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

10:29 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

15:29

A surprise extra trio brings the iconic ‘I’d rather be in North Devon’ fleet up to five

Read more
12:36

Beach operators have revealed the mystery behind strange black patches which have appeared on Saunton Sands.

Read more

Police have released pictures of Bideford mugging which took place in Honestone Street - can you help identify the two suspects?

Read more

An ex-fire fighter from South Molton is speaking out about mental health and living with paranoid schizophrenia, as part of our Let’s Talk About It campaign.

Read more
Yesterday, 17:51

Police call for victims to come forward after 21-year-old had to be carried home unconscious after just three drinks...

Read more
Yesterday, 15:21

Police are looking for information regarding the assault, which occurred on Sunday.

Read more
Yesterday, 12:33

The centre’s owners have said there are ‘several interested parties’ for the former BHS store and are working to keep Topshop ‘within Green Lanes’.

Read more
Yesterday, 10:00

Transformation of old quarry with hotel, holiday lodges and new nature reserve could create more than 100 new jobs

Read more
Yesterday, 09:38

Find a Macmillan World’s Biggest Coffee Morning event near you this week

Read more

Local Weather

Partly Cloudy

Partly Cloudy

max temp: 16°C

min temp: 11°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

HOT JOBS

Show Job Lists

Local business directory

North Devon's trusted business finder

Find planning applications