Virgin Megastores

  1. Updated: Richard Branson Interested in Buying Back Virgin Records With Impala's Patrick Zelnik

    July 17, 2012 7:59 AM EDT LONDON - Virgin Group founder Richard Branson has expressed his interest in a potential bid for the Virgin Records label he founded. Vivendi's Universal Music Group is meeting with European regulators in Brussels this week to discuss possible ...

  2. Business Matters: HMV Woes Signal Even Bigger Retail Changes Ahead

    July 05, 2011 5:42 PM EDT Ask Not For Whom The Bell Tolls…: HMV -- If you took a long holiday weekend you may have missed the news that retail chain HMV posted a large annual loss and is in the midst of restructuring the company into a "broad-based entertainment busin ...

  3. HMV To Close Central London Store

    November 19, 2010 12:00 AM EST HMV, the U.K.'s leading entertainment retailer, is to close one of its central London stores. The closure of HMV's 35,000 sq. ft 360 Oxford Street outlet comes into effect April next year, according to the company. HMV recently renewed i ...

  4. Business Matters: RapidShare, Music Hack Day, Richard Branson

    May 21, 2010 12:00 AM EDT -- File hosting site RapidShare won a court victory against a California-based adult entertainment company. The court ruled RapidShare cannot be accused of copyright infringement, on its users can be charged with infringement. This follows a simil ...

  5. HMV Sales Jump 12.8%

    December 11, 2009 12:00 AM EST HMV U.K. and Ireland increased sales by 12.8% to £470.7 million ($763.8 million) in the six months to Oct. 25, 2009 compared to the same period a year ago. The U.K. entertainment retailer was able to take advantage of the demise of rivals Zavvi an ...

  6. HMV Sales Inch Up In U.K.

    September 03, 2009 12:00 AM EDT HMV, the market leading U.K. entertainment retailer, has announced like-for-like sales growth of 1.7% by value for the 18 weeks ending Aug. 29, 2009. HMV Group issued the trading update at its annual general meeting (AGM) today in London. Total sa ...

  7. HMV Unveils Reward Card Scheme

    May 01, 2009 12:00 AM EDT U.K entertainment retailer HMV will roll out its new customer loyalty card, Pure HMV, this month and it has revealed trial data showing the benefits of the scheme to suppliers. HMV is also targeting former customers of the defunct Woolworths retai ...

  8. HMV Sales Up 11.7% In 2009

    April 29, 2009 12:00 AM EDT U.K. entertainment retailer HMV has benefited from the closure of rival Zavvi and the Woolworths retail chain, recording a year-on-year sales volume increase of 11.7% for the 16 weeks ending April 25, 2009. During a conference call, HMV Group chie ...

  9. Indie Retailers Ready For Record Store Day

    April 17, 2009 12:00 AM EDT Despite the success of online retailers, explosion of Internet downloads and high-profile closings of Virgin Megastores and Tower Records stores, bricks-and-mortar record stores aren't all spinning toward oblivion. Although hundreds of indepe ...

  10. Zavvi Web Site Revived

    March 03, 2009 12:00 AM EST The joint administrator of U.K. entertainment retailer Zavvi, which ceased trading at its remaining stores on Feb. 20, has sold the Internet rights for the Zavvi name to an online retailer based in Guernsey in the Channel Islands. The Zavvi e-tail ...

  11. Remaining Virgin Megastores To Close, VEGNA To Liquidate

    March 02, 2009 12:00 AM EST The planned closures of the Virgin Megastores in Times Square and Union Square in New York City and the Market Street store in San Francisco are the beginning of the final wind-down of the Virgin Entertainment Group North America. Over the next fe ...

  12. More Virgin Megastores To Close

    February 26, 2009 12:00 AM EST The six-unit Virgin Megastore chain will close two more stores, the Union Square location in New York City at the end of May and the Market St. store in San Francisco at the end of April, sources say. The company previously announced that its Time ...

  13. Zavvi Ceases Trading

    February 18, 2009 12:00 AM EST U.K. entertainment retailer Zavvi will disappear from the U.K. high street this week, following the sale of a number of stores to rival HMV and a new venture led by former Zavvi chief executive Simon Douglas. Zavvi will cease trading and all remai ...

  14. Fifteen Zavvi Stores Close

    January 29, 2009 12:00 AM EST The administrators of U.K. entertainment retailer Zavvi have closed a further 15 stores with the loss of 295 jobs. The latest round of closures today (Jan. 29) means there are now 48 U.K. stores still trading. Zavvi went into administration - roug ...

  15. More Zavvi Stores Close

    January 14, 2009 12:00 AM EST The administrators of U.K. entertainment retail chain Zavvi have announced the closure of a further 18 stores across the country with immediate effect. The remaining 74 stores in the U.K. will continue trading while a buyer is sought. The latest r ...

  16. Times Square Virgin Megastore To Close

    January 13, 2009 12:00 AM EST The Times Square Virgin Megastore, which is the highest volume music store in the U.S., will shut down come April. The store has been at the center of speculation since August 2007 when the Virgin Entertainment Group North America was acquired by ...

  17. Zavvi Stores To Close

    January 08, 2009 12:00 AM EST The joint administrators of U.K. entertainment retail chain Zavvi have announced the immediate closure of 22 stores. The store closures will result in the redundancy of 178 employees. The other 92 stores in the U.K. will continue to trade and ther ...

  18. Redundancies At Zavvi

    January 05, 2009 12:00 AM EST More than half of the staff at Zavvi's London headquarters have been made redundant, a total of 69 jobs. The entertainment retail chain went into administration on Dec. 24. The move is roughly equivalent to Chapter 11 bankruptcy protection in ...

  19. Zavvi's Irish Stores In Provisional Liquidation

    December 30, 2008 12:00 AM EST U.K. entertainment retailer Zavvi's Irish stores have been put into provisional liquidation, in line with the situation in Britain. There are 114 Zavvi stores in the U.K. and 11 in Ireland. They employ 2,363 permanent staff and 1,052 temporar ...

  20. Zavvi Stores Refuse Gift Vouchers

    December 29, 2008 12:00 AM EST Customers holding gift vouchers for U.K. entertainment retailer Zavvi have been told to contact the joint administrators for a refund, although not all vouchers will be eligible to be exchanged for cash. Zavvi went into administration on Dec. 24, ...

  21. Ailing Zavvi Calls In Administrators

    December 24, 2008 12:00 AM EST U.K. entertainment retail chain Zavvi, has gone into administration, the U.K. equivalent of Chapter 11 bankrutcy protection. Administrators Ernst & Young said today they intended to trade the 114-store Zavvi UK with a view to selling all or pa ...

  22. Zavvi Denies Emergency Restructuring Claim

    December 12, 2008 12:00 AM EST U.K. entertainment retailer Zavvi has denied media reports that it has agreed to the appointment, by its creditors, of an emergency restructuring team from business advisory firm Ernst & Young. However, a company statement confirmed that Ernst ...

  23. Zavvi's Douglas Steps Up At ERA

    September 18, 2008 12:00 AM EDT The U.K.'s Entertainment Retailers Assn. (ERA) has elected Zavvi managing director Simon Douglas as its chairman for the next year. The unanimous vote was announced at the ERA AGM in London Sept. 17. Ben Drury, managing director of digital do ...

  24. Zavvi Sales Up Despite CD Slump

    September 16, 2008 12:00 AM EDT U.K. entertainment retailer Zavvi says it has marked its first year of operations with a 10.2% like-for-like increase on the previous year for its store sales. The Zavvi group, which rebranded from Virgin Megastore in Sept. 2007 following a manage ...

  25. Retailer Sanity Launches Aussie Subscription Service

    August 20, 2008 12:00 AM EDT Market leading CD and DVD retailer Sanity Entertainment has launched what it claims is Australia's first online music subscription service. The company has licensed the digital catalog of all the major labels. The LoadIt music store is built ...

  26. U.K.'s Zavvi Unveils First Product Promo Sale

    June 24, 2008 12:00 AM EDT Leading U.K. entertainment retailer Zavvi has disclosed plans for its first sale since rebranding from Virgin Megastores in Sept. 2007 following a management buy-out. The warehouse clearance sale launches June 26 with more than 600,000 CDs and 200 ...

  27. Report: Virgin Megastore Times Square To Close In Q1 ’09

    June 05, 2008 12:00 AM EDT The Virgin Megastore in New York’s Times Square will close down in the first quarter of 2009, according to a published report that quotes a senior executive at the Vornado Realty Trust. That company and the Related Cos., both real estate companies ...

  28. Williamson Replaces Campkin At Zavvi

    March 19, 2008 12:00 AM EDT Gary Williamson has been promoted to head of music at Zavvi, the British retailer which emerged from the Virgin Megastores U.K. and Ireland chain. London-based Williamson, who retains his current responsibilities as head of related product, succee ...

  29. Zavvi Revamps Board

    January 11, 2008 12:00 AM EST U.K. entertainment retailer Zavvi has restructured its board following an increase in sales over the Christmas period. The chain has appointed marketing director Steve Kincaid as e-commerce director. He will focus on developing the company's ...

  30. Zavvi Celebrates Double-Digit Holiday Sales Boost

    January 08, 2008 12:00 AM EST U.K. entertainment retail chain Zavvi has reported a 10.8% increase in sales on the previous year, when it was trading as Virgin Megastores. However, music sales were down 11.6% compared to the same period in the previous year. The company blames ...

  31. Virgin To Exit Manhattan's Union Square?

    December 20, 2007 12:00 AM EST The Virgin Megastore’s space in Manhattan’s Union Square is being offered by a real estate broker for 2009 availability. According to retail sources, New York-based Winick Realty is shopping the space and has sent out packages highlighting its fea ...

  32. Virgin Digital U.K. Calls Time

    September 25, 2007 12:00 AM EDT The plug is about to be pulled on Virgin Digital. The U.K.-based online music service will cease selling tracks starting Friday, and will close to all customers Oct. 19, according to a statement posted on the site. The closure of the Virgin-brande ...

  33. Virgin Megastores U.K. Changes Hands In MBO

    September 17, 2007 12:00 AM EDT Richard Branson's Virgin Group has sold-off its Virgin Megastores U.K. and Ireland chain for an undisclosed sum. A team led by Virgin Megastores managing director Simon Douglas and finance director Steve Peckham has bought the 125-store chain ...

  34. U.K. Retail Empire Strikes Back Against Slump

    September 07, 2007 12:00 AM EDT After a year of store closures and slumping sales, U.K. music retail is attempting to stave off meltdown with a host of new in-store initiatives. The long, wet summer has seen some seismic shifts in the market, with the traditionally buoyant album ...

  35. Related Buying Virgin Megastores

    August 20, 2007 12:00 AM EDT The 11-unit Virgin Megastore operation in North America is being acquired by real estate development and management firm, New York-based Related Companies, in a deal that also involves Vornado Realty Trust. As part of the agreement the Virgin Ente ...

  36. Bands To Battle At Virgin Megastores

    August 13, 2007 12:00 AM EDT The Virgin Megastore chain will host its first annual Battle of the Bands contest. Submissions can be made at all 11 Virgin Megastores from Aug. 20 - Aug. 31, and the chosen bands will battle it out with live performances in seven of the stores, i ...

  37. Virgin Megastores To Host In-Store Latin Tour

    August 08, 2007 12:00 AM EDT Virgin Megastores will host its first series of in-store performances by emerging Latin artists with its "Musica y Pasion" tour in November. The Pinker Tones, an electronic group from Spain on Nacional Records, will headline the trek, wh ...

  38. VEGNA Posts Q1 Profit

    August 01, 2007 12:00 AM EDT Virgin Entertainment Group North America continued its winning streak in the first quarter of its fiscal year, posting a 15% comparable-store increase in the period ended June 30, according to VEG CEO Simon Wright. That comes on the heels of a 5.2 ...

  39. Virgin Brand Embroiled In French Storm

    July 25, 2007 12:00 AM EDT Leading French music and entertainment firms are disputing media watchdog CSA's approval of a re-branding exercise involving Richard Branson's Virgin Group. The CSA last week validated a corporate name-change, which sees French national ...

  40. Virgin Relaunches U.K. Retail Website

    July 17, 2007 12:00 AM EDT The U.K.'s Virgin Megastores retail brand is revamping its Web site with enhanced existing services, increased user participation, plus new offerings linked to live music. The move to offer a more developed digital experience comes shortly af ...

  41. Virgin, HMV War Over Prince's 'Planet Earth' Covermount

    July 09, 2007 12:00 AM EDT Britain's two leading specialist music and entertainment retailers have locked horns as the row over Prince's CD "covermount" reaches a new nadir. Virgin Megastores has slammed rival HMV, describing the company as "opportu ...

  42. Update: Fopp's Fate Hangs In Balance

    June 25, 2007 12:00 AM EDT The fate of leading U.K. independent music retailer Fopp remains uncertain despite stores re-opening on June 23, after an unexpected closure the day before. The company has publicly admitted "experiencing difficulties" after failing to o ...

  43. Virgin Plans Expansion

    April 11, 2007 12:00 AM EDT After reaping positive financial gains from remerchandising its store format, the Virgin Entertainment Group North America is once again in expansion mode. That's the word from VEGNA chairman Simon Wright, who presided over a three-year restr ...

  44. Kweli, Sugarcult Topline Virgin College Tour

    March 19, 2007 12:00 AM EDT The fourth annual Virgin College Mega Tour (VCMT) will feature rapper Talib Kweli as the headliner, with support from pop-punk band Sugarcult and former Something Corporate guitarist William Tell. The trek begins April 7 at the House of Blues in L ...

  45. Virgin Stores To Feature Pontiac Merch Towers

    December 04, 2006 12:00 AM EST Pontiac and Virgin Megastores are enhancing their co-branded marketing strategy with the placement of merchandising towers in all 13 of the chain's North American outlets, beginning this week. The Pontiac Towers, created by Leo Burnett Detroi ...

  46. HMV, Virgin Do Battle In Manchester

    November 17, 2006 12:00 AM EST Retailers launch rival initiatives. U.K. retail rivals HMV and Virgin will go head to head this coming week with respective initiatives in Manchester, England's northern music center. HMV will on Monday (Nov. 20) kick-starts a two-week HMV ca ...

  47. HMV, Virgin Do Battle In Manchester

    November 17, 2006 12:00 AM EST Retailers launch rival initiatives. U.K. retail rivals HMV and Virgin will go head to head this coming week with respective initiatives in Manchester, England's northern music center. HMV will on Monday (Nov. 20) kick-starts a two-week HMV ca ...

  48. France's VirginMega Loses 'Madonna' Court Battle

    June 27, 2006 12:00 AM EDT The commercial court of Paris has ruled against French online retailer VirginMega for selling downloads of Madonna's "Hung Up" last fall, despite not having the license from Warner Music France. The commercial court of Paris has rul ...

  49. France's VirginMega Loses 'Madonna' Court Battle

    June 27, 2006 12:00 AM EDT Exclusives issue set to rage on in France. The commercial court of Paris has ruled against French online retailer VirginMega for selling downloads of Madonna's "Hung Up" last fall, despite not having the license from Warner Music Fr ...

  50. Retail Track

    May 10, 2006 12:00 AM EDT With three Virgin Megastores closing and the impending departure of the chain's highly visible chief marketing officer, Dave Alder, U.S. distributors are pondering whether Virgin Entertainment Group N With three Virgin Megastores closing and ...

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