Blockbuster to shut a quarter of its UK stores

Film rental chain Blockbuster is to shut 72 British stores – axing 452 jobs.

The closures will mean the loss of about a quarter of its 264 outlets and 2,000-strong workforce.

Earlier this week the chain, which has been hit hard by competition from supermarkets, the internet and delivery services like LoveFilm, went into administration for the second time this year.

It was understood that employees were being told of the job losses this morning.

The firm is holding talks with potential buyers for the remaining shops and a further update is due within the next week.

www.dailymail.co.uk

David Wriglesworth

David Wriglesworth is a Northern lad with a passion for gaming, who graduated from the University of Lincoln with a BA (Hons) Journalism degree. If you can drag him away from the consoles, you can probably find him Tweeting or watching Coronation Street.

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