May 23, 2013

Blockbuster administration: over 120 stores to close

Blockbuster has confirmed that over 120 stores (out of 528) are to close and 760 staff out of 4190 are to be made redundant. The company’s administrators Deloitte indicated that the move has been made in order to ‘restructure the company to a profitable core’ that is capable of being sold.

According to Reuters, the store closures will be phased over the coming weeks.

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