Blockbuster goes into administration: Nine Nottingham stores at risk
DELOITTE has been appointed administrator to the Blockbuster retail chain, which rented out DVDs and video games.
The chain, which employs 4,000 people through 528 stores across the country, is the latest high-profile retailer to hit trouble.
It has nine stores across Notts, at Arnold, Eastwood, Long Eaton, Carlton Hill, Sherwood, West Bridgford, Lenton Boulevard, Mansfield and Newark.
The stores are continuing to trade as the administrators try to find a buyer for the business.
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It follows on from administrators being called in to HMV earlier this week, and the collapse of the Jessops photo chain last week.
Deloitte says the core Blockbuster business is still profitable. It has been hit by trends towards downloading and streaming of DVDs and games.
Nottingham Post Twitter followers have reacted to the news.
Patrick McNulty said: "They...haven't moved with the times, HMV killed by AmazonUK, Blockbuster killed by Netflix, love film, take your pick."
Stephanie Murphy added: "It's sad but there is no surprise... You can't put a price on entertainment media anymore as it's easily accessible for free."