Zavvi, the music retailer that went into administration before Christmas, has closed 22 stores today.
The remaining 92 stores will continue to trade for the time being and further reductions off current discounted prices will be made to sell stock.
The closure of the 22 stores will lead to 178 job losses.
Tom Jack, joint administrator for Zavvi at Ernst & Young, said: ‘We intend to continue to trade the remaining Zavvi portfolio with a view to selling all or part of the Zavvi business as a going concern. So far we have received 60 expressions of interest which we continue to actively pursue.’
He added: ‘Despite record consumer demand since Christmas it is no longer possible to support continued trading across all of the Zavvi stores. Unfortunately the current difficulties faced on the UK high street seem to be discouraging retailers from investing in a significant number of new stores.’