Blockbuster dodges the axe (From Ledbury Reporter)

Hereford's Blockbuster dodges the axe

9:50am Thursday 14th February 2013 in News Exclusive By Adam Knight, Reporter

HEREFORD'S largest DVD rental store has survived the latest run of closures by Blockbuster.

Administrators Deloitte announced yesterday that a further 164 branches would close as the company looks to find a buyer – however the Commercial Road location has dodged the axe for the second time in a month.

Vouchers will still be honoured and business continues as normal despite the “restructuring”.

Lee Manning, joint administrator at Deloitte, said: "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.

"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."

Is the movie rental business changing, or has it already changed? Let us know on twitter ( @HTnewsroom ).