Report Comment to a Moderator Our Moderators review all comments for abusive and offensive language, and ensure comments are from Verified Users only.
Please report a comment only if you feel it requires our urgent attention.
I understand, report it. Cancel


Blockbuster UK closing 72 stores

By Rachel Weber

Blockbuster UK closing 72 stores

Mon 18 Nov 2013 12:58pm GMT / 7:58am EST / 4:58am PST

452 staff cut as entertainment chain downsizes

Administrators for Blockbuster UK has confirmed that it will be closing 72 stores and laying off 452 employees.

"This has not been an easy decision to make and we acknowledge that, with Christmas on the horizon, this will be extremely upsetting news to a large number of people most of all those affected by the store closures," Moorfields Corporate Recovery told Sky News.

"We must reiterate that, as part of our attempts to turnaround the business, today's decision is necessary if parts of Blockbuster are to be saved and a buyer found."

The job losses affect around a quarter of the companies current workforce.

Back in May Blockbuster UK was bought by Gordon Brothers Europe, saving 2000 jobs.

Over in the US the American chain of stores recently confirmed it was closing all retail stores and distribution centres in the country.

From Recommendations by Taboola

Login or register to post

Take part in the GamesIndustry community

Register now