Feeds

High street music retailer ChoicesUK goes titsup

And then there were two

Internet Security Threat Report 2014

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. ®

Providing a secure and efficient Helpdesk

More from The Register

next story
Facebook, Apple: LADIES! Why not FREEZE your EGGS? It's on the company!
No biological clockwatching when you work in Silicon Valley
Doctor Who's Flatline: Cool monsters, yes, but utterly limp subplots
We know what the Doctor does, stop going on about it already
'Cowardly, venomous trolls' threatened with TWO-YEAR sentences for menacing posts
UK government: 'Taking a stand against a baying cyber-mob'
Happiness economics is bollocks. Oh, UK.gov just adopted it? Er ...
Opportunity doesn't knock; it costs us instead
Arab States make play for greater government control of the internet
Nerds told to get lost in last-minute power grab bid at UN meeting
Zippy one-liners, broken promises: Doctor Who on the Orient Express
Series finally hits stride, but Clara's U-turn is baffling
Don't bother telling people if you lose their data, say Euro bods
You read that right – with the proviso that it's encrypted
Apple SILENCES Bose, YANKS headphones from stores
The, er, Beats go on after noise-cancelling spat
prev story

Whitepapers

Forging a new future with identity relationship management
Learn about ForgeRock's next generation IRM platform and how it is designed to empower CEOS's and enterprises to engage with consumers.
Why cloud backup?
Combining the latest advancements in disk-based backup with secure, integrated, cloud technologies offer organizations fast and assured recovery of their critical enterprise data.
Win a year’s supply of chocolate
There is no techie angle to this competition so we're not going to pretend there is, but everyone loves chocolate so who cares.
High Performance for All
While HPC is not new, it has traditionally been seen as a specialist area – is it now geared up to meet more mainstream requirements?
Intelligent flash storage arrays
Tegile Intelligent Storage Arrays with IntelliFlash helps IT boost storage utilization and effciency while delivering unmatched storage savings and performance.