As Blockbuster announced that it was to close 129 stores, the future for Haywards Heath and Burgess Hill looks a little brighter.
On Saturday (January 19) joint administrators Lee Manning, Matthew David Smith and Neville Kahn, partners at Deloitte the business advisory firm, confirmed that it was to close 129 stores over the coming weeks as part of a phased closure. This was in addition to 31 which have already been put on notice of closure.
Both stores in Commercial Square in Haywards Heath and The Martletts in Burgess Hill have so far been saved from the first round of closures.
Lee Manning, joint administrator, said: “Having reviewed the portfolio with management, 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 joint administrators will continue to look at the profitability of the store portfolio and are set to announce further closures in the coming weeks.
Whilst staff in those stores affected by the closures will be facing redundancy, the closures are not taking place with immediate effect. A dedicated employee helpline is in place and the company is running an Employee Assistance Programme to help those staff facing redundancy find other jobs.
Stores will remain open for business as usual and customers will be notified in advance of closure so that they can return their outstanding rental items beforehand. The standard terms and conditions remain in place during this time.
Lee Manning, Matthew David Smith and Neville Kahn, partners at Deloitte were appointed joint administrators to Blockbuster Entertainment Limited and Blockbuster GB Limited who trade as Blockbuster, the DVD and video games rental company on Wednesday, January 16 2013.
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Weather for Haywards Heath
Wednesday 19 June 2013
Temperature: 15 C to 26 C
Wind Speed: 10 mph
Wind direction: North
Temperature: 12 C to 19 C
Wind Speed: 10 mph
Wind direction: East