National chain Blockbuster to close two Cumbrian shops
Last updated at 12:21, Monday, 18 November 2013
Two Cumbrian branches of struggling DVD rental chain Blockbuster are to close.
The shops on Old Raffles Parade in Carlisle and Murray Road, Workington, are among the latest wave of 72 stores that the company – struggling in administration – is set to close across the UK.
Staff at both stores are understood to have been told about the losses.
It is not yet known how many jobs will be lost.
The closures mean Blockbuster, which also has outlets in Penrith and Whitehaven, will lose about a quarter of its 264 UK outlets and 2,000-strong workforce.
This is the second time it has gone into administration this year. The firm has struggled to deal with competition from supermarkets and the rise of online rentals.
Administrators Moorfields Corporate Recovery said in a statement: “Over the past few days our focus has been to assess the financial situation of Blockbuster in order to try and find a buyer for the business.
“As part of this process, we are regretfully announcing the closure of 72 stores across the United Kingdom and the loss of 452 jobs.
“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.”
They also said organisations were interested in buying parts of the business and that they hoped to issue a statement on this within the next week.
Blockbuster’s store in Annan closed during an earlier wave of shutdowns in January.
The High Street unit it once occupied has now been filled by a discount retailer.
First published at 11:51, Monday, 18 November 2013
Published by http://www.newsandstar.co.uk
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