Hot on the heels of Jessops and HMV, it looks like another mainstay of the UK high street is at risk of disappearing, as rumours swirl that Blockbuster UK is poised to enter administration.
Sky News reports that the DVD rental chain, which has over 500 shops across the country, has called in Deloitte -- the same firm that is overseeing HMV's administration and that managed Comet's closure last year.
"We are working closely with suppliers and employees to ensure the business has the best possible platform to secure a sale," Deloitte's Lee Manning is quoted as saying.
Over 4,000 jobs are said to be at risk, though Blockbuster will reportedly continue its rental and buying services for now. If you have vouchers or gift cards, Blockbuster plans on honouring them at the moment, apparently, which could help the chain avoid the ire of HMV customers who bought gift cards for Christmas.
Although I'm sure many readers will have fond memories of Blockbuster stomping all over local independent rental shops to become a part of UK life, it's not hard to see why the business has struggled in recent years, with iTunes, Netflix and others offering a cheaper, faster ways to rent and buy movies.
I've contacted Blockbuster UK for confirmation of the news, and we'll update this story and continue to report on the situation as it unfolds. For now let us know whether you use Blockbuster, and whether you'd miss the service if it vanished from the high street, by posting in the comments or on our Facebook wall.
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Comments 7
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anonymous 16 January, 2013 16:18
I'm surprised they still have high street shops!
Matt Tacchi 16 January, 2013 16:20
I am very sad indeed to see Blocky's go, I love our store. I used to love going in there after work and choosing a film, and have some very fond memories of the place.
Damien2701 16 January, 2013 16:48
Not a major concern, i just hope they dont all turn into payday loan shops. The streets are getting scummier day by day
anonymous 16 January, 2013 17:09
will there be any "man shops" left in the high street????
A Non Mouse 16 January, 2013 17:19
Could not agree more about the state of the High Street Damien, it really is looking very grim these days. Although i have to say there has never been a Blockbuster anywhere near me.
CaptainPicard 16 January, 2013 21:18
To be honest I haven't been near a BlockBusters in ages, I forgot they exist. It's really sad seeing what's happening to the high street while a few individuals within HMV and BlockBusters get a huge payoff.
anonymous 17 January, 2013 16:30
Why are people complaining about the changes in high streets? Shop in them rather than online if it's such a big deal. And tell me, how many who lament the passing of the high street actually used one regularly in the last 15 years? With the advent of huge shopping centres and retail parks the high street was doomed long ago, precisely because no one used them.