UK retailer Zaavi goes into administration

3,000 jobs at risk, 114 stores potentially to close as one of the UK's newest (and biggest) games and media retailers goes into administration.

[Cajun Chicken]

Oh s**t. I love ordering games off this place.

[anh_duong]

wonder how long before they blame this on the ps3 /sarcasm

[Capt CHAOS]

Just when I bought a couple of 360's, I found out that Zavvi were still doing the arcade for 99 something.. Mind you, I got the arcade with a free fifa 2009 game anwyay..

But a real shame for a virgin arm flogged for 1.00 by virgin not that long ago..

[Pika-pie]

They were having a clearout sale already!!! went in today and picked up Mirrors Edge for the PS3 for £12... Bargin!!!

[-Neon-]

One of my favourite stores :'(
Why couldn't it have been HMV instead.... I much prefer Zavvi to HMV.

[TIKUP]

Nooooooooooooooooo this is a great store and i ordered alot of my games of the website!!!!! :(

[Fishy Fingers]

Surprised. This is part of Virgin media right?

[ali312]

Richard branson paid the zaavi chain 30 million to take it off his hands. Yes you read it correct, Branson paid Zaavi as the megastore had some large debt

[Capt CHAOS]

I heard it was 1 pound but that included the debt.

[jspc1989]

then were in trouble. Thats a huge store chain.

[chasuk08]

I would probably say there are only 4 big entertainment chains left and if one of them go we are all screwed.

Argos, Currys(PC WORLD, DIXONS, COMET all the same company), HMV and Game/Gamestation.

If one/all of these go then we could be in big trouble.

[Capt CHAOS]

You mentioned gamestation but not game?

[chasuk08]

I said Game. "Game/Gamestation". Both owned by the same company.

[Fatmanp]

I was in their the other day they had a lot of stuff at 1/2 price.

[TIKUP]

I dont think it is part of virgin because virgin group have there own stores called "virgin megastores"!
Which is like HMV!!

[Fishy Fingers]

Didn't the Virgin Mega stores become Zavvi, I thought it was a rebranding? Or am I mistaken?

Edit: They were rebranded to Zavvi, but Branson has since sold the company. So no longer part of Virgin Media. http://en.wikipedia.org/wik...

[LarVanian]

WTF????!!!!
Holy crap??
Zavvi going bust?
Damn! That is something I pray would never happen!
Its bad enough that we are loosing Woolworths but possibly Zavvi too?
Dear God don't let this happen! Zavvi is my favorite store! I don't know what I would do without it!

[uie4rhig]

you might know that this just happened to woolworth recently.. my local woolworth closed friday at 4pm

[resistance100]

Woolworths went because they were hundreds of millions in debt for years and they were only just called in by the debtors

[uie4rhig]

but that doesn't mean that the same has happened to zavvi lol.. and that it will happen to more stores :P

[mint royale]

there were HUGE discounts in store - new dvd's from £3 it was ridiculous. Gears of war 1 was £10 and gears of war 2 was £25. I ended up getting bioshock for £12. Wii controllers were really cheap and many ps3 games were the cheapest i've ever seen. It was awesome value, but sadly it seems everything was this price for a reason :(

[DevilsJoker]

They main Supplier has gone into administration, meaning they can't order stock and have had to cease orders online as a result.

Doesnt seem like THEY are liquidising.

[resistance100]

Zavvi did that weeks ago. However because E-Uk c**ked up along with woolworths (same company) zavvi haven't been able to get new stock in so there xmas sales have taken a massive hit meaning they haven't been able to pay back any money they owe

[Kemicalbeliefs]

Once this 'credit crunch' comes to an end, we'll be left with 1 shop for retail sector. Thus resulting in full RRP for everything, like HMV do anyway.

"Save £10 now only £25 for your DVD movies or only £29.99 for Blu-ray, games will be £45, in the sale."

[resistance100]

Online and Supermarkets will grow more into that market also i can see Argos becoming a bigger presence on the high street

[Bry1979]

Sorry about this little rant here, but chasuk08 before you start typing stuff please do your home work. Comet is nothing to do with pc world, currys or dixons.digital there all part off DSG (Dixons stores group) Comet is part of a much bigger company called Kesa, one of europes largest retail companies, Rant over now
I hope that some one would step up and hopefully be able to take over Zaavi and at least try and save that work force, the british retail industry can`t take much more of this. My heart goes out to those poor buggers who found out there going to lose there jobs, and to find out on christmas eve of all bleeding days, they must feel devastated.

[fossilfern]

ffs im fed up with all this sh*t is no shop safe ?

[resistance100]

Buy from High Street chains then, the reason they are going down is that no one go's there anymore. Most people now order online from the likes of Play.com and amazon. If the high street stopped charging so much compared to the websites then they wouldn't be in this problem.

The only reason Zavvi have gone down is that E-uk (part of woolworths) supplied them there stock and with no new stock in zavvi have been unable to take that much money and had too much debt to stay in business.

[zonetrooper5]

Theres a zavvi about 20-30 minutes away from me in the next town. Really sucks too, they have been doing bloody good deals on alot of games, picked up Stalker Clear Sky from there for £20, MS2:PR for £40 new when it was first released.