Leicestershire jobs at risk after Blockbuster goes into administration
More Leicestershire retail jobs were put in jeopardy today after DVD and video rental chain Blockbuster went into administration.
The company, which continues to trade, employs more than 35 people at stores in Abbey Lane, Leicester; Narborough Road, Leicester; Beaumont Leys, Loughborough, Coalville, Melton and Market Harborough.
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In total, the group has 4,190 staff and 528 shops.
Blockbuster is the third major high street failure in a week after yesterday's collapse of entertainment chain HMV, which put 4,000 jobs at risk, including dozens at stores in Leicester and Loughborough.
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Last Friday saw the closure of Leicester-based camera retailer Jessops with the loss of 1,500 jobs, including 177 in Leicestershire. The company had plunged into administration two days earlier.
Lee Manning, joint administrator for Blockbuster and partner in Deloitte, said: "In recent years Blockbuster has faced increased competition from, internet based providers along with the shift to digital streaming of movies and games.
"We are working closely with suppliers and employees to ensure the business has the best possible platform to secure a sale, preserve jobs and generate as much value as possible for all creditors.
"The core of the business is still profitable and we will continue to trade as normal in both retail and rental whilst we seek a buyer for all or parts of the business as a going concern. During this time gift cards and credit acquired through Blockbuster's trade-in scheme will be honoured towards the purchase of goods."
Mr Manning said gift cards would still be accepted by the chain.
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