Blockbuster Keeps Trading in Search of Saviour
Troubled retailer still looking for saviour
The UK franchise of Blockbuster has gone into administration with immediate effect but it will be keeping all of its 264 stores trading while it finds new backers.
It has, however, made 32 people unemployed in its head office. The company's present owners the Gordon Brothers blame “poor trading” in the UK for their decision.
Trade site MCV reports Gordon Brothers' Europe statement that, "We had striven to turn around the historically loss-making company by restructuring the business, investing significantly in strategic marketing activities and negotiating with the landlords of its retail outlets.
"The company also tried to develop a new digital platform but was unable to broker a licensing deal with Blockbuster UK's parent company in the US."
In terms of pre-orders, the company has also released the following:
It has, however, made 32 people unemployed in its head office. The company's present owners the Gordon Brothers blame “poor trading” in the UK for their decision.
Trade site MCV reports Gordon Brothers' Europe statement that, "We had striven to turn around the historically loss-making company by restructuring the business, investing significantly in strategic marketing activities and negotiating with the landlords of its retail outlets.
"The company also tried to develop a new digital platform but was unable to broker a licensing deal with Blockbuster UK's parent company in the US."
In terms of pre-orders, the company has also released the following:
We are once again very sorry to not be able to provide customers with Xbox One or PS4 consoles, but we will refund all validated pre-orders.
— Blockbuster UK (@Blockbuster_UK) October 29, 2013
Companies:
Blockbuster
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