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.


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.”


Other News Stories

40 minutes ago
The proposed hotel in Westward Ho!

Planning inspector overturns Torridge District Council decision to refuse ‘in principle’ plans for 15-bed ‘Whotel’

Read more
Could Eleanor Grant's song In Your Arms be a Christmas number one?

Teenage singer’s song for new animated movie about the Louisa lifeboat launch makes its bid for festive chart success

Read more
Plans for the lower High Street corner entrance of Green Lanes shopping centre, Barnstaple

Entrance to shopping centre could be drastically modernised if owners’ plans are given the green light

Read more
Emma Perry from Children's Hospice South West, John Cockram and Leo Cooper from North Devon Hospice. Picture: Elliot Anderton

Christmas trees have been donated to two hospices in North Devon.

Read more
Abi Calvert and Darcy Baldock at the Ilfracombe Lighting of the Lights.

‘Best crowd in years’ as thousands gather to kick off ‘combe’s Christmas

Read more
Get your panto tickets on Black Friday

Get a special Black Friday discount to see Cinderella at the Queen’s Theatre

Read more
Yesterday, 17:35
North Devon MP Peter Heaton-Jones

Peter Heaton-Jones says the Autumn Statement ‘kept giving good news’

Read more
Yesterday, 16:02
Is there cash for the North Devon Link Road?

North Devon will be able to bid for a share of a £475m transport pot

Read more
Yesterday, 15:00

North Devon and Torridge District councils are on track to put their joint plan for the future of the two districts into action by May 2016.

Read more

Christmas in North Devon

Christmas in North Devon

Christmas Magazine

Click here for your ultimate guide to
Christmas in North Devon

Local Weather



max temp: 12°C

min temp: 11°C

Most Read News

Great British Life

Great British Life

Useful Links

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

Family Notices 24

Read Online

Read the North Devon Gazette e-edition E-edition

Search for a job in Devon

Local business directory

North Devon's trusted business finder

Find planning applications