New Hotels added daily AccesstoLondon.co.uk   

Morrisons Wants To Expand Buying 49 Blockbuster Stores

Morrisons Wants To Expand Buying 49 Blockbuster Stores

  • Posted: Feb 17, 2013
  • By:
  • Comments: 0

The supermarket chain Morrisons is to create 1,000 new jobs by taking over shops from the failed DVD and games rental business.

As we know, Blockbuster company failed at the beginning of this year leaving more than 1,500 jobs at risk. Supermarket chain Morrisons has bought 49 stores from Blockbuster in order to expand its range of ‘local’ shops. Morrisons says its plan will create around 1,000 new jobs.

The shops will turn out into large “convenience” stores and become the rival of Tesco and Sainsbury’s.

The UK’s fourth-biggest supermarket chain also plans to rebrand its convenience store business from M Local to Morrisons M Local read more

Tags: , , ,
What Really Killed HMV, Jessops And Blockbuster?

What Really Killed HMV, Jessops And Blockbuster?

After Comet failure, three more high-street chains bite the dust: Hmv, Jessops and Blockbuster.

This year is already shaping up to be another rough ride for Britain’s high-street retailers, as three major chains go under within the first 16 days of 2013.

First to fail was photographic retailer Jessops, which was founded in Leicester in 1935.

The company went into administration ( a form of corporate insolvency) on Wednesday, 9 January. Within two days, administrators PricewaterhouseCoopers decided that Jessops could not continue as a going concern, so it closed the chain. As a result, 187 stores shut down, costing 1,370 jobs. read more

Tags: , , , ,