Dunstable’s Blockbuster store will cease trading today (December 13) after the company’s administrators announced 808 jobs will be lost across the UK.
The West Street location has faced uncertainty since the rental giant went into administration for the second time last month, but will.close its doors for the last time at 5pm.
The closure means that five people will lose their jobs.
Joint administrators Simon Thomas and Nick O’Reilly said: “It is with regret that we have to make this announcement, we appreciate this is a difficult time for all concerned and would like to thank staff for their professionalism and support over the past month.
“Unfortunately, we were unable to secure a buyer for the group and as a result had to take the regrettable action to close the remaining stores.”
Retail expert Dan Wagner, Founder and CEO of Powa Technologies, said: “The retail landscape is becoming more complex than ever before.
“Consumer buying behaviour has changed radically in the past twelve months with the plethora of mobile and handheld devices.
“The road to survival does not lie in aggressive discounting – in fact, it’s quite the reverse. The smart money is on the retailers who have made themselves easily available wherever their customers are wanting to buy.
“The harsh realities are that those who do not adapt to this new environment will follow in Blockbusters footsteps in the not-to-distant future.”
All remaining stock will be sold with discounts of up to 90 per cent off sale prices.
All stores will have ceased operating by 16 December 2013. For more information, visit www.moorfieldscr.com.