My Photo
Location: Dublin, Republic of, Ireland

Thursday 8 January 2009

Breaking News: Further reductions as Zavvi UK Closes 22 Stores

January 8, 2009

by Suzan Abrams

UK: Katie Coyne reports in The Bookseller today that Zavvi, a book and music retailer, originally the Virgin Megastores, in the United Kingdom, is set to close 22 of the chain's stores with immediate effect. This will result in the loss of 178 jobs. The remaining 92 stores will continue to trade throughout the United Kingdom and offer reductions stretching from 20% to 50%, from tomorrow. So far, 60 parties have expressed an interest in buying over the retailer whose biggest competition is HMV.

For the full article and list of stores which will down their shutters, please see here.

Labels: , ,