Jan 22 2013 By Ian Proctor
BRANCHES in Harrow and Brent of threatened movie and video game rental store Blockbuster are not yet being axed, the Observer has learned, although the prospect has not been ruled out.
Neither of the two local shops - in Marsh Road, Pinner, and Walm Lane, Willesden - were among the 31 locations put on 'notice for closure' before the company entered administration on Wednesday.
They equally do not appear on the list released by Deloitte on Saturday of 129 further branches to be shut where employees will be made redundant.
However the business advisory firm said: "The joint administrators continue to review the profitability of the store portfolio and announcements of further closures may be made in coming weeks."
Blockbuster, which has its headquarters in Uxbridge, has a total of 528 stores across the UK employing 4,190 staff.
Lee Manning, joint administrator and partner in Deloitte’s restructuring services practice, 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.”