Morrisons buys 49 Blockbuster stores to expand M Local brand
Supermarket chain Morrisons has bought 49 stores from failed DVD and games rental chain Blockbuster as it steps up plans to expand its convenience business.
Supermarket chain Morrisons has bought 49 stores from failed DVD and games rental chain Blockbuster as it steps up plans to expand its convenience business.
The deal will not prevent any of the job cuts already announced by Blockbuster administrators Deloitte, but Morrisons said it hopes to create around 1,000 jobs as it reopens the shops as convenience stores.
The UK's fourth-biggest grocer also announced the rebranding of its M Local convenience business to Morrisons M local.
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