The Oxford branch of music store Zavvi is to close today with the loss of 16 jobs, it has been confirmed.

The outlet on Cormarket Street is one of 15 to shut across the country as administrators Ernst & Young struggle to find a buyer for the troubled business.

Joint administrator Tom Jack said: “We continue to trade 48 stores in the UK, however, in doing so we have to manage the cost base of the company with a view to maximising returns to creditors.

“This includes a constant re-evaluation of our property portfolio in line with trading performance.

“Consequently, with reducing stock levels we have had to manage our cost base accordingly and close a further 15 stores.”

Zavvi was taken into administration on Christmas Eve after being hit following the failure of Woolworths whose subsidiary, Entertainment UK, was its sole supplier.

It is the fourth major retailer to shut up shop in the city in past week, following clothing store USC, the Early Learning Centre in Queen Street and Land of Leather in Botley Road.