BREAKING: 37 HMV stores set to close, 464 jobs at risk
A further 37 HMV stores are to close, putting 464 jobs at risk, the joint administrators of the music and DVD retailer have today confirmed.
The stores identified for closure are Ashford, Basildon, Bolton, Cheltenham, East Kilbride, Enfield, Folkestone, Glasgow Argyle, Gloucester, Grimsby, Hatfield Galleria, Heathrow T5 Departure Level, Heathrow Terminal 1, Heathrow Terminal 3, Heathrow Terminal 4, Hemel Hempstead, High Wycombe, Isle of Wight, Lancaster, Leadenhall, Mansfield, Middlesbrough, Newbury, Newcastle Silverlink, Newport, Nuneaton, Redditch, Salisbury, Scarborough, Southport, Stafford, Staines, Stockport, Swindon, Taunton, Torquay and Woking.
No fixed date is set for the closure of these stores, which will continue to trade in the meantime.
£10 Off Every Pair of Binoculars Over £100 at J&A CamerasView details
We have the finest range of binoculars in the South West including ranges from Opticron, Meopta, Steiner, Leica, Hawke, Forest Optics and Swarovski. Come instore to give them a try.
Terms: Voucher for £10 off a binocular spend of £100 must be printed and presented instore at time of purchase. Only one voucher can be used per transaction. Voucher valid until July 31st 2013.
Contact: 01271 447066
Valid until: Wednesday, July 31 2013
However, it is expected closures will take place over the next four to six weeks in line with the 66 stores already identified for closure.
That round of closures was announced on February 7, and includes stores in Bayswater, Croydon, Edinburgh and Glasgow.
Nick Edwards, Joint Administrator, said: "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.
"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.
“We are extremely grateful to the staff for their continued strong support and commitment during an understandably difficult period.
"All other key stakeholders including suppliers and landlords remain supportive and we appreciate their ongoing assistance."
Administrators were called in to HMV on January 15.
Earlier this month disgruntled HMV staff hijacked the firm's Twitter account as they were being sacked.
The angry workers tweeted live the firing of 60 staff from the HR department in what they described as a "mass execution of loyal employees who love the brand".