Bath's HMV store saved in company financial review
Bath’s HMV store is not to close as part of a company structure.
The music chain went into administration last month with the immediate loss of 190 jobs.
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The HMV store in Stall Street Bath
Join Administrators from Deloitte confirmed last week that 66 of the company’s 220 stores would be closing in the next two months. The 66 stores affected employ 930 staff.
The Bath store was not included in the list issued by Deloitte.
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Nick Edwards, Joint Administrator, said: “As part of our ongoing review of HMV’s financial position, we have now completed a review of the store portfolio and have identified 66 loss making stores for closure. 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. All other key stakeholders remain very supportive and I continue to be hopeful of securing a future for the restructured business.”
8 Comments
by rogerh3
Tuesday, February 12 2013, 7:28PM
“Unfortunately it appears that Republic, which has a branch in Southgate, is heading for administration:
http://tinyurl.com/asuzcn2
.”
by Imp-Act
Tuesday, February 12 2013, 5:56PM
“I use Spotify for all my music and I have never played a vidio game I have no use for HMV!
ps Good one Elswhereman! I'd forgotten about him/her!”
by CyrilCringe
Tuesday, February 12 2013, 3:11PM
“Amazon can undercut HMV through tax avoidance strategies. There is a report in the newspaper today that Amazon pays it's staff 1p above the minimum wage. If HMV closes down the online market will be your only choice, I for one will pay, and have paid the extra couple of pounds for a CD music album or Blu-ray movie from HMV rather than fund it's demise by using Amazon.
Incidentally, recently I have seen some Blu-ray movies selling for more on Amazon than in HMV.”
by Elsewhereman
Tuesday, February 12 2013, 1:27PM
“"http://tinyurl.com/c79emwr"
Heh. I'd often wondered how old ikantspel was: now we know! :-P”
by joejohn
Tuesday, February 12 2013, 12:41PM
“HMV too expensive
Much cheaper on Amazon
END OF”
by rogerh3
Tuesday, February 12 2013, 12:34PM
“http://tinyurl.com/c79emwr”
by rogerh3
Tuesday, February 12 2013, 12:33PM
“A stay of execution.
https://twitter.com/RoughTrade/status/291940365295030275/photo/1”
by CyrilCringe
Tuesday, February 12 2013, 12:16PM
“Good news for the staff. Great news for the public as HMV represents an ever shrinking outlet for music, video and games on the High Street. Supermarkets can't and don't offer such a wide selection of any of those three, unless it's in their "Top 20" you won't get it from the supermarkets.
All that remains to keep HMV going is to use it. Use it or lose it as they say!”