Blockbuster

Type
Bankruptcy
Country
United Kingdom
Region
Location of affected unit(s)
Sector
Adminstrative / Support Services
77 - Rental and leasing activities
77.2 - Rental and leasing of personal and household goods
77.22 - Rental and leasing of other personal and household goods
800 jobs
Number of planned job losses
Job loss
Announcement Date
13 February 2013
Employment effect (start)
Foreseen end date

Description

Blockbuster has announced plans to close 164 stores resulting in the loss of about 800 jobs. The company went into administration last week because of fierce competition by online DVD rental providers. Administrators are trying to find buyers for the remaining stores.

Sources

  • 13 February 2013: BBC News

Citation

Eurofound (2013), Blockbuster, Bankruptcy in United Kingdom, factsheet number 75039, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/75039.