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Hilco might have bought out HMV’s debt, giving it effective control over Deloitte’s administration of the troubled chain, but that doesn’t mean everything is hunky dory right now. HMV’s just announced 66 stores will close with the loss of 930 jobs. Ouch.
That’s on top of the 190-odd head-office staff that got the axe last week too, bringing the total HMV job losses to well over 1,000 and counting. No fixed date has been set for the closure of the 66 stores across the country, but they would continue trading until shutting up shop for the last time.
With 66 stores on the chopping block, that leaves 154 HMV stores still in the UK High Street. The move to close the stores and cut staff is aimed at trying to reduce cost and restructure HMV into a viable business, which Hilco managed in Canada. For the sake of keeping the legions of 99p stores at bay, let’s hope it can turn HMV around and survive. [BBC]
Image credit: Gene Hunt from flickr
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The list of stores being closed is in the BBC story. I’m very glad to see that Southampton’s isn’t on that list. I was in there yesterday and it felt like it was dying – empty window displays, no promos for upcoming releases and half-stocked shelves. Hopefully it’ll improve soon.
So that’s the last non-clothes shop gone from Croydon, I believe…
I didn’t even know they had one at Trocadero.
Well there’s GAME operating at the old Gamestation place. But yeah very surprised to see Centrale HMV closing tbh.
Well my local one in Cambridge isn’t closing.
Not that I have got anything from HMV in years, and when I tried to at Christmas they said they had stock when they didn’t which put me off. Went to Fopp instead.
It is sad that staff are losing their jobs but hopefully the majority of them will be able to find employment in another retail establishment.
The thing is if HMV is to survive it needs a serious shake up and just closing stores isn’t going to help it in the long run.
my town looks like its stayig open although i dont buy as its too dear
if they bring prices down then yes but i like most other people will buy it else where if its cheaper
Whoa! So the whole of Manchester city centre wont have an HMV store? WTF?
Isn’t there still one in the Arndale Centre?
Hm, Liverpool city centres store is staying open, as expected really, it only opened a couple of years back. There were 2 of them up until a year or so ago, until the smaller closed. Wouldn’t make sense to close both of them. Looks like we’re losing the only other one in the city proper though at Speke Retail.
Why would anyone wish to keep the 99p stores at bay? They provide far better value and service than these extortionate high Street stores. Didn’t shed a tear for comet or hmv. I hope PC world and carphone warehouse are next. And yes the 99p stores create jobs.
No.
Wow after reading up on the store closures near Edinburgh, its pretty insane.
There used to be loads around here but there will now be NONE at all around here. The nearest I can think of is one of the huge stores in Glasgow and even then I’m not sure it thats gonna stay open since I’m not 100% sure what street its on.
I really expected the 3 floor Edinburgh Princes street to stay open since its actually quite good for its selection and had a gamehub in its basement.