After news that HMV and Jessops collapsed into administration this month, Blockbuster has been the next high street chain to call in the administrators after failing to keep up with the competition.
Experts say their demise was ?inevitable?, Ian Maude at Enders Analysis said: ?Why would you go to a store for a frankly limited selection of films when you can browse Netflix for any film that?s ever been released, or watch it on Sky or Virgin??
?This has been the worst Christmas period on the high street in living memory,? said Glyn Mummery at the insolvency specialist FRP Advisory. ?The new age of online retailing has caused a bloodbath in the electronics and entertainment markets for old-school retailers.?
Source: http://www.chilterndebtmanagement.co.uk/chiltern-press/blockbuster-high-street-casualty-2013/
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