Sussex jobs at risk as Blockbuster calls in administrator

Up to 100 jobs are at risk at a major retailer across the county.

DVD rental firm Blockbuster has called in administrator Deloitte.

The chain has outlets in Hove, Shoreham, Burgess Hill, Peacehaven, Worthing, Haywards Heath, Uckfield, Horsham, Littlehampton, Eastbourne, Hastings and Crawley.

The stores will remain open while a buyer is sought for the business.

An employee at the store in Hove, who did not wish to be named, said teh staff at teh store had not been told that their jobs are on the line.

Contacted by The Argus he said: “This is teh first that we have heard about it. There are six people employed here but we have not been told. The manager is on holiday.”

Lee Manning, joint administrator and partner in Deloitte's Restructuring Services practice, said: “In recent years Blockbuster has faced increased competition from, internet based providers along with the shift to digital streaming of movies and games.

“We are working closely with suppliers and employees to ensure the business has the best possible platform to secure a sale, preserve jobs and generate as much value as possible for all creditors.

“The core of the business is still profitable and we will continue to trade as normal in both retail and rental whilst we seek a buyer for all or parts of the business as a going concern. During this time gift cards and credit acquired through Blockbuster's trade-in scheme will be honoured towards the purchase of goods.”

Comments (5)

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3:08pm Wed 16 Jan 13

Mayan Turkey says...

Perhaps they made the mistake of paying a fair amount of tax?
All the multi-million pound companies seem to be doing fine...raking in huge amounts of cash whilst laughing at the tax man, and the muppets queuing up to throw money at them.
Perhaps they made the mistake of paying a fair amount of tax? All the multi-million pound companies seem to be doing fine...raking in huge amounts of cash whilst laughing at the tax man, and the muppets queuing up to throw money at them. Mayan Turkey

3:56pm Wed 16 Jan 13

Hoarder12345444 says...

Having commented on the similar HMV story, I feel I must add something here. I do not feel the same as with HMV. Blockbusters are still using the same business model that worked in the 1980's when home video boomed. I am surprised they are still going. They were good years ago, but with the digital revolution and online firms like Lovefilm, their business long ago became unsustainable. They are very pricey and their policies are out dated. One night rental and charges for late return the very next day is very out dated ways of treating customer.s. Lovefilm have the best business model and their prices are very competitive. Blockbuster never changed anything and therefore deserve to fail. Online firms simply out do Blockbuster in every department.


HMV are fairly similar in the above comments, but I feel you need a record store (that sells other things), much more than a rental store. Not sure why, but I feel more sympathy towards HMV. Perhaps it's because HMV is British.
Having commented on the similar HMV story, I feel I must add something here. I do not feel the same as with HMV. Blockbusters are still using the same business model that worked in the 1980's when home video boomed. I am surprised they are still going. They were good years ago, but with the digital revolution and online firms like Lovefilm, their business long ago became unsustainable. They are very pricey and their policies are out dated. One night rental and charges for late return the very next day is very out dated ways of treating customer.s. Lovefilm have the best business model and their prices are very competitive. Blockbuster never changed anything and therefore deserve to fail. Online firms simply out do Blockbuster in every department. HMV are fairly similar in the above comments, but I feel you need a record store (that sells other things), much more than a rental store. Not sure why, but I feel more sympathy towards HMV. Perhaps it's because HMV is British. Hoarder12345444

4:40pm Wed 16 Jan 13

Alan G Skinner says...

I think Blockbuster will be fine. They will go into Adminisration, get rid of the majority of debt, change there business model slightly get rid of a few stores that are not productive and then carry on.
I think Blockbuster will be fine. They will go into Adminisration, get rid of the majority of debt, change there business model slightly get rid of a few stores that are not productive and then carry on. Alan G Skinner

6:36pm Wed 16 Jan 13

John Fallon says...

The point is that Blockbuster's (and HMV's) market is shrinking rapidly. The take-up of online rental has become unstoppable. I doubt that in 12 months there will be anywhere one can rent a physical dvd. Most people will rent online and if they really want a hard copy of a favourite, they'll buy it online.
The point is that Blockbuster's (and HMV's) market is shrinking rapidly. The take-up of online rental has become unstoppable. I doubt that in 12 months there will be anywhere one can rent a physical dvd. Most people will rent online and if they really want a hard copy of a favourite, they'll buy it online. John Fallon

2:17pm Thu 17 Jan 13

getThisCoalitionOut says...

We've been using Blockbusters in Eastbourne for years so we will be very sorry to see it go.

It's wonderful to be able to get what you want - online is not as good, we have tried it and you have to wait months to get some DVD's so we've not been impressed with online ones at all.

I hope they can sort it all out and carry on as the staff are wonderful in Eastbourne, so helpful and so polite and cheerful.

It's always busy in there so it does seem strange that this is happening?
We've been using Blockbusters in Eastbourne for years so we will be very sorry to see it go. It's wonderful to be able to get what you want - online is not as good, we have tried it and you have to wait months to get some DVD's so we've not been impressed with online ones at all. I hope they can sort it all out and carry on as the staff are wonderful in Eastbourne, so helpful and so polite and cheerful. It's always busy in there so it does seem strange that this is happening? getThisCoalitionOut

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