Feeds

High street music retailer ChoicesUK goes titsup

And then there were two

Security for virtualized datacentres

The long death march of Britain's bricks and mortar entertainment chains moved a step closer to oblivion today, with the announcement that ChoicesUK is headed into administration.

The Peterborough-based music, film, and gaming group has over 160 stores nationwide and employs 1,650 staff. A spokesman said it has been taking cost-cutting measures and would continue to trade while and administrator is sought. The first choice would be to maintain ChoicesUK as a going concern, he said.

Directors publicly admitted the firm was struggling at Easter and blamed the unseasonally good weather back then. Unlike for online retailers, who yesterday reported a bumper July, the filthy summer doesn't seem to have helped matters, and attempts to find a buyer for the business have failed.

A statement said: "Until very recently, the directors were hopeful that a successful outcome would result. However, despite extensive negotiations, it has not been possible to reach an agreement on terms acceptable to all parties. Therefore, the directors have decided that it is in the best interests of the creditors to seek to appoint Administrators as soon as possible." Trading shares in the group has been suspended on AIM.

ChoicesUK's woes swiftly follow the much-lamented disappearance of Fopp, and leaves only Virgin Megastores and HMV to duke it out for last man standing. In the last four years national chains Andy's Records, MVC, Tower Records, and Music Zone have all hit the buffers too.

As well as pressure from the internet at the younger end of the market, the specialists have suffered as mainstream punters choose to pick up James Blunt's opus with their weekly supermarket grocery shop.

The ChoicesUK administration statement is here. ®

Reducing the cost and complexity of web vulnerability management

More from The Register

next story
Phones 4u slips into administration after EE cuts ties with Brit mobe retailer
More than 5,500 jobs could be axed if rescue mission fails
JINGS! Microsoft Bing called Scots indyref RIGHT!
Redmond sporran metrics get one in the ten ring
Driving with an Apple Watch could land you with a £100 FINE
Bad news for tech-addicted fanbois behind the wheel
Murdoch to Europe: Inflict MORE PAIN on Google, please
'Platform for piracy' must be punished, or it'll kill us in FIVE YEARS
Phones 4u website DIES as wounded mobe retailer struggles to stay above water
Founder blames 'ruthless network partners' for implosion
Found inside ISIS terror chap's laptop: CELINE DION tunes
REPORT: Stash of terrorist material found in Syria Dell box
Sony says year's losses will be FOUR TIMES DEEPER than thought
Losses of more than $2 BILLION loom over troubled Japanese corp
prev story

Whitepapers

Providing a secure and efficient Helpdesk
A single remote control platform for user support is be key to providing an efficient helpdesk. Retain full control over the way in which screen and keystroke data is transmitted.
WIN a very cool portable ZX Spectrum
Win a one-off portable Spectrum built by legendary hardware hacker Ben Heck
Saudi Petroleum chooses Tegile storage solution
A storage solution that addresses company growth and performance for business-critical applications of caseware archive and search along with other key operational systems.
Protecting users from Firesheep and other Sidejacking attacks with SSL
Discussing the vulnerabilities inherent in Wi-Fi networks, and how using TLS/SSL for your entire site will assure security.
Security for virtualized datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.