BARNSTAPLE High Street is not facing a crisis, says town centre manager Craig Bulley, despite yet another business which has a branch in the town being forced to call in administrators.
Blockbuster was forced to call in administrators Deloitte last week to take charge of its 528 stores across the country, including the one on North Walk in Barnstaple.
There was some good news for staff at the Barnstaple branch this week, when it was revealed the branch was not among 160 branches which will be closed down.
Although the company also said more closures could come in the next few weeks and months.
And the news that Blockbuster has gone to the wall came just days after HMV called in administrators, putting more than 4,000 jobs at risk.
A temporary HMV store in Green Lanes Shopping Centre in Barnstaple closed earlier this month.
And photographic retailer Jessops closed all of its 187 stores, including one in Barnstaple, earlier this month after major financial problems.
But Mr Bulley says there is still cause to be upbeat about the town centre's future.
"Is it in crisis?" he said. "No.
"Is it facing incredibly challenging times? Yes.
"Our High Street faces the same challenges as any and this is the time of year when belts tighten.
"It's true we have lost a few stores but we've also got Saltrock going into a High Street store imminently and Tesco Extra will come in and take up two units, both of which will bring new life to that end of the street."
And Mr Bulley said it was important for organisations like Town Centre Management and the Business Improvement District not to give up on the High Street.
"We've got to keep working with traders to keep marketing and promoting the town," he said.
"It's about enhancing what we've got."
He also said he believed several large companies were interested in bringing their business to Barnstaple.
"I know there are large businesses interested," he said, "but there's just not the right fit.
"A lot of our empty stores are relatively smallish units and for these companies it's about finding the right fit."