
The future of Dundalk’s last DVD and games rental store could be in doubt after Xtravision was placed into receivership this morning.
The company hires 1,024 people nationwide but has seen profits tumble in recent years by a growing number of people turning to online entertainment services such as Netflix.
Xtravision Dundalk recently relocated from the Adelphi building to a unit at the Exchange Building on the Long Walk.
The local outlet is thought to employ around a dozen staff and is one of the few remaining places in town still selling DVDs and boxsets following the closure of HMV earlier this year.
It is the last remaining rental outlet in Dundalk following the closure of various competitors in recent years, including Cassidy’s Supervision, Planet, Green Video and Chartbusters.
Ernst and Young are expected to be appointed receivers today with the business set to remain operating in the short-term in the hope that a buyer can be found.