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Blockbuster latest chain to go into administration
BLOCKBUSTER is the latest high street firm to have hit the buffers adding to the retail woes of last week.
It was announced today (Jan 16) the DVD rental business had gone into administration and Deloitte has taken over the day-to-day running of the firm.
The company has 4,190 staff spread throughout 528 stores including a branch in Queensway, Petts Wood, a stone’s throw away from the News Shopper office
The retailer follows Jessops which went into administration on January 11 and HMV which did the same three days later.
Deloitte has reportedly said gift cards will be honoured, in a contrast to the controversy which arose when HMV refused to take gift vouchers.
A comment from Deloitte to follow.
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