Blockbuster UK is entering its final days, with administrators confirming all remaining Blockbuster stores will be closed in the coming days.
Announcing that the 91 Blockbuster UK still trading will close their doors for the final time ahead of the Christmas period, administrators have confirmed that the retailer will sell off all of its remaining stocks by this Sunday, December 15.
“It is with regret that we have to make today’s announcement,” Simon Thomas and Nick O’Reilly of administrators Moorfields Corporate Recovery LLP said in a statement today.
Confirming that the final round of closures will result in 808 job losses, they added: “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.
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Blockbuster UK entered administration for the second time back in October of this year, with the former high street giant having succumbed to the pressures of declining media costs and the rise of online retailers and digital downloads.
Following this weekend’s final sales push, which will see all stock sold at up to 90 per cent off its regular sale price, all 91 remaining Blockbuster UK stores will be shut for good next Monday, December 16.
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Editorial independence means being able to give an unbiased verdict about a product or company, with the avoidance of conflicts of interest. To ensure this is possible, every member of the editorial staff follows a clear code of conduct.
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We also expect our journalists to follow clear ethical standards in their work. Our staff members must strive for honesty and accuracy in everything they do. We follow the IPSO Editors’ code of practice to underpin these standards.
