Hundreds of jobs at risk as HMV's administrators announce store closure plans

Cotswold Journal: Hundreds of jobs at risk as HMV's administrators announce store closure plans Hundreds of jobs at risk as HMV's administrators announce store closure plans

HMV administrators Deloitte have announced 66 of the music retail group's stores have been identified for closure over the next two months.

The move puts 930 jobs at risk and follows 190 redundancies made across the company's head office and distribution network last week.

The chain, which fell into administration last month, has 238 outlets, including a store in Worcester's High Street.

Deloitte said the shops would continue to trade but the closures were expected over the next one to two months.

Administrator Nick Edwards said the shops had been identified as part of an ongoing review of the company's financial position and the group still hoped to secure a future for the restructured business.

He said: "This step has been taken in order to enhance the prospects of securing the business' future as a going concern.

"We continue to receive strong support from staff and are extremely grateful to them for their commitment during an understandably difficult period."

Hopes of a rescue deal have been raised after restructuring firm Hilco - the group behind HMV Canada - bought the company's debt.

Worcestershire’s favourite son Edward Elgar opened the chain's first ever store in London's Oxford Street  in July 1921.

  • The stores earmarked for closure are:

England: Ashton-under-Lyne, Barnsley, Bayswater, Bexleyheath, Birkenhead, Birmingham Fort, Blackburn, Boston, Bournemouth Castlepoint, Bracknell, Burton-upon-Trent, Camberley, Chesterfield, Croydon Centrale, Durham, Fulham, Huddersfield, Leamington Spa, Leeds White Rose, Loughborough, Luton, Manchester 90, Moorgate, Orpington, Rochdale, Scunthorpe, South Shields, Speke Park, St Albans, St Helens, Stockton-on-Tees, Tamworth, Teesside, Telford, Trocadero, Wakefield, Walsall, Walton-on-Thames, Wandsworth, Warrington, Watford, Wellingborough, Wigan, Wood Green, Workington

Scotland: Dumfries, Edinburgh Fort, Edinburgh Gyle Centre, Edinburgh Ocean, Edinburgh Princes Street, Edinburgh St James, Falkirk, Glasgow - Fort, Glasgow - Silverburn, Glasgow Braehead, Kirkcaldy
Northern Ireland: Ballymena, Belfast Boucher Road, Belfast Forestside, Coleraine, Craigavon, Derry, Lisburn, Newry, Newtownabbey

Wales: Wrexham

Comments (5)

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12:46pm Thu 7 Feb 13

Vox populi says...

Sad that a company of this size could not get its act together to move with times and technology. The internet made digital media easily accessed from an armchair and in some cases worthless. This level of convenience will continue, book shops are already suffering along with shops of any kind.

Its about choice, some will consider shopping as a pastime or something they enjoy doing, retailers that capture this will captialize, others will suffer. Those not bothered will purchase cheaper products on line that are cheaper because they don't have the added overheads of a high street shop/advertising/del
ivery to the shop/staff wages etc etc

Sad but true, HMW are a dinosaur that couldn't see this..
Sad that a company of this size could not get its act together to move with times and technology. The internet made digital media easily accessed from an armchair and in some cases worthless. This level of convenience will continue, book shops are already suffering along with shops of any kind. Its about choice, some will consider shopping as a pastime or something they enjoy doing, retailers that capture this will captialize, others will suffer. Those not bothered will purchase cheaper products on line that are cheaper because they don't have the added overheads of a high street shop/advertising/del ivery to the shop/staff wages etc etc Sad but true, HMW are a dinosaur that couldn't see this.. Vox populi
  • Score: 0

1:32pm Thu 7 Feb 13

psychoflump says...

It's sad for the people who work for HMV but I'm not the least bit sad for HMV as an entity. They squashed the small independents. Now the shoe is on the other foot; it's their turn to get an ****-kicking.
It's sad for the people who work for HMV but I'm not the least bit sad for HMV as an entity. They squashed the small independents. Now the shoe is on the other foot; it's their turn to get an ****-kicking. psychoflump
  • Score: 0

1:34pm Thu 7 Feb 13

psychoflump says...

psychoflump wrote:
It's sad for the people who work for HMV but I'm not the least bit sad for HMV as an entity. They squashed the small independents. Now the shoe is on the other foot; it's their turn to get an ****-kicking.
Really? Can't say the alternate word for bottom? How silly.
[quote][p][bold]psychoflump[/bold] wrote: It's sad for the people who work for HMV but I'm not the least bit sad for HMV as an entity. They squashed the small independents. Now the shoe is on the other foot; it's their turn to get an ****-kicking.[/p][/quote]Really? Can't say the alternate word for bottom? How silly. psychoflump
  • Score: 0

2:13pm Thu 7 Feb 13

green49 says...

I always found HMV very expensive but as they squashed the smaller shops out of the high streets, I now buy on the internet as why pay £18 for a DVD in HMV when you can get it for half the price and delivered for free online?
I always found HMV very expensive but as they squashed the smaller shops out of the high streets, I now buy on the internet as why pay £18 for a DVD in HMV when you can get it for half the price and delivered for free online? green49
  • Score: 0

4:47pm Thu 7 Feb 13

courtesycall says...

At around £225K rent, Worcester folk must spend a fortune on music and t-shirts.
At around £225K rent, Worcester folk must spend a fortune on music and t-shirts. courtesycall
  • Score: 0

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