Bath's Blockbuster safe as DVD rental chain to close 160 shops
Bath’s Blockbuster store is safe after another round of closures.
The joint administrators for the DVD rental chain have announced that another 164 stores will be closing but the Bath store, on Twerton High Street, will remain open.
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Blockbuster
Staff in the stores affected by the closures will be facing redundancy.
Blockbuster went into administration last month and administrators Deloitte quickly announced the closure of 160 stores.
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The company has said the remaining 204 stores will continue to trade as usual whilst administrators progress negotiations with bidders.
Lee Manning, from Deloitte, said: “We have continued to review the performance of individual stores since our appointment a month ago and have concluded that further closures are necessary in order to restructure the company for sale.”
Clothing chain Republic, which has a store in SouthGate, has also announced that it has gone into administration.
The company, which has 121 stores and 2,500 staff, said it had appointed accountants Ernst and Young.
The administrators said they had made 150 staff at the firm's head office in Leeds redundant but all of its stores would remain open for business.
4 Comments
by 26sean
Thursday, February 14 2013, 8:46AM
“You will find that not all of the staff have kept they jobs
@ Imp-act
welll what can i say apart from go and read a good book”
by Wilts_Driver
Wednesday, February 13 2013, 8:02PM
“How nice that some see redundancy as a platform for their "witty" comments. Personally, I'm pleased to hear that those employed in the Twerton store will retain their jobs for the present.”
by Imp-Act
Wednesday, February 13 2013, 4:34PM
“Films? Na! Not that interested (most are 99.9% garbidge)! I'd rather read a good book! So it could still be Blockbusted and it wouldn't make any diferents to me!”
by joejohn
Wednesday, February 13 2013, 2:45PM
“AMAZON LOVE FILM FOR ME EXCELLENT SERVICE”