Chorley and Leyland Blockbusters stores safe (From Chorley Citizen)
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Chorley and Leyland Blockbusters stores safe
5:22pm Wednesday 23rd January 2013 in News
Blockbuster stores in Chorley and Leyland are to remain open after the DVD after games rental firm went into administration.
The news the company was in trouble came just a day after entertainment store HMV announced it was also on the verge of collapse.
Administrators Deloitte, which is handling both cases, said it plans to keep all Blockbuster’s 528 stores open while seeking a buyer.
It said that 129 outlets would close immediately but stores in George Street, Chorley and Churchill Way, Leyland, are not among them.
The business, which nationally employs more than 4,190 staff, blamed its trading woes on competition from internet firms, and digital streaming of movies and games.
Blockbuster will continue to accept gift cards and credit bought through its trade-in scheme, as well as operating its loyalty scheme.
Lee Manning, joint administrator and partner in Deloitte’s restructuring services practice, said: “We are working closely with suppliers and employees to ensure the business has the best possible platform to secure a sale, preserve jobs, and generate as much value as possible for all creditors.”
