Troubled DVD firm Blockbuster is to close 129 of its 528 stores over the coming weeks, it was announced today.
And 750 of its 4,190 employess will be made redundant.
It is yet be confirmed if stores in Gloucester and Stroud are affected but Cheltenham is thought to be safe.
The national chain went into administration earlier this week and 31 branches had already been put on notice of closure and a number of closing-down promotions announced.
A spokesman for administrators Deloitte said stores will remain open for business as usual and customers will be notified in advance of closure so that they can return their outstanding rental items beforehand. The standard terms and conditions remain in place during this time.
He said further closures may be announced in coming weeks.
A dedicated employee helpline is in place and the company is running an Employee Assistance Programme to help those staff facing redundancy find other jobs.
Lee Manning, Joint Administrator, added: "Having reviewed the portfolio with management, the store closure plan is an inevitable consequence of having to restructure the Company to a profitable core which is capable of being sold. We would like to thank the Company's employees for their support and professionalism during this difficult time. We are also grateful to the customers for their continued support."