Film and video game retailer Blockbuster is to enter administration for a second time, according to its owner Gordon Brothers Europe.
The chain, which previously entered administration back in January, will remain trading as normal while a buyer is sought. If Gordon Brothers is unsuccessful in finding a buyer, some stores may close.
A statement provided to IGN explains that the decision is due to continuing poor sales and rentals, despite Gordon Brothers having "striven to turnaround the historically loss-making company by restructuring the business, investing significantly in strategic marketing activities and negotiating with the landlords of its retail outlets.
via IGN All http://feeds.ign.com/~r/ign/all/~3/LR3B3tZWxtw/blockbuster-enters-administration-again
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