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Axe falls on final Blockbuster stores

NILA 17-12-13 RKH 4  Blockbusters Ilkeston

NILA 17-12-13 RKH 4 Blockbusters Ilkeston

The end of an era has arrived with the axe falling on the remaining Blockbuster stores in Ilkeston and Long Eaton.

The long-running movie and games-rental chain has been beset by financial troubles and went into administration for a second time in October.

It has been selling off branches ever since despite efforts by Moorfields Corporate Recovery to find buyersfor some of them.

The final decision to close the remaining stores was made recently with doors being locked at premises on South Street in Ilkeston and Cross Street in Long Eaton on Monday — with the loss of up to 30 jobs on the eve of Christmas.

Both the stores had survived two rounds of sweeping nationwide closures as part of chain’s well-documented struggles as it battled with flagging sales.

But the end of the road has now been reached.

Joint administrators Simon Thomas and Nick O’Reilly said: “All stores ceased operating by December 16.

“It is with regret that we have to make this announcement, we appreciate this is a difficult time for all concerned and would like to thank staff for their professionalism and support over the past month.

“We were unable to secure a buyer for the group as a going concern and as a result had to take the regrettable action to close the remaining stores.”

As part of the final 91 Blockbuster stores closing, which included the outlets in Ilkeston and Long Eaton, a total of 81 jobs were lost.

All remaining stock went on sale with discounts of up to 90%.

Before its troubles began, Blockbuster had 528 stores nationwide.

But it was hit hard by the increasing popularity of being able to rent films online and the ability of film-watchers to screen movies online.

High business rates have also been pinpointed as being a problem.

 

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