as police begin recruiting again

WEST Mercia Police will begin recruiting officers again

Young firefighter honoured in ceremony

A YOUNG firefighter has been honoured for making

Appeal set up as floods wreck cricket ground

THE CHAIRMAN of Evesham Cricket Club has turned

Bishop finds hope amidst Gaza suffering

THE BISHOP OF Worcester has spoken of his

Regional news »


Leamington Observer
Warwick district local plan set to go under microscope

THE FUTURE shape of Warwick district is set to go ...

Stratford Observer
Founder of Street Pastors to hit Stratford's streets

THE FOUNDER of the Street Pastors will join local volunteers ...

Redditch Standard
Most sites fail safety checks

THE MAJORITY of construction sites across Worcestershire have failed basic ...

Worcester Observer

Visit the Worcester Observer website for the latest.