Blockbuster Video rental store goes into administration

The video discusses the challenges faced by Blockbuster as it enters administration, highlighting the impact of online retail and technological changes on traditional high street shops. It mentions recent retail bankruptcies like Jessops and HMV, attributing them to evolving customer habits and the financial crisis. The video concludes with the need for Blockbuster to adapt to these changes.

What is the current status of Blockbuster as mentioned in the video?

• It is under administration.

• It is merging with another company.

• It is expanding its business.

• It has closed all its stores.

How has online retailing affected traditional high street shops?

• It has had no impact.

• It has increased their sales.

• It has made them more popular.

• It has led to a decline in physical stores.

Which economic factor is putting additional pressure on shoppers?

• Inflation

• Increased wages

• Austerity

• High employment rates

What technological advancement has changed how people watch movies?

• DVD players

• Streaming services

• Cable TV

• Blu-ray discs

What is the main reason for the downfall of companies like Jessops and Blockbuster?

• Lack of customer service

• High rental costs

• Technological changes and evolving consumer habits

• Poor marketing strategies