I feel sorry for the staff at this time of year. With woolworths going under you could see it from a mile away. This Zavvi thing has happend in just a few weeks. Hopefully they have a good clearence sell if they are gooing out of business or will somebody like Gamestop or bestbuy step in and pick up the stores?

But today? Damn! Merry Xmas all fellow employees. Makes me think that they may have waited until we all bought our pressies to tell us we're going to lose our jobs!

Have been advised today by my local store - not surprisingly - that the Gift Vouchers purchased as presents cannot currently be redeemed. They tell you to ring a telephone number (which tells you nothing) or check the website (again nothing). The timing stinks and I firmly believe they have waited till now to get in as much cash as possible before pulling the plug.

We've been anitcipating this for a while now, but the timing of this is nothing short of cruel...

Looking forward, it'll be interesting to see who manages to pick up the pieces when the economy recovers. Hopefully it'll be us, but I've got serious concerns that this will play into the hands of the supermarkets and online firms. The likes of Tesco had already unbalanced the market with market breaking loss-leaders, so I just hope we avoid an oligopoly situation with the supermarkets sitting pretty in their ivory towers when the dust settles

Your right, we could see this coming a mile off. As with everyone else the timing just really rubbed staff up the wrong way.

Ah, well. Merry Xmas everyone.

Hope the staff are able to find a new job in these hard times.

enjoy Xmas with your family and then find work for a company that does not rely on such crazy credit terms.

sadly i feel this is a domino effect more will follow wonder how much WHsmiths owe EUK?

its crazy how i hear they complain how they do not have the same returns facility after EUK collapse.

my store has to budget and estimate quantities on a weekly basis we don't just order as many copies as possible and then send half the stock back unsold.

PUBLISHERS TAKE NOTE - you do not need to rely on the supermarkets and multiples with impossible demands.

deal with the the videogame specialists we can keep the price at a sensible rate for everyone to make money and we don't return half the stock unsold.

Videogame specialists (indie stores, GAME group etc) would better promote your products and stop them from being used as loss leaders to sell a few cans of baked beans and loo rolls.

inject some cash into helping the game specialist with special edition packaging, in store demos etc

sorry to rant on a bit but i used to love coming into my local game shop try out the latest games and speak to the staff about how to get past the boss on level 5.

lets make selling games a fun experience again!

HAPPY XMAS

I'm sorry for the team at Zavvi but I question the decision made that abdicated responsibility for product selection, inventory and sourcing and handed it all to EUK. This was presumably a money saving measure taken by the top brass which resulted in moving some costs off their P & L but ultimately meant they could not manage their own business. Woolworths/EUK dropping off the perch resulted in no stock, no deliveries, no website (at the busiest time of the year), no returns and massive cash flow problems. They should string up the stupid directors responsible for this. Branson got out of retail at just the right time. No flies on him!

I can't believe people are moaning about a couple of quid lost on their voucher while a zavvi employee stands to lose his job and more than likely my home...thanks and Merry Xmas....typical British attitude....think of number one!!

Just goes to show what a weak foundation certain stores are actually built on.

Stores in high end & brand new shopping malls furnished with £100 Millon worth of borrowed stock.

Its fairly inevitable that a company selling product at pennies above cost will not be able to survive.

I do envy the board of these companies though, able to lose say £27.5million in 6 months upto October 25th but still pay themselves 6 figures. It doesn't matter to them if the company survives longterm, only the regular shopfloor/warehouse staff suffer.

It's the same for all big companies, regardless of industry or sector - the people at the top can earn hundreds of thousands to millions a year, regardless of how good they actually are.

Look at any failing company, and you'll see inadequate upper level people reaping unjust levels of financial reward based on status, rather than ability.

Is it any wonder companies fail, when the people at the top have pretty much zero incentive to perform?

So when are the administrators going to starting slashing prices? I am after a cheap PS3 or Wii.

Ref: Voice of reason comment - you idiotic insensitive @#$%

As for the idiot lookin for price slashes you can go straight to hell, i work for Zavvi and have done for many years and i feel totally messed about i know nothing about the future of my job and no help is being provided to staff atll it is disgusting the way we are being treated we go to work day after day sluggin our guts out not knowing if it will be our last day

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