I have a m8 who works in HMV, from what they are telling staff it is only a matter of time. He is actually looking for a new job now before it is to late.
Ours shutdown and is now a bank!
The issue is that currently a lot of companies use Jersey to avoid Tax and this loophole is closing soon so prices on games will increase online.
Doesn't effect Steam where I (and lots of other) buy most of our games.