HMV to shut 66 stores
The rumoured rescue package for HMV seems to have stalled with the administrators saying that 66 of the music and DVD retailer’s stores will close over the next two months.
The affected stores employ 930 staff, Deloitte said. Last week, it was confirmed that about 190 jobs had been shed across HMV’s head office and distribution network.
HMV entered administration in January.
It has faced intense competition from online retailers, digital downloads and supermarkets in recent years.