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Blockbuster UK to close 164 stores

800 employees will be made redundant as the business is halved

The administrator of battling retail group Blockbuster has confirmed it will make sweeping cuts across the business in a bid to save it from liquidation.

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Deloitte said it will shut 164 stores over the coming weeks. A spokesperson told CVG that just 204 shops will remain in the UK - down from 528 at the start of the year.

It is believed that about 800 employees will be made redundant.

Closing down promotions are expected at affected outlets while the rest will operate 'as usual'.

Blockbuster entered administration in mid-January as the business buckled under its own debt.

A dedicated employee helpline has gone live, while an employee assistance programme is available to staff who wish to use it.

"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," said joint administrator Lee Manning.

"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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