Future of Grantham store in doubt as Blockbusters goes into administration

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Blockbusters, the film and game rental chain, has gone into administration putting a question mark over the future of its stores, including that in Grantham.

Management at the London Road store have been told that it will remain open while in the hands of the administrators.

A spokesman for administrators Deloitte 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.”