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

Yesterday, 15:26
The A361 is currently closed between Portmore and Bishops Tawton. Picture: Andy Keeble

Traffic diverted as power company engineers work to restore power to properties

Read more
Yesterday, 13:13

Fire service called to blaze on road from Woods to Abbots Cross

Read more
Yesterday, 11:15
Charity founder Jane Howorth hopes someone will rehome their 500,000th hen.

British Hen Welfare Trust submits plans for new centre at South Molton

Read more
Yesterday, 11:11
Don't miss North Devon Foodfest. Picture: Steve Seatherton

Stands now available for the region’s biggest celebration of food and drink at Barnstaple Pannier Market

Read more
Mon, 15:25
Bideford clean up. Picture: Graham Hobbs

Second community ‘spruce up’ day is hailed a great success

Read more
Mon, 12:13

Police appeal for witnesses after teenager was assaulted twice in a week

Read more
Mon, 11:52
The high altitude balloon is launched at Caen School as pupils and staff look on. Picture: Contributed

A balloon launch has given pupils at Caen School in Braunton the chance to view the earth from 100,000 feet.

Read more
Mon, 09:00
North Devon Magistrates' Court.

The 47-year-old admitted what he said was ‘terrible’ and has cut back on his drinking ‘drastically’ since incident.

Read more
Mon, 09:00
Pecocks will be opening at Atlantic Village next week.

A brand new national clothing store is opening in Bideford this week.

Read more
Mon, 08:00
The new tourism and lifestyle building at Petroc.

A festival of learning at Petroc will highlight part-time courses and give people a chance to see the new building before it opens in September.

Read more

Local Weather

Partly Cloudy

Partly Cloudy

max temp: 14°C

min temp: 13°C

Most Read News

Great British Life

Great British Life

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