HMV calls in administrator
AILING music chain HMV has lost its battle for survival in a devastating blow for the British high street and more than 4,000 staff.
The appointment of Deloitte as administrator to the 92-year-old business comes after the failures of Jessops and Comet caused the closure of 422 stores and loss of more than 8,000 jobs.
HMV's 238 outlets - including those in the Potteries Shopping Centre and in Stafford - will remain open while Deloitte attempts to find a buyer for some or all of the business, although it is likely that there will be widespread store closures as a result of the collapse.
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Comments
by PlayboyLeaLea
Tuesday, January 15 2013, 11:34PM
“at this rate there won't even be a high street anymore =(”
by Anon_mow_cop
Tuesday, January 15 2013, 9:37PM
“I think part of the reason was HMV tried to sell everything, like Woolworths did and went the same way as them.Looking for a military history in HMV Hanley recently the price was stupidly expensive.”
by stevenweiss
Tuesday, January 15 2013, 6:48PM
“hardly a devastating blow to the high street, as you report. No-one's been spending money there, so it won't be a great loss to anyone apart from those who worked there.”
by lagu2
Tuesday, January 15 2013, 4:51PM
“It's a shame that this has happened, but with online shopping at much cheaper prices i think that all shops must look at this if they want to continue, but why is it cheaper on line, yes you do not have to pay staff or for a shop but it's the same product. i have seen many items for sale online but more expensive in store. i think the store owners must address this so that people can still go into shops to buy and not just online. People will always want to go into stores maybe the best way is if the store displayed items to buy, then the customer goes to a termnal in store to buy on line, who knows but many store are going to close this year”