Latest in Gaming

Image credit:

Blockbuster UK cuts 72 stores as search for buyer continues

Sinan Kubba, @sinankubba
November 18, 2013
Share
Tweet
Share

Sponsored Links

Blockbuster UK faces 452 layoffs and 72 store closures, after company administrators announced "necessary" measures for the once-again bankrupt retail chain. Moorfield Corporate Recovery, the company tasked with finding another buyer for the struggling outlet, said it wasn't an easy decision to make ahead of the Christmas season.

"We must reiterate that, as part of our attempts to turnaround the business, today's decision is necessary if parts of Blockbuster are to be saved and a buyer found," Moorfield said in a statement provided to Sky News.

The cuts represent around a quarter of Blockbuster's employees and stores, removing another chunk of gaming's presence on the UK high street. Between them, GAME and HMV closed hundreds of stores and laid off thousands of employees after their own forays into administration last year.

The news follows the announcement that Blockbuster's US arm will close all 300 stores and end its retail and mail DVD operations in the country by January 2014.







All products recommended by Engadget are selected by our editorial team, independent of our parent company. Some of our stories include affiliate links. If you buy something through one of these links, we may earn an affiliate commission.
Comment
Comments
Share
Tweet
Share

Popular on Engadget

Watch OSIRIS-REx take a bite out of asteroid Bennu's surface

Watch OSIRIS-REx take a bite out of asteroid Bennu's surface

View
'Uncharted' set photos offer our first look at Tom Holland as Nathan Drake

'Uncharted' set photos offer our first look at Tom Holland as Nathan Drake

View
Jabra's ANC update for the Elite 75t earbuds is now available

Jabra's ANC update for the Elite 75t earbuds is now available

View
Garmin's new smartwatch lets streamers show real-time heart rates

Garmin's new smartwatch lets streamers show real-time heart rates

View
Amazon Echo (2020) review: Small in stature, mighty in sound

Amazon Echo (2020) review: Small in stature, mighty in sound

View

From around the web

Page 1Page 1ear iconeye iconFill 23text filevr