Plymouth's HMV spared the axe as 66 stores set to close
MORE than 60 HMV outlets across the country will close in the next two months - but Plymouth's store has been spared for now.
Administrator Deloitte announced this morning that 66 of the struggling entertainment firm's 220 shops have been identified for closure.
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Plymouth's HMV spared the axe as 66 stores set to close - picture by Wayne Tomlinson
They include stores in Birmingham, Croydon, Edinburgh, Manchester and Glasgow - but the shop in Drake Circus will stay open for the time being.
Joint administrator Nick Edwards said: "As part of our ongoing review of HMV's financial position, we have now completed a review of the store portfolio and have identified 66 loss-making stores for closure.
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"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.
"All other key stakeholders remain very supportive and I continue to be hopeful of securing a future for the restructured business."
7 Comments
by shipmateron
Thursday, February 07 2013, 7:56PM
“Everyone except Kirk Douglas and Yul Brynner die right near the end, I can't remember what happened after that but if I were you I wouldn't bother.”
by timplymouth
Thursday, February 07 2013, 5:58PM
“The poor Plymouth store has been through a lot. First it was Virgin Megastore, then Zavvi, then HMV and their jobs are still on the line.
It would be a shame not to have at least one shop like this in the city centre.”
by iseveryidused
Thursday, February 07 2013, 5:21PM
“Loosing thier jobs? [shudder]”
by CharlieDodd
Thursday, February 07 2013, 3:19PM
“Most music and films are legally available for free on the internet nowadays, so no wonder music shops are struggling; I'm going to watch "The Light at the Edge of the World" (1971 film) on youtube tonight- "..lighthouse keeper Kirk Douglas is hunted by murderous pirates". Hmm sounds good..”
by SeepyBee
Thursday, February 07 2013, 1:30PM
“I prefer to have the hard copy, PL1Plym - so I'm glad our store has had a reprieve.”
by lmmfao
Thursday, February 07 2013, 1:16PM
“Good news, I have always had good service from HMV shop staff and their website.”
by PL1Plym
Thursday, February 07 2013, 12:36PM
“It's sad that people are loosing thier jobs but don't the vast majority of people who buy CD's DVD's etc buy them off the internet? With iTunes you have it there instantly. That's what it's all about now.... Instant gratification!”