Blockbuster to close all remaining stores
Total of 91 outlets to shut down by Monday with 808 jobs to go
Blockbuster is to shut down all its remaining stores within days after administrators were unable to find a buyer for the rental and DVD chain.
The 91 outlets will cease operating by Monday, with the loss of 808 jobs. All remaining stock will be sold by Sunday with discounts of up to 90 per cent.
Blockbuster had 264 stores and a 2,000-strong workforce when it went into administration last month but these have now all disappeared as a series of phased closures were announced.
The remaining sites already looked doomed, after rentals ended at the weekend and administrators from Moorfields Corporate Recovery signalled last week that no acceptable offers had been received.
Blockbuster was rescued in March from an earlier administration by private equity group Gordon Brothers Europe, but has suffered poor trading across both rental and retail sales.
The business has been hit hard by competition from supermarkets, as well as the rise of online rentals.
Joint administrators Simon Thomas and Nick O'Reilly said: "It is with regret that we have to make today's announcement, we appreciate this is a difficult time for all concerned and would like to thank staff for their professionalism and support over the past month.
"Unfortunately, we were unable to secure a buyer for the group as a going concern and as a result had to take the regrettable action to close the remaining stores."
At the time of its initial collapse in January, Blockbuster had 528 stores in the UK employing 4,190 staff.
The brand has also suffered, under different ownership, in the United States, where the axe fell on 300 Blockbuster stores in October, leaving the once-dominant chain with just 50 franchised shops still open in the country.
- 4 Women think Irish men are the sexiest, survey finds
- 5 Florida couple forced to register as sex offenders for having sex on public beach
Italian police 'reveal' what Jesus looked like as a young boy
Who should I vote for in the general election? Take The Independent's interactive quiz to find out which party is the right choice for you
Florida couple forced to register as sex offenders for having sex on public beach
Mysterious 'X-Files' sounds heard miles above the Earth
Met Gala 2015: Jason Derulo falling over in epic fashion, the event's most talked about moment, wasn't what it seemed
In defence of liberal democracy
General Election 2015: Post-election 'shambles' looms as 70 per cent of voters say SNP 'should not be able to veto UK government policies'
The Rothschild Libel: Why has it taken 200 years for an anti-Semitic slur that emerged from the Battle of Waterloo to be dismissed?
General Election 2015: UK will be 'run for the wealthy and powerful' if Tories retain power, Labour warns
General election live: SNP suspends two members for disrupting Labour rally
Schools forced to act as 'miniature welfare states' with teachers buying underwear and even haircuts for poor pupils
iJobs Money & Business
£60000 - £70000 per annum + benefits : Ashdown Group: A highly successful, glo...
£25000 - £30000 per annum + benefits: Ashdown Group: A global leader operating...
£27 - 35k + Bonus + Benefits: Guru Careers: A Management Accountant is needed ...
£40-50k + Benefits.: Guru Careers: A Project Manager / Business Analyst is nee...