HankScorpio

(into administration that is) No surprise there.

Last minute bargains anyone?

Jamz3k

may have to take a pop in today and get a few box sets

Floodboy

the zavvi shops near me closed down ages ago, so no surprise really

StickyMicky

the reason why i never bought any gift vouchers for people at xmas

DCI Gene Hunt

Wheat and Chaf.....

All these "failing stores" were always operating on the edge, TBH I've yet to be surprised at the fact they've failed. Zavvi is a classic example of a wise bailout by Virgin. Music is an online growth business with fewer and fewer shop bought items every year, last time I popped into the city I couldn't buy a CD single for love nor money!

Steve_PPP

iTrader: (3)

cor blimey, i bought people chrimbo pressies from Zavvi, hope they don't want to take them back

mannyo

Zavvi have gone into administration, they are still trading normally currently. The reason for administration is because their supplier (woolies of all companies) went bust and they have been unable to find another supplier due to the credit crunch.

I suspect, that just like whittards and "officers club" yesterday a buyer will be found.

farmer1

Its quite amazing that some of these shops are going bust on the run up to christmas, what about after when people are spending nowhere near as much

tanyatriangles

iTrader: (2)

WTF is Zavvi?

StickyMicky

that is when the real **** hits the fan.

at the moment we are just getting winnits hitting the fan, after christmas, the full blown smelly logs will be flying

apples24

iTrader: (1)

i was in the one in southampton 2 days ago and the que was roughly 20 mins !!!! was bloody heaving, although when i asked for a certain cd he either said closing down sale or sale for some reason why it was out of limited stock, i ended up buying from asda hmv and zavvi just to get the cd's i required

Steve_PPP

iTrader: (3)

what used to be Virgin Megastore

PeteBrant

No real surprise really - If you are going to charge virtually full RRP when the Tescos down the road will be charging half as much, not to mention online outlets for typical Zavvi mecahndise being probably the most popular kind of online purchase, you are asking for trouble.

Branson sold Virgin megastores at exactly the right time.

Tam the bam

Bet he's glad, otherwise he'd have been in a pickle now!

ALi-B

iTrader: (1)

No suprise; Branson wouldn't have sold out if it was profitable.

RoadrunnerV2

Not really because Virgin guaranteed Zavvi's Entertainment UK debts as part of the management buyout deal.

Source TheRegister