belfasttelegraph

Thursday 20 June 2013

HMV to close nine Northern Ireland stores as 66 outlets are axed nationwide

Entertainment Superstore, HMV has gone into Administration. HMV in Donegal Place, Belfast
Entertainment Superstore, HMV has gone into Administration. HMV in Donegal Place, Belfast

HMV's administrators are to close 66 shops at the music chain in a move set to cost nearly 1,000 jobs.

Deloitte said the shops would continue to trade but the closures were expected over the next one to two months.

Administrator Nick Edwards said the shops had been identified as part of an ongoing review of the company's financial position and the group still hoped to secure a future for the restructured business.

The stores earmarked for closure are:

  • England: Ashton-under-Lyne, Barnsley, Bayswater, Bexleyheath, Birkenhead, Birmingham Fort, Blackburn, Boston, Bournemouth Castlepoint, Bracknell, Burton-upon-Trent, Camberley, Chesterfield, Croydon Centrale, Durham, Fulham, Huddersfield, Leamington Spa, Leeds White Rose, Loughborough, Luton, Manchester 90, Moorgate, Orpington, Rochdale, Scunthorpe, South Shields, Speke Park, St Albans, St Helens, Stockton-on-Tees, Tamworth, Teesside, Telford, Trocadero, Wakefield, Walsall, Walton-on-Thames, Wandsworth, Warrington, Watford, Wellingborough, Wigan, Wood Green, Workington
  • Scotland: Dumfries, Edinburgh Fort, Edinburgh Gyle Centre, Edinburgh Ocean, Edinburgh Princes Street, Edinburgh St James, Falkirk, Glasgow - Fort, Glasgow - Silverburn, Glasgow Braehead, Kirkcaldy
  • Northern Ireland: Ballymena, Belfast Boucher Road, Belfast Forestside, Coleraine, Craigavon, Derry, Lisburn, Newry, Newtownabbey
  • Wales: Wrexham

He said: "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."

The group, which currently has 220 UK stores, called in the administrators last month, but hopes of a rescue deal have been raised after restructuring firm Hilco - the group behind HMV Canada - bought the company's debt.

 

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