More HMV Stores Close

Deloitte, the firm behind the handling of HMV’s administration has issued a statement revealing the names of the next set of stores due for closure.

Coming as part of a restructuring of the business, Deloitte set out to close a total of 66 high street stores, branches that were making the least amount of money. With this announcement, it brings the total number of closures to 103 stores. Obviously, this is way more than originally planned so it appears that the realigning of the business is a bigger task than originally thought.

HMV

 

Deloitte’s Nick Edwards explained the closure of the additional 37 “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.” Said Edwards. “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.”

The stores set 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, Woking.

George Sinclair is an editor for Analog Addiction, the home of the latest news, reviews and previews. You can find George on Twitter and his blog on IGN. Be sure to follow the OFFICIAL Analog Addiction Twitter as well! 

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2 thoughts on “More HMV Stores Close

  1. Pingback: HMV Out Of Administration | Analog Addiction

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