max temp: 7°C

min temp: 3°C


UK: Jobs fears as Blockbuster collapses

17:57 16 January 2013

A Blockbuster video store in London

A Blockbuster video store in London

DVD and video games rental firm Blockbuster UK has gone into administration, putting more than 4,000 jobs at risk.


Administrators Deloitte said the collapse was driven by competition from internet firms and digital streaming of movies and games.

The Uxbridge-based business trades from 528 outlets employing 4,190 staff.

Blockbuster will continue to accept gift cards and credit bought through its trade-in scheme for second-hand movies and games, as well as operating its loyalty scheme.

The collapse comes a day after music and entertainment retailer HMV, hit the rocks, with more than 4,000 jobs under threat.

Deloitte stressed Blockbuster’s core business was profitable and it would be looking for a rescue deal for all or part of the business as a going concern.

More than 8,000 retail jobs have been put at risk during the last two days alone in a bleak week for Britain’s high street.

Deloitte said around 66 people are employed across Blockbuster stores in the region, and average around five a store.

They include three Ipswich stores in Felixstowe Road, St Matthews Street and Woodbridge Road, and others at Felixstowe, Colchester, Clacton-on-Sea, Lowestoft, Mildenhall, Newmarket, Saffron Walden, Stowmarket and Thetford.

Joint administrator Lee Manning 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.”


1 comment

  • Terrible news for employees and shareholders but an inevitable consequence of changing technology and ways of doing business. The same happened to farriers and smiths when horse drawn canal boats and coaches were replaced by motor cars, steam trains and diesel powered omnibuses but it is the speed of change that is the most difficult to get to grips with.

    Report this comment

    Steve Blake

    Wednesday, January 16, 2013

Undated handout photo issued by ITV of Kieron Dyer who has been revealed as one of the contestants for I'm A Celebrity ... Get Me Out Of Here! 2015. PRESS ASSOCIATION Photo. Issue date: Tuesday November 10, 2015. Also among the 10-strong line-up is Diana Princess of Wales biographer Lady Colin Campbell, fashion guru Susannah Constantine, Spandau Ballet's Tony Hadley, TV personality Yvette Fielding, X Factor choreographer Brian Friedman and Union J's George Shelley. See PA story SHOWBIZ Celebrity. Photo credit should read: ITV/PA Wire

NOTE TO EDITORS: This handout photo may only be used in for editorial reporting purposes for the contemporaneous illustration of events, things or the people in the image or facts mentioned in the caption. Reuse of the picture may require further permission from the copyright holder.

Kieron Dyer was given a rare night of luxury after winning a stay at the Jungle Boutique Hotel, but tensions are running high in the I’m a Celebrity Get Me Out of Here camp.

East Anglian Air Ambulance

The A134 at Assington is closed in both directions due to a serious single-vehicle crash.

Humber Doucy Lane, Ipswich.

A couple aged in their 70s were injured during a robbery at an Ipswich home.

Izzy Alder

An 18-year-old woman who failed to arrive at school today has been found.

The Lighthouse project in Ipswich is celebrating its 40th anniversary.Ali Jordan and Ursula Burrows in a meeting.

There is a collage on the wall of messages from women who have been helped by Lighthouse Women’s Aid in Ipswich, formerly known as Ipswich Women’s Aid.

The police investigation centre in Martlesham.

One woman was taken to hospital and 20 other people into police custody today after they were discovered in a lorry container.

Chancellor of the Exchequer George Osborne leaves the Treasury in London for the House of Commons, where Osborne will deliver his Autumn Statement. PRESS ASSOCIATION Photo. Picture date: Wednesday December 3, 2014. See PA story BUDGET Main. Photo credit should read: Hannah McKay/PA Wire

Chancellor George Osborne will declare a crisis in home ownership as he unveils a raft of measures he claims will see 400,000 new homes built across England.

Government cuts could make the regular inspection of our waterways harder

This Government has been very keen to talk up its “difficult choices”.

Abellio Greater Anglia has warned that the services are expected to be disrupted until 7pm.

Trains between Norwich and London Liverpool Street may be delayed by up to 40 minutes.

Christmas shoppers at Tower Ramparts - soon to become Sailmakers

When are your favourite Suffolk stores open in the days before Christmas, over the bank holidays and during the New Year period?

Most read

Most commented

Topic pages

Local business directory

Suffolk's trusted business finder

Property search

e.g. Oxford or NW3
Powered by Zoopla

Digital Edition

Read the Ipswich Star e-edition today E-edition

Great British Life

Great British Life
MyDate24 MyPhotos24