The Recession Claims Another Retail Victim

9th March 2009

Zavvi formerly Virgin megastore has officially closed their doors despite having better figures than this time last year. Zavvi is the latest store to announce they’re closing costing 178 jobs over their 22 stores. Zavvi went into administration just before Christmas but have real problems now their main supplier has gone. With the loss of Woolworths, Zavvi would never have survived the recession some retail analysts believe and the remainder of their stock has been bought by a company led by their former chief executive Simon Douglas.


Kate McCarthy of McCarthy Retail Recruitment stated “with Zavvi in particular, they were trading very well. They were a victim of Woolworth’s demise as opposed to how the business was trading. Although there have been many complaints that administrators would not allow the use of any vouchers bought at Zavvi after the administration was announced Zavvi still remained popular despite this and will mean the loss of one of the biggest independent retailers in the UK.


McCarthy also commented “They have got some fantastic employees in the business. They will all be placed in new positions.” But with the retail sector diminishing no jobs can be guaranteed and all ex-Zavvi employees will find themselves pitted against each other for the same positions. Branching out and using all resources available is especially important and using a capped fee recruitment agency could make all the difference to smaller retail businesses looking to recruit the most experienced applicants in the market.