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

08:39
Winkleigh Airfield aircraft watch tower

A two-storey World War Two watchtower and parts of a secret wartime airfield are being auctioned for £35,500-£50,000 on September 22, along with its nine acres of land and several outbuildings.

Read more
Yesterday, 18:12
Bideford Hospital.

Health bosses announces plans for sessions in Hatherleigh, Lynton and Barnstaple

Read more
Yesterday, 14:12

Fire fighters rushed to flat in Marlborough Court, Bideford, where they found a woman trapped inside and smoke issuing from the building.

Read more
Yesterday, 14:04
Artist's impression of the completed Anchorwood Bank development

Firs stage of major Barnstaple development will be completed by Christmas 2016

Read more
Yesterday, 12:45
Natalie Jones lost her life in the collision near Knowle. Picture: Michelle Ley

A 30-year-old from Ilfracombe has been questioned by police following the fatal collision on August 21

Read more
Yesterday, 12:40

Three cars scratched in Springfield Road and another damaged in Bellaire

Read more
Yesterday, 09:18

Traffic is reportedly backed up after collision on the B3230 between the A39 and Muddiford Inn.

Read more
Thu, 21:03
Hundreds of people met in Barnstaple on Thursday evening to release purple balloons in memory of Katie Gammon, who died on Sunday. Picture: Andy Keeble

Family and friends line banks of the river to remember inspirational teen.

Read more
Thu, 20:06
Ilfracombe Carnival 2015

It’s carnival time as the town celebrates

Read more
Thu, 15:18
Visitors packed onto Woolacombe Beach yesterday afternoon (Tues).

Attraction owner says better weather next week comes at ‘critical time’ as school holidays draw to a close.

Read more

Local Weather

Partly Cloudy

Partly Cloudy

max temp: 18°C

min temp: 12°C

Most Read News

Great British Life


Great British Life

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

Digital Edition

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


North Devon's trusted business finder