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

45 minutes ago

Have fun but steer clear of trouble and drink driving, North Devon inspector warns festive party-goers

Read more
Yesterday, 09:00

Find out when Santa will be visiting Bideford, Barnstaple, Torrington, Northam, Appledore, Fremington, Yelland and Braunton.

Read more
Fri, 19:43

Guest had to break glass with his bare feet and barely escaped alive with his young son after Europa fire that revealed ‘a number of failings’

Read more
Fri, 16:35

Police are appealing for information after a woman in her 60s had to be cut from her car at junction of Abbotsham Road and Belvoir Road.

Read more
Fri, 16:00

The tractor, which still works today, was first bought in 1954 and is the inspiration behind a series of children’s books.

Read more
Fri, 14:51

Bishop Sarah Mullally visits centre as part of a three day tour of North Devon

Read more
Fri, 12:29

The force has confirmed it is investigating allegations in Devon and Cornwall of child sex abuse within football.

Read more
Fri, 12:12

A hearing will run next week in Northam to determine the future of Westward Ho! village green on Golf Links Road.

Read more
Fri, 10:43

School goes from ‘requires improvement’ to ‘good’ in just two years

Read more
Fri, 10:25

Find out what time the Christmas lights will be switched on in Bideford on Sunday, and what else you can expect throughout the day.

Read more

Local Weather

Overcast

Overcast

max temp: 5°C

min temp: 4°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