HMV Hull avoids second round of store closures
Hull's HMV store has avoided the latest round of closures.
Administrators for the entertainment chain announced today a further 37 branches are to close, putting 464 jobs at risk.
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HMV's store in Whitefriargate, Hull
Stores in Grimsby and Scarborough are among those earmarked for closure.
It is expected they will shut up shop over the next four to six weeks.
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Today's announcement takes the total number of store closures to 103, after 66 were identified earlier this month.
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".
5 Comments
by McLafferty
Wednesday, February 20 2013, 4:46PM
“That's good, Hull have enough unemployed as it is! Fingers crossed for you all.”
by Maccy_george
Wednesday, February 20 2013, 3:24PM
“I hope HMV survives in Hull longterm but for it to do that it must move from the ghost town that is Whitefriargate.”
by David_Nivea
Wednesday, February 20 2013, 2:31PM
“"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".
1: HR, Human Resources, suggests that the staff are simply a commodity, such as fixtures & fittings, or simply an asset - humans reduced to mere ciphers by the corporate sausage machine. You're not a human, you *are* a number.
2: "mass execution..." rather dramatic, what?”
by rod020
Wednesday, February 20 2013, 2:25PM
“I tend to buy a lot of DVDs and always prefer to get them in store rather than online. No shipping costs, no waiting for delivery, lost packages etc. Of course, I buy a lot online also; some stuff just isn't available any other way, but the pleasure of browsing in a shop and finding the unexpected can't be beat. Plus I've always found the staff at HMV in Hull to be really friendly and helpful.
Keep your spirits up and hold your heads high guys.”
by VicMay
Wednesday, February 20 2013, 1:40PM
“Good news for the staff, and those of us who prefer to buy our DVDs locally.”