Don't miss a story sign up to the North Devon Gazette's FREE daily newsletter CLICK HERE

Barnstaple Blockbuster escapes first round of cuts

PUBLISHED: 10:29 22 January 2013 | UPDATED: 10:31 22 January 2013

The Barnstaple Blockbuster store in North Walk.

The Barnstaple Blockbuster store in North Walk.

Archant

Administrators reveal stores to close in the coming weeks, but North Devon’s only store is not among them.

THE Barnstaple Blockbuster store is not facing immediate closure in the wake of the movie rental giant going into administration.

The administration of Blockbuster UK was announced on Wednesday and on Saturday administrators Deloitte released a list of 129 stores that would initially close.

The Barnstaple store on North Walk is not among them, but joint administrators appointed by Deloitte have said more closures may happen in the coming weeks as they continued to review the remaining stores.

The DVD and video game rental chain had 528 stores across the UK employing 4,190 staff. The 129 stores announced on Saturday join an additional 31 already on notice for closure.

In recent years Blockbuster had faced increased competition from the internet with the shift to digital streaming of movies and games.

“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,” said joint administrator Lee Manning.

“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.”

0 comments

Other News Stories

9 minutes ago

A Barnstaple charity is training clients to use naxolene, a emergency, life-saving drug which can reverse the effects of heroin in the event of an overdose.

Read more
Yesterday, 15:37

Both Peter Heaton-Jones and Geoffrey Cox were in the House of Commons at the time of the incident

Read more
Yesterday, 14:56

Police say a stranger tried to lure an 11-year-old into a car at Chulmleigh and then tried to garb her

Read more
Yesterday, 11:43

First time offenders could avoid conviction as part of GPS Pathfinder, a new scheme being rolled out by Devon and Cornwall Police in June

Read more
Yesterday, 11:40

Fire fighters were called out to flooded properties in South Molton this morning (Wednesday).

Read more
Yesterday, 10:52

Head to Bideford Quay this weekend to get your car washed for charity.

Read more
Tue, 16:30

Plans for a £10m retail park on the outskirts of Barnstaple will be submitted to council planners shortly

Read more
Tue, 12:43

Signage has appeared the former Mothercare unit in Green Lanes for building society Nationwide.

Read more
Tue, 12:39

Volunteers, businesses, council staff and supporters heleped zap away the grime from Ilfracombe’s High Street on Sunday

Read more
Tue, 11:41

Police are appealing for witnesses to the assault in Litchdon Street which left a man with a black eye.

Read more

Local Weather

Partly Cloudy

Partly Cloudy

max temp: 5°C

min temp: 1°C

Most Read News

Useful Links

Advertise in the paper
Submit a Story
Subscribe to the paper
Competitions
North Devon Football League
Order Photos
Family notices
iwitness24
Facebook
Twitter
Google Plus Page
Reader Travel

Family Notices 24

Read Online

Image
Read the North Devon Gazette e-edition E-edition

Newsletter Sign Up

Sign up to receive our regular email newsletter
HOT JOBS

Show Job Lists

Local business directory

North Devon's trusted business finder

Find planning applications