Posted December 24, 2008 Zavvi goes into administration Ernst & Young has confirmed that music and DVD store Zavvi is going into administration. The closure of the UK's largest independent entertainment retailer may result in 3,400 job losses. Zavvi suffered over the Christmas period after Woolworths's unit Entertainment UK went into administration last month. The store used Woolworths as its main supplier and has had trouble finding stock following the high street shop's demise. "This has resulted in considerable working capital difficulties," said Ernst & Young. "Since EUK went into administration, and perhaps before, the impact of problems at EUK on the Zavvi group has been significant." All 125 stores around the UK should be open as usual on Boxing Day for a post-Christmas sale. Zavvi founders Simon Douglas and Steve Peckham said: "We have done all that is possible to keep the business trading, but the problems encountered with EUK, and particularly its recent failure, have been too much for the business to cope with." Share this post Link to post Share on other sites
Posted December 24, 2008 NOOOOO Branson gave me some sexy deals when it was Virgin. Share this post Link to post Share on other sites
Posted December 24, 2008 It's annoying, there's no Zavvi store here [Virgin became Republic; stupid shop!] so can't check out their discounts. Seems you can't buy from them online anymore! Share this post Link to post Share on other sites
Posted December 24, 2008 Sad news! having a big Zavvi in the new design area in my town center was a waste. Share this post Link to post Share on other sites
Posted December 24, 2008 zavvi is shit n e way. HMV is where its at Share this post Link to post Share on other sites
Posted December 24, 2008 It's annoying, there's no Zavvi store here [Virgin became Republic; stupid shop!] so can't check out their discounts. Seems you can't buy from them online anymore! They halted online orders when their distributors (Woolworths) died. I didn't expect Zavvi stores to die as I thought that Virgin still owned them (and they seem to have plenty of money). Share this post Link to post Share on other sites
Posted December 24, 2008 Sucks. Was hoping Zavvi would move into where my local woolworths will be vacating but that won't happen now. Can always hope for HMV. But it's does suck as Zavvi are generally good for buying stuff from as I've always found them cheaper than HMV, especially for CDs. Share this post Link to post Share on other sites
Posted December 24, 2008 Zavvi were good for TV boxsets, they were a bit pants for anything else. HMV will always be king. Share this post Link to post Share on other sites
Posted December 24, 2008 When I was in London, I shopped at Zavvi. It was a great store. This is a shame. Share this post Link to post Share on other sites
Posted December 24, 2008 I love Zavvi, much more so than HMV. Not sure why, I just do. This is a damn shame. Share this post Link to post Share on other sites
Posted December 24, 2008 I wonder who's next ? New Look ? Peacocks ? Wilkinsons ? Apparently 15 different companies are to go by the wayside by the end of January next year according to the tabloids ! Share this post Link to post Share on other sites
Posted December 24, 2008 Ewww thats mildly annoying. Share this post Link to post Share on other sites
Posted December 24, 2008 I wonder who's next ? New Look ? Peacocks ? Wilkinsons ? Apparently 15 different companies are to go by the wayside by the end of January next year according to the tabloids ! Yeah I saw that on the news as well. I thought how they could make such a bullshit claim and who they thought would go... I never thought Zavvi would be a casualty of it. Share this post Link to post Share on other sites
Posted December 24, 2008 zavvi is shit n e way. HMV is where its at huh? I thought all the cool kids today simply downloaded all of the music and movies they required. I'm ahead of the curve since I've done it for years Share this post Link to post Share on other sites
Posted December 24, 2008 My friend worked at Zavvi and they treated him like shit so good riddance. Share this post Link to post Share on other sites
Posted December 24, 2008 I seem to recall hearing that HMV are also currently in the shit - might be the end for them soon too! Share this post Link to post Share on other sites
Posted December 24, 2008 the good news that the stock will be going cheap soon. Share this post Link to post Share on other sites
Posted December 24, 2008 More bad news for the economy. Only hope for Zavvi is for Branson to re-buy them. Share this post Link to post Share on other sites
Posted December 24, 2008 I seem to recall hearing that HMV are also currently in the shit - might be the end for them soon too! Surely not? There's no other big chain stores like Zavvi/HMV are there? Share this post Link to post Share on other sites
Posted December 24, 2008 I seem to recall hearing that HMV are also currently in the shit - might be the end for them soon too! They aren't in the shit yet. Their profits are dropping rapidly though but they were making a ton prior to that. I worked for them for 2 years, they have some crackpot plan that HMV stores will become more than just a shop a place where people will come and socialise about music, dvds and games. Quite how they will make money if people are just milling around is another thing all together. It is interesting to notice most of their xmas adverts are for hmv.com and they have put a lot of emphasis on that side of things. Share this post Link to post Share on other sites
Posted December 24, 2008 They aren't in the shit yet. Their profits are dropping rapidly though but they were making a ton prior to that. I worked for them for 2 years, they have some crackpot plan that HMV stores will become more than just a shop a place where people will come and socialise about music, dvds and games. Quite how they will make money if people are just milling around is another thing all together. It is interesting to notice most of their xmas adverts are for hmv.com and they have put a lot of emphasis on that side of things. That's actually not a bad idea. If they arranged the shops a hell of a lot better, had some places to sit, and somewhere to grab a coffee it wouldn't actually be half bad. Share this post Link to post Share on other sites
Posted December 24, 2008 Shame about Zavvi but a good bit business by Branson I must say. Was in Zavvi last night and they had mega sale going on, some good bargains in there. Got Kinks greatest hits for my girlfriends dad and it was RRP £12 and had a £5 sticker on it, when i got to the till was a mere £3.50. Awesomes. Share this post Link to post Share on other sites
Posted December 24, 2008 I love Zavvi, much more so than HMV. Not sure why, I just do. This is a damn shame. How can you prefer Zavvi it's more expensive and has less products. Share this post Link to post Share on other sites
Posted December 24, 2008 Meh, never used them. Will stick with my free lovefilm rentals rather than spending money. Share this post Link to post Share on other sites
Posted December 24, 2008 How can you prefer Zavvi it's more expensive and has less products. HMV is always packed to the point of it's pointless lining up. Also, the less products thing? Crap. It just depends on the size of the store. Share this post Link to post Share on other sites
