Zavvi

  1. How Germany Overtook The U.K. To Become Europe's Largest Music Market

    April 11, 2011 2:58 PM EDT Having long played second fiddle to the United Kingdom, Germany now ranks as the largest music market in Europe, according to international music trade body IFPI. The reversal was announced last week with the publication of IFPI's annual &quo ...

  2. U.K.'s Major Label Heads Rally Around Beleaguered Music Retailer HMV

    January 20, 2011 12:00 AM EST Music and books retailer HMV has appointed accountancy firm KPMG to advise on its debt and help it meet an April test of its borrowing rules, a source familiar with the situation said. The source said Thursday that KPMG, already an adviser to HMV, ...

  3. HMV Year Profit Up 18%

    June 30, 2010 12:00 AM EDT HMV Group has revealed an 18% increase in pre-tax profits for the year ending April 24, 2010 to £74.2 million ($111 million). However, like for like sales at U.K. entertainment retailer HMV (including Ireland) were down 2.4% compared to the prior ...

  4. Best Buy Unveils First U.K. Store

    April 27, 2010 12:00 AM EDT U.S. retail giant Best Buy has opened the doors to its first U.K. store, marking the start of its ambitious European expansion plans, which it says will see eight to 10 U.K. superstores open in year one and the creation of approx 8,000 British job ...

  5. HMV Targets New Products, Live Music Market

    March 26, 2010 12:00 AM EDT British entertainment retailer HMV is targeting earnings growth over the medium term by increasing sales of new products in music, visual and games and raising its presence in live music and ticketing. In a strategy update, the firm pledged a turn ...

  6. HMV, Orange Partner On Mobile Gaming

    March 19, 2010 12:00 AM EDT U.K. entertainment retailer HMV is adding mobile gaming to its increasingly diverse business set-up. In the past 14 months HMV - which has become dominant in that market following the demise of music retail rivals Zavvi and Woolworths - has taken ...

  7. HMV 'Could Be Target For Private Equity Bid'

    March 04, 2010 12:00 AM EST U.K. entertainment retailer HMV's share performance could make it a target for private equity bidders, an influential retail analyst has claimed. Arden Securities' Nick Bubb said despite its position as the "last man standing" ...

  8. Take That Lead U.K. Music DVD Sales Surge

    January 07, 2010 12:00 AM EST U.K. pop act Take That's "The Circus - Live" (Universal) was the biggest music DVD release of 2009 in Britain, moving 574,000 copies according to the Official Charts Company. Overall, music video sales ended the year up 14.1% compar ...

  9. U.K. Retailers Warn Of Labels' Conservatism

    December 31, 2009 12:00 AM EST U.K. entertainment retailers fear that conservatism among music, film and games companies means their products face losing the interest of the British public. That's the core point of a New Year message issued to the entertainment industry to ...

  10. New Zavvi Owner Eyes Pop-up Stores

    December 18, 2009 12:00 AM EST The Hut Group, owners of the Zavvi brand, are considering following U.K. entertainment retailer HMV by launching temporary stores. The Cheshire-based company acquired the Zavvi name from the administrators following the demise of the entertainment ...

  11. 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 ...

  12. U.K. Music Biz Monitors Developments At Borders

    November 27, 2009 12:00 AM EST The U.K. music industry is keeping a watchful eye over developments at troubled book retail chain Borders U.K. following the company's recent fall into administration - roughly equivalent to Chapter 11 bankruptcy protection (Billboard.biz, No ...

  13. HMV Rolls Out Temporary Christmas Stores

    October 22, 2009 12:00 AM EDT U.K. entertainment retailer HMV is launching its first temporary stores for the Christmas trading period. "We opened the first one last weekend in Bluewater and the next four open in Saturday (Oct. 24)," HMV Group chief executive Simon F ...

  14. HMV To Open Temporary Xmas Stores

    September 21, 2009 12:00 AM EDT U.K. entertainment retailer HMV is planning to open up to 15 temporary stores for the Christmas trading period. HMV Group CEO Simon Fox tells Billboard.biz that the retailer will take temporary leases in towns that currently lack a retail entertai ...

  15. 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 ...

  16. HMV Group Profit Up 12%

    June 30, 2009 12:00 AM EDT Britain's HMV Group Plc has seen an unprecedented surge in demand for Michael Jackson's music following the singer's death on Thursday, the retailer said, as it met forecasts with a 12% rise in profit. Chief executive Simon Fox said ...

  17. 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 ...

  18. 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 ...

  19. U.K. Sales Fall In Single Figures

    March 24, 2009 12:00 AM EDT Recorded music sales in the U.K. were down 1.9% in volume and 6.9% in value in 2008, according to figures compiled by the Official Charts Company and published by the Entertainment Retailers' Association. The ERA annual yearbook states that t ...

  20. 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 ...

  21. 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 ...

  22. Deloitte Confirms EUK Stock Sale

    February 12, 2009 12:00 AM EST The administrator of Woolworths distribution arm EUK, has confirmed it has begun the sale of all remaining stock at the company's warehouse. In reply to recent media speculation that the 2.9 million CDs, 1.8 million books and 1.1 million game ...

  23. Zavvi Confirms More Store Closures

    February 05, 2009 12:00 AM EST The joint administrators of U.K. entertainment retail chain Zavvi have announced the closure of a further 17 stores, leading to the redundancy of 242 employees. Among the stores affected are Blackpool, Coventry, Harlow and York. The remaining 31 s ...

  24. 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 ...

  25. WH Smith Reports 'Challenging' Christmas

    January 27, 2009 12:00 AM EST U.K. retail chain WH Smith PLC has revealed total like for like (LFL) sales were down 5 percent over the 20 weeks to Jan. 17, in the wake of Woolworths-owned distributor EUK's collapse before the busy Christmas shopping period (Billboard.biz, ...

  26. 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 ...

  27. 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 ...

  28. 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 ...

  29. Blu-ray Lights Up U.K. DVD Sales

    January 02, 2009 12:00 AM EST Demand for the high-definition Blu-ray format drove U.K. DVD volumes up in 2008, according to new figures from trade body the British Video Association. Total DVD sales rose 1.9% year-on-year to 252.9 million units. That included 3.7 million Blu-r ...

  30. 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 ...

  31. 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 ...

  32. Distributor EUK Winds Down, 700 Jobs Cut

    December 12, 2008 12:00 AM EST Entertainment wholesale distributor EUK has failed to attract a buyer and the business will now be wound down by the administrators. EUK, which was part of Woolworths Group, will continue to operate with a reduced workforce of 375 employees. Seven ...

  33. HMV Posts £27.5m Six-Month Loss

    December 11, 2008 12:00 AM EST Retail group HMV suffered a pre-tax loss of £27.5 million ($41.2 million) in the 26 weeks ended Oct. 25. After the company's interim results were published at 7am GMT this morning, HMV Group shares fell on the London Stock Exchange from last ...

  34. Zavvi Suspends Web Site

    December 02, 2008 12:00 AM EST Following major problems with distributor EUK, U.K. entertainment retailer Zavvi has temporarily suspended its Web site service, as it is unable to guarantee supplies to customers. The Woolworths-owned EUK went into administration along with the g ...

  35. Zavvi Misses Out On Take That, Britney

    December 01, 2008 12:00 AM EST Continuing problems with distributor EUK meant that U.K. entertainment retailer Zavvi did not have stock of major new albums by Britney Spears and Take That on the day both sets were released. As previously reported , EUK is in administration but ...

  36. U.K. Retailers Facing EUK Supply Logjam

    November 28, 2008 12:00 AM EST British entertainment retailers are facing up to major supply problems from EUK, after the Woolworths Group's distributor went into administration along with the company's retail business. It has emerged that EUK has not been making deli ...

  37. 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 ...

  38. 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 ...

  39. 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 ...

  40. 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 ...

  41. HMV U.K. Had Happy Holidays

    January 17, 2008 12:00 AM EST HMV Group says it expects its pre-tax profits to be towards the upper end of market expectations after reporting a Christmas sales surge of 9.4% compared to the previous year, while the company's powerhouse music/entertainment chain HMV U.K. ...

  42. 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 ...

  43. 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 ...