164 more Blockbuster stores to close

Administrators Deloitte has announced it will close a further 164 Blockbuster stores.

The stores are part of a phased closure and closing down promotions will be run across the shops. 324 Blockbusters stores are now up for closure, leaving around 200 outlets.

The remaining stores will remain open while administrators negotiate with potential buyers. Employees at the stores face redundancy, the administrator says.

Joint Administrator Lee Manning said in a statement: We have continued to review the performance of individual stores since our appointment a month ago and have concluded that further closures are necessary in order to restructure the Company for sale.

"We would like to thank the company’s employees for their support and professionalism during this difficult time and we are also grateful for the continued support of customers. We are in discussions with a number of parties interested in purchasing all or parts of the business and will update on progress in due course.”

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