RECORD store giant HMV is expected to call in the administrators tomorrow morning.

The news comes after hours of rescue talks with lenders, and after a massive blue cross sale was launched by the company, seen as a last-ditch move to try to generate revenue.

It is not yet known how HMV stores in Oxford’s Cornmarket Street and in Banbury will be affected. The firm has more than 200 outlets and more than 4,000 employees.

It comes hot on the heels of last week’s announcement that camera retailer Jessops was going into administration.