Morrisons to buy 49 Blockbuster stores
18 February 2013
The supermarket chain is purchasing 49 Blockbuster stores, creating 1,000 jobs.
Morrisons will use the purchase to build a new convenience store franchise, with a focus on London and the South East.
The stores will become ‘Morrisons M’ local shops and plan to open by late summer.
Last week, Blockbuster’s administrators, Deloitte, announced that they intend to close an additional 164 Blockbuster stores over the coming weeks as part of a phased closure. The plans left around 800 jobs at risk.
Gordon Mowat, Head of Morrisons Convenience, says: "We are rolling out the Morrisons M local estate at pace this year, and these acquisitions give us a kick-start in securing a solid foothold in this key sector.
"The convenience market is growing, as more people shop locally and we want to be in a position to take advantage of this."
Morrisons has not said that it will retain Blockbuster employees, but said it "would be delighted if they wanted to apply for jobs at the new stores”.
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