Another big name bites the dust.
Blockbuster can no longer compete with LoveFilm/#Amazon, Apple et al
HMV brought down by online music and film - LoveFilm/Amazon, Apple et al
Jessops losing out as camera's and movie hardware goes into commodity pricing (Amazon) and online and smartphones (Apple)
2012 was one of the worst years for retail failures - 54 Firms, 3,951 Outlets and 48,142 Employees
2013 from the 3 big names, Jessops, HMV, Blockbuster is 954 stores and 9,910 staff (Source BBC).
That suggest the failure rate is still rising. However, most recessions end with a lot of firms failing at the final hurdle, indeed some like Robert Peston
say this has to happen to end the recession and well known VC's like Jon Moulton
are investing in litigation firms.