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Jobs lost as Xtra-vision closes stores in Northern Ireland | Jobs lost as Xtra-vision closes stores in Northern Ireland |
(about 11 hours later) | |
DVD and video rental chain Xtra-vision is closing eleven stores in Northern Ireland with the loss of 58 jobs. | DVD and video rental chain Xtra-vision is closing eleven stores in Northern Ireland with the loss of 58 jobs. |
The rental chain, which employs 242 people in 42 stores across NI, went into receivership last week. | The rental chain, which employs 242 people in 42 stores across NI, went into receivership last week. |
The stores closing are: Lisburn Road, Antrim Road, Shore Road and Ormeau Road, Belfast; Newtownards; Downpatrick; Glengormley; Coleraine; Newry; Carryduff and Holywood. | |
Nine stores in the Republic of Ireland are to close. | Nine stores in the Republic of Ireland are to close. |
The receiver said the stores have been identified for closure as a "result of unsustainable trading losses resulting from a fall in revenue". | The receiver said the stores have been identified for closure as a "result of unsustainable trading losses resulting from a fall in revenue". |
Luke Charleton of Ernst and Young said: "It is regrettable that we have had to schedule these store closures. | Luke Charleton of Ernst and Young said: "It is regrettable that we have had to schedule these store closures. |
"We are extremely grateful to the employees and management at all the stores for their loyalty and support during what has been a very difficult and uncertain time. | "We are extremely grateful to the employees and management at all the stores for their loyalty and support during what has been a very difficult and uncertain time. |
"We are keen to stress that those stores unaffected by these closures will continue to trade as normal." | "We are keen to stress that those stores unaffected by these closures will continue to trade as normal." |
He said the receiver had received a number of expressions of interest for the business and assets of Xtra-vision and were "encouraged by the level of interest". | He said the receiver had received a number of expressions of interest for the business and assets of Xtra-vision and were "encouraged by the level of interest". |
In the Republic of Ireland there are nine stores closing - one in Roscrea, County Tipperary and eight in Dublin: Ongar, Carpenterstown, Rathmines, Baggot Street, Tallaght, Phibsborough and two stores in Swords. |