We take a look at some of the top stories of the week, including HMV’s blue cross sale and the news that Jessops is going into administration.
The High Street has taken an early beating in 2013, with Jessops the first victim. PwC has now confirmed that it has been appointed administrator of The Jessop Group Limited.
This places the future of 192 Jessops stores and approximately 2,000 staff at risk.
The firm has revealed a concept video of its latest gaming feature IllumiRoom, marking another step towards virtual reality technology.
Within the video, IllumiRoom is shown to scan a users room before projecting images onto the surrounding walls, and essentially extends the game environment to surround the user and create a sense of motion.
HMV has downplayed speculation over a new wave of discounting after an ITV business reporter suggested it might be a way of raising funds ahead of debt deadlines.
Announced earlier this week, the blue cross sale is set to take place in over 230 HMV stores across the UK and Ireland, with the retailer slashing up to 25 per cent off a number of its product ranges, including CDs, DVDs, Games and other tech products.
EA has revealed the Sims 3 line-up for 2013, including two new Expansion Packs and The Sims 3 70s, 80s & 90s Stuff Pack.
The online retailer has announced that it will shut down its direct retail business and become a marketplace only business from March 2013.
Play.com has cited the closure of the Low Value Consignment Relief loophole in April last year as ultimately leading to the demise of the firm's retail business.
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