Scarborough’s Blockbuster store ‘safe’ for now

Blockbuster logo

Blockbuster logo

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Scarborough’s Blockbuster store in Falsgrave Road is not among the 129 out of 528 set to close over the coming weeks as part of a phased closure.

The joint administrators to Blockbuster have today confirmed plans to close 129 stores in addition to 31 which had already been put on notice of closure.

During this time there will be a number of closing down promotions across the stores to supplement those already on offer across the estate.

The administrators will continue to review the profitability of the store portfolio and announcements of further closures may be made in coming weeks.

Stores will remain open for business as usual and customers will be notified in advance of closure so that they can return their outstanding rental items beforehand.

Lee Manning, Joint Administrator, added: “Having reviewed the portfolio with management, the store closure plan is an inevitable consequence of having to restructure the company to a profitable core which is capable of being sold.

“We would like to thank the company’s employees for their support and professionalism during this difficult time.

“We are also grateful to the customers for their continued support.”

Lee Manning, Matthew David Smith and Neville Kahn, partners at Deloitte, the business advisory firm, were appointed Joint Administrators to Blockbuster Entertainment Limited and Blockbuster GB Limited who trade as Blockbuster, the DVD and video games rental company on January 16.