Blockbuster to close more stores. Four Blockbuster stores to shut. Blockbuster to close 72 stores. Blockbuster back in administration. Blockbuster originally went bust in January Blockbuster's parent company has been closing stores in the US. Before its troubles began, Blockbuster had stores. It was understood that employees were being informed of the job losses on Thursday morning. In a statement, the administrators said: "This has not been an easy decision to make and we acknowledge that, with Christmas on the horizon, this will be extremely upsetting news to a large number of people, most of all those affected by the store closures.
Since its previous rescue from administration by private equity group Gordon Brothers Europe in March, it has had poor trading across both rental and retail sales, the statement said. At the time of its initial collapse in January , Blockbuster had stores in the UK employing 4, staff.
The firm announced at the end of last month that it was to go into administration again and did so on Monday, having failed to find a buyer in the meantime. The old Blockbuster Entertainment, Inc - its old trading name - filed for bankruptcy a bit earlier in the United States in The American side of the business was bought by TV provider Dish Network which started dismantling it, permanently shutting down 1, stores in the following year.
BACK in , a new Blockbuster store opened every 17 hours according to reports. So where did it all go wrong? A few stores were allowed to continue trading under a new firm called Blockbuster LLC in the US, but alas they didn't thrive.
Store manager at the last ever store in Bend recently told CNN how the computers in the store still run with a floppy disc. She said: "It's very nostalgic. We have a bunch of year-olds working here - it's fun explaining to them what a floppy disk is. Harding puts the store's survival down to "good customer service" but admitted that streaming services did change the landscape of movie rental.
Even the ageing population and long, dark winters couldn't keep the branches open in Alaska. It's not clear whether this particular branch has survived because it's a franchise, but we've got to admit that we're not sure how much longer it can keep it's doors open.
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