HMV set to close 47 more stores
Following the recent closure of all 16 of their Ireland-based stores, it looks as though HMV are set to close more stores in an effort to keep their heads above the water.
According to Deloitte, HMV's administrators, a further 37 stores are set to close, affecting 464 jobs.
"As part of our ongoing review of HMV’s financial position, we have undertaken a further review of the store portfolio and have identified an additional 37 stores for closure, says joint administrator Nick Edwards. "This step has been taken in order to enhance the prospects of the restructured business continuing as a going concern. Together with the previously identified 66 closures, this restructuring will result in a residual portfolio of some 116 stores."
HMV went into administration on January 15th. [via Sky News]
HMV is coming home to Oxford Street in time for the Christmas rush. Welcome back Nipper! [read more]
A deal to secure the future of HMV could be struck in the coming 10 days, it has been revealed, as Hilco have stepped-up the pace in terms of negotiations. [read more]
After showing to be seriously popular with customers, the HMV app has been told it must be removed from Apple's app store. [read more]