160 Blockbuster stores to close
Blockbuster's administrators have confirmed they will close 129 stores, in addition to the 31 already announced. The company has 528 stores employing 4,190 staff.
Blockbuster's administrators have confirmed they will close 129 stores, in addition to the 31 already announced. The company has 528 stores employing 4,190 staff.
Customers will be told if their local Blockbuster store is closing so they can return their rentals beforehand.
Deloitte, appointed as administrators on Wednesday, said stores will remain open for business as usual until this time. Lee Manning, joint administrator said:
The store closure plan is an inevitable consequence of having to restructure the Company to a profitable core which is capable of being sold.
We would like to thank the Company’s employees for their support and professionalism during this difficult time. We are also grateful to the customers for their continued support.
The Democratic presidential candidate may also have shown his cards on his choice of running mate.
The US president also shared a post on Twitter accusing Dr Anthony Fauci of misleading the public over hydroxychloroquine.
Fears over an impending second wave of coronavirus dominates Wednesday’s front pages.