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Blockbuster to re-enter administration

Ben Parfitt
Blockbuster to re-enter administration

Entertainment retailer Blockbuster is to enter administration for the second time in the UK.

Current owner Gordon Brothers says the move arrives on the back of what it describes as “poor trading” in the UK.

The chain first entered administration back in January, threatening its 528 stores and 4,190 workers.

Fortunately, the retailer seemed to have been saved in March when administrator Deloitte confirmed the sale of 264 stores to Gordon Brothers Europe, saving around 2,000 jobs.

Unlike other saved retailers who have largely turned their back on games, gaming remained central to the new retailer’s offer.

In May it revealed its VIP Gamer loyalty scheme that rewarded customers for trading in games, watching trailers and rating titles on its website.

In the same month the chain claimed that it had received "record-breaking" pre-orders for the Xbox One.

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Tags: Retail , Blockbuster , administration , gordon brothers , re-enter

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