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.
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A further 37 HMV are set to close, in addition to the 66 stores identified for closure earlier this month
• Torquay HMV store to close administrators announce
No fixed date is set for the closure of these stores, which will continue to trade in the meantime.
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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".
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