Blockbuster stores in the area to stay open for now

Blockbuster stores in the area to stay open for now

Reporter:

Justin Burns

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Blockbuster stores in the area to stay open for now

Administrator for beleaguered DVD chain Blockbuster said today stores in the east Berkshire area are not among the 129 to be shut over the coming weeks.

The entertainment stores in Cookham Road, Maidenhead; Farnham Road, Slough and Dedworth Road, Windsor will stay open for now.

Joint administrators from business advisory firm Deliotte announced this morning plans to close 129 stores as part of a phased closure in addition to 31 which has been put on notice of closure.

The store has 528 stores across the UK.

They said there will be a number of closing down promotions across stores being closed to supplement those already on offer across the estate.

The administrators say they are continuing to review the profitability of the store portfolio and announcements of further closures may be made in coming weeks

Lee Manning, joint administrator, said: “Having reviewed the portfolio with management, the store closure plan is an inevitable consequence of having to restructure the company to a profitable core which is capable of being sold."

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