Belfast Telegraph

Fat lady sings for HMV Bangor as store announces closure

By Margaret Canning

A HMV store closes this Friday after nearly a decade in business.

The beleaguered entertainment retailer said it was "reluctantly" shutting its store in Main Street, Bangor. HMV announced in January last year that it would be shutting 40 of its 185 stores across the UK and Ireland.

It is thought to be in consultation with nine members of staff in Bangor, and intends to redeploy some staff to other HMV stores in the area, including Belfast.

High operational costs including rent, combined with market conditions, have led to the decision to shut the Bangor shop.

A spokesman said: "We're really sorry to be closing our Bangor store, which is not a decision we've taken lightly and certainly doesn't in any way reflect on the fantastic work colleagues we have there or indeed on our regular customers - who we'd like to thank most sincerely for their valued support over the past eight years...

"I'm pleased to say, however, that we have no plans to close other stores in the region, and we look forward to perhaps seeing some of our Main Street customers in nearby HMV Belfast or even online at"

HMV has suffered falling profits as consumers buy online in increasing numbers. It was hit by an 8.2% fall in like-for-like sales in the five weeks to Christmas though technology sales were up.

It also has debts of £150m.