Troubled music, video games, and DVD retailer, HMV, has announced that it’s due to close sixty-six stores throughout England and Scotland. The sixty-six stores will close in order to help save the company, which has been struggling to keep up with a changing market. Sadly, 930 members of staff at HMV will lose their jobs. The first closures are expected in a month’s time. Other stores could remain open longer.
“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.”
– Administrator Nick Edwards