UK frozen food retailer Iceland Foods has acquired a clutch of former Blockbuster sites, which were put on the block after the movie rental business went into administration last month.

A spokesperson for Iceland told just-food Iceland has acquired five outlets from the firm’s receiver.

The move comes as part of Iceland’s strategy to open new outlets, which are primarily small- to mid-sized supermarkets based in town centre locations.

“As of today, Iceland has 786 stores compared with 757 at the last year-end in March 2012, and is on track to open a total of 36 stores (33 net of closures) by the end of the current financial year, with plans to exceed this total in the financial year 2013/14,” the spokesperson revealed.

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By GlobalData