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Cameron Toll branch of Zavvi closed

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Published Date: 08 January 2009
THE Cameron Toll branch of entertainments retailer Zavvi has been closed today, the company's administrator said.
Four members of staff have now lost their jobs after the branch was among 22 UK stores to be shut down.

The move leaves the chain, formed following a management buyout of the Virgin Megastore group - with only one remaining branch in Edinburgh -
at the Gyle Shopping Centre.

It closed its Princes Street store before the full extent of its troubles were known.

Administrator Ernst & Young also announced that it is to step up its clearance sale at the remaining 92 UK stores with 20-25 per cent of all product lines from tomorrow.

Today's store closures led to 178 job losses across the UK.

Tom Jack, joint administrator from Ernst & Young, said: "Despite record consumer demand since Christmas it is no longer possible to support continued trading across all of the Zavvi stores.

"Unfortunately the current difficulties faced on the UK high street seem to be discouraging retailers from investing in a significant number of new stores.

"However, we intend to continue to trade the remaining zavvi portfolio with a view to selling all or part of the zavvi business as a going concern.

"So far we have received 60 expressions of interest which we continue to actively pursue. We are extremely grateful to the staff and management at all stores and the head office for their fantastic support throughout this difficult time.

"We would also like to thank Job Centre Plus and The Redundancy Payments Office for their support in this matter."



The full article contains 266 words and appears in Edinburgh Evening News newspaper.
Page 1 of 1

  • Last Updated: 08 January 2009 11:05 AM
  • Source: Edinburgh Evening News
  • Location: Edinburgh
 
1

elayne,

08/01/2009 12:18:33
feel sorry for the staff who have lost employment,really hope things will improve soon
2

Niko Bellic,

08/01/2009 12:24:14
I agree with Elayne, it's bad for the people who lost their jobs.

Wasn't very savvi off Zavvi to depend on Woolies for their stock though, was it?

And their administrators' refusal to take gift vouchers issued after 27 Nov, is a ****ing disgrace.
3

brandy al,

embra 08/01/2009 12:48:35
I feel sorry for the staff,it wont be long until Edinburgh is a ghost town.
4

brandy al,

embra 08/01/2009 12:48:36
I feel sorry for the staff,it wont be long until Edinburgh is a ghost town.
5

Fecker,

08/01/2009 12:49:48
#2 - correct, jail them
6

eric,

lothian 08/01/2009 12:53:48
They kept the Glasgow ones open,
7

Cynicaltalk,

08/01/2009 12:59:36
#6

Well the doley jaikies that inhabit the west coast need to shoplift from somewhere, dont they?
8

snoopy,

Home 08/01/2009 15:10:08
#2 I've heard rumours that some branches of Clintons are now accepting Zavvi cards?
9

Niko Bellic,

08/01/2009 16:00:19
#8

Ah Clintons - with its great selection of music and cinema.

Send your voucher to the admistrators, if you can be bothered salvaging 27p in the pound.
10

Mr Hankey,

Edinburgh 08/01/2009 17:40:09
If you compare HMV with Zavvi HMV provide more choice and better value for the customer however play.com is much better even still so it's no suprise Zavvi have gone t%ts up.
Also Woolworths giant sweet shop, Whittards a giant tea shop it seems to me that pretty soon only good sensible retailers who provide products that people want and present good value will be left. Nb: Is that a bad thing or a good thing? I'll let the posts decide. I also went to the Zavvi store at Cameron Toll for a box set and even the Zavvi guy agreed with me that it was a rip off as it had been out for months
11

Mr Fuzzy,

Edinburgh 08/01/2009 17:49:59
#3
Hardly. There is still the student population. That will keep the pubs, nightclubs, restaurants, bank branches, supermarkets, hairdressers and gift shops open.
12

Alannah,

09/01/2009 07:55:55
#6 - Edinburgh folk are internet literate, and are sensible enough to shop from the comfort of their homes. Better bargains to be had on the net too. A sign of the times, and your precious Glesca will be just as vulnerable. It's affecting every high street in the UK, I'm afraid.

 

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