Owners Hilco, which took the company out of its first administration in 2013, blamed a “tsunami” of retail challenges, including business rate levels and the move to digital.
It said the stores would continue to trade while negotiations were held with major suppliers and it looked for buyers… More here.
In a way it’s sad because this is a store that I have purchased from for many years, but the writing has been on the wall for far too long. From time to time I visit HMV, but it sells nothing I would buy any more.
I do not buy CDs because I use Apple Music. I do not buy DVDs because I use Prime Video, Netflix and iTunes. I do not buy headphones from HMV because they are available much cheaper elsewhere. And I do not buy T-shirts with superheroes printed on them because I am not eight years old.
The real surprise here is that the chain managed to stay alive this long. With what it sells currently it has absolutely no future at all.