Virgin has put paid to any suggestion it will return to High Street retail, after Sir Richard Branson ‘inherited’ seven Zavvi stores this week. MCV can reveal that Branson still holds the leases on Zavvi’s flagship Tottenham Court Road store, the chain’s biggest store in Birmingham and five other retail …

EA is celebrating a dual Christmas triumph – after FIFA 09 took the official Christmas No.1 spot in the All Formats chart and sailed past two million UK sales. The title returned to the top of the GFK-ChartTrack/ELSPA All Formats Top 40 this week, following a post-Christmas sales jump – …

Independent MMO developer CCP has confirmed that the tenth free expansion for its globally popular MMO EVE Online will arrive on March 10th – the same day that Atari brings the first boxed iteration of the game to retail. EVE Online: Apocrypha sees a network of unstable wormholes open across …

North American and global games retailer GameStop has posted some strong numbers for its festive sales period, showing that the company enjoyed its best ever performance for the nine weeks ending January 3rd. Sales for the firm totalled $2,856m, up 22.3 per cent from the $2,335m seen in the same …

Woolworths’ largest shareholder Ardeshir Naghshineh has called the demise of the retailer unnecessary”, and talked of his frustration over the collapse. Naghshineh has also talked of the terrible shame” of 30,000 people losing their jobs – as administrator Deloitte profits from the retailer’s downfall. He told Sky: "It seems a …

Electronic Arts has announced that The Godfather II will be released in the UK on March 6th, as well as revealing new in-game content that will be exclusive to anyone who pre-orders the title. Consumers who pre-order from selected retailers will be given an exclusive crew member to hire into …

We ask: * Garry Williams, Business Development Director, Mastertronic; * Simon Reynolds, European Games Director, Avanquest Software; * Craig Johnson, Managing Director, Focus Multimedia;* Paul Andrews, Chief Executive, Entain8.Industry pundits have been predicting the death of the PC market for years, but it seems that budget is playing a key …

Sainsbury’s has announced that it enjoyed its best ever Christmas period, boasting strong performance and healthy increases in sales during the third quarter of its financial year. The supermarket reported that total sales for the three months ended January 3rd had risen by 4.8 per cent, or 5.3 per cent …

Asda has stressed to MCV sister site PC Retail that it is ‘confident’ that customers of its Asda Direct operation will not be affected by the collapse of one of its key electricals suppliers, Miller Brothers. "We are confident our customers will not lose out," a spokesman for the supermarket …

Zavvi administrator Ernst & Young has closed 22 of the retailer’s UK stores – leading to the redundancy of 178 employees. That brings the total of Zavvi employees now without a job to 241, after 69 staff lost their jobs at the retailer’s London HQ last week. The Joint Administrators …