Blockbuster latest chain to go into administration (From News Shopper)
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Blockbuster latest chain to go into administration
2:52pm Wednesday 16th January 2013 in Bexley By Heloise Wood
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.
What are your thoughts on the retail problems hitting high streets in the News Shopper areas? Call the newsdesk on 01689 885 721 or tweet @Newsshopper
Comments(19)
the wall
says...
3:57pm Wed 16 Jan 13
Staggering it lasted out for so long. They have been slipping down since 2010. They do have some rather prominent sites.
That's a lot more high st space to be taken up by charity shops and pound shops. Too early for a short Christmas lease to someone selling poisonous decorations and illegal fairy lights though.
My mate's got an unpaid fine with Blockbuster at the moment, he'll be quite pleased.
WH Smiths next????
Erith chap
says...
4:20pm Wed 16 Jan 13
the wall
says...
4:31pm Wed 16 Jan 13
Erith chap wrote:I think not.
I think they can blame Love Film and Netflix for this.
Maybe if BB moved with the times this would not of happened.
The only people to blame are management.
Dartbored
says...
4:52pm Wed 16 Jan 13
the wall wrote:WH Smiths must surely be struggling and I think Robert Dyas might also be in trouble.
Once Bob died the other year the writing was on the wall.
Staggering it lasted out for so long. They have been slipping down since 2010. They do have some rather prominent sites.
That's a lot more high st space to be taken up by charity shops and pound shops. Too early for a short Christmas lease to someone selling poisonous decorations and illegal fairy lights though.
My mate's got an unpaid fine with Blockbuster at the moment, he'll be quite pleased.
WH Smiths next????
They both fall under the category of "can I buy what they sell somewhere else but cheaper?"
Ironically, Dartford High Street has been in so much decline over the years that we've hardly any of the big chains left - so all these recent chains closing won't actually make a difference and we could actually end up with more shops than the "nicer" high streets.
Maybe Dartford Borough Council foresaw this happening and this has been all part of their masterplan...!
PaulErith
says...
5:21pm Wed 16 Jan 13
Dartbored wrote:Agreed about WH Smiths. What about Boots? Another big company but I'm not sure there's much they sell that can't be bought cheaper.
the wall wrote: Once Bob died the other year the writing was on the wall. Staggering it lasted out for so long. They have been slipping down since 2010. They do have some rather prominent sites. That's a lot more high st space to be taken up by charity shops and pound shops. Too early for a short Christmas lease to someone selling poisonous decorations and illegal fairy lights though. My mate's got an unpaid fine with Blockbuster at the moment, he'll be quite pleased. WH Smiths next????WH Smiths must surely be struggling and I think Robert Dyas might also be in trouble. They both fall under the category of "can I buy what they sell somewhere else but cheaper?" Ironically, Dartford High Street has been in so much decline over the years that we've hardly any of the big chains left - so all these recent chains closing won't actually make a difference and we could actually end up with more shops than the "nicer" high streets. Maybe Dartford Borough Council foresaw this happening and this has been all part of their masterplan...!
The only shops that will be left on the high street in a couple of years will be hair dressers, nail shops and probably some clothes shops as a lot of people still like trying things on. Everything can be bought cheaper online.
the wall
says...
5:26pm Wed 16 Jan 13
PaulErith
says...
5:46pm Wed 16 Jan 13
the wall wrote:I know they're doing ok at the moment, but I don't really see what their usp is, and wonder if they'll go the same way.
In 2011/12 boots delivered a double digit growth in trading profit.
Gypo.Joe
says...
8:40pm Wed 16 Jan 13
Times change and with it peoples habits.
goldenbroomboy
says...
9:43pm Wed 16 Jan 13
Erith chap wrote:I would add CEX to that list.
I think they can blame Love Film and Netflix for this.
FTR, in my experience Blockbuster staff tended to be from ethnic minorities, but were always pleasant & spoke in a form of English that I could understand. CEX staff IME tend to be silly kids with megatwonk hairstyles talking in an incomprehensible street slang that I cannot understand & giving the impression that their customers are a nuisance.
ron.1952
says...
9:50pm Wed 16 Jan 13
Ronny.
ron.1952
says...
9:52pm Wed 16 Jan 13
To much Chardonnay me thinks.
Ron x
Tip-Top
says...
8:29am Thu 17 Jan 13
I think Superdrug will go before boots.
A lot of the high streets in the area are awful!!
Dartbored
says...
12:27pm Thu 17 Jan 13
Whilst many more chains will shut down, I don’t think physical shopping is quite as doomed as everyone makes out. People will always like to browse and make impulsive purchases and there will always be things you need to buy that are needed the same day – if my kid has had a good school report then we may go grab some lunch and then he can look through some toys before picking his reward – that just doesn’t work with online shopping.
Most of the big chains have been guilty of sleepwalking through the online/budget revolution and simply haven’t adapted quick enough. People are more canny with their money these days and expect a better service…was anyone surprised that Comet – with their (generally) thick staff and overinflated prices – went to the wall?
People are still flocking to Bluewater as customers enjoy the whole shopping & restaurant experience (along with free parking) – I’m clearly in a small minority because as much as the shops are nice I find eating at Bluewater a strangely detached and soulless experience. I’ve never had a meal there and walked away thinking I’d had a lovely night..it’s always just been “ok”. Give me a proper restaurant, on a high street, anytime.
Blockbusters? I’ll have a P45 please Bob.
Gypo.Joe
says...
12:39pm Thu 17 Jan 13
Just how many restaurants and 'pund' stores can the old high streets sustain though. Time will tell.
Inspirationalady28
says...
12:45pm Thu 17 Jan 13
Erith chap
says...
2:10pm Thu 17 Jan 13
goldenbroomboy wrote:Yeah, CEX staff are usually young, 'out there' lads, but they know their stuff, and when you can buy a DVD for 3 quid at CEX rather than rent it for a night for 4 quid at Blockbusters, you might end up with quite a large DVD collection.
Erith chap wrote: I think they can blame Love Film and Netflix for this.I would add CEX to that list. FTR, in my experience Blockbuster staff tended to be from ethnic minorities, but were always pleasant & spoke in a form of English that I could understand. CEX staff IME tend to be silly kids with megatwonk hairstyles talking in an incomprehensible street slang that I cannot understand & giving the impression that their customers are a nuisance.
goldenbroomboy
says...
2:58pm Thu 17 Jan 13
Dartbored wrote:Hopefully your local store is the rule, & mine is the exception!
Funny you should mention CEX Broomboy, I went into one for the 1st time the other day and I liked the place. It had the feel of HMV, helpful staff but with products that were more ebay prices than HMV prices. Maybe I was just lucky :-) Whilst many more chains will shut down, I don’t think physical shopping is quite as doomed as everyone makes out. People will always like to browse and make impulsive purchases and there will always be things you need to buy that are needed the same day – if my kid has had a good school report then we may go grab some lunch and then he can look through some toys before picking his reward – that just doesn’t work with online shopping. Most of the big chains have been guilty of sleepwalking through the online/budget revolution and simply haven’t adapted quick enough. People are more canny with their money these days and expect a better service…was anyone surprised that Comet – with their (generally) thick staff and overinflated prices – went to the wall? People are still flocking to Bluewater as customers enjoy the whole shopping & restaurant experience (along with free parking) – I’m clearly in a small minority because as much as the shops are nice I find eating at Bluewater a strangely detached and soulless experience. I’ve never had a meal there and walked away thinking I’d had a lovely night..it’s always just been “ok”. Give me a proper restaurant, on a high street, anytime. Blockbusters? I’ll have a P45 please Bob.
Possibly your local store employs people who actually want the job, whilst mine employs students earning beer money? Digressing slightly, whilst building managers tend to prefer Joanna Lumley soundalikes who are studying for degrees as FOH receptionists, IME these posh girls make poor receptionists since they have no interest in the job & prefer to jaw jaw. Better receptionists tend to be working class girls with a background in service industries.
Sabstar
says...
10:26pm Sat 19 Jan 13
goldenbroomboy wrote:I'd like to think that CEX staff are rather hit or miss. I actually work in a CEX myself (and no surprises, I'm one of those 'out there' looking university students), but I love my job and I can assure you none of my wages are used as 'beer money'. I'd like to think I'm as polite and insightful as I can be, but unfortunately I can't really say the same for some of the other staff. I've had some ridiculous emails and stock from other stores - but I won't go into that. Sorry that you have had a partciularly bad experience. We're not all that bad! :)
Dartbored wrote:Hopefully your local store is the rule, & mine is the exception!
Funny you should mention CEX Broomboy, I went into one for the 1st time the other day and I liked the place. It had the feel of HMV, helpful staff but with products that were more ebay prices than HMV prices. Maybe I was just lucky :-) Whilst many more chains will shut down, I don’t think physical shopping is quite as doomed as everyone makes out. People will always like to browse and make impulsive purchases and there will always be things you need to buy that are needed the same day – if my kid has had a good school report then we may go grab some lunch and then he can look through some toys before picking his reward – that just doesn’t work with online shopping. Most of the big chains have been guilty of sleepwalking through the online/budget revolution and simply haven’t adapted quick enough. People are more canny with their money these days and expect a better service…was anyone surprised that Comet – with their (generally) thick staff and overinflated prices – went to the wall? People are still flocking to Bluewater as customers enjoy the whole shopping & restaurant experience (along with free parking) – I’m clearly in a small minority because as much as the shops are nice I find eating at Bluewater a strangely detached and soulless experience. I’ve never had a meal there and walked away thinking I’d had a lovely night..it’s always just been “ok”. Give me a proper restaurant, on a high street, anytime. Blockbusters? I’ll have a P45 please Bob.
Possibly your local store employs people who actually want the job, whilst mine employs students earning beer money? Digressing slightly, whilst building managers tend to prefer Joanna Lumley soundalikes who are studying for degrees as FOH receptionists, IME these posh girls make poor receptionists since they have no interest in the job & prefer to jaw jaw. Better receptionists tend to be working class girls with a background in service industries.
As for the original content of this article - I agree that the blame lays heavily on online retail. Why go out shopping and fight a crowd when you can sit at home and buy all your shopping online (on a handheld device, even), for a cheaper price (a majority of the time), then have it delivered to your door for free or next to nothing? Then what do people do when they're done with it? They sell it to whoever can pricematch a trade-in price the best, or sell privately. This is exactly why these companies are going under.
Erith chap says...
3:19pm Wed 16 Jan 13