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HMV to close a further 37 stores leaving hundreds out of work
ADMINISTRATORS running collapsed music and DVD retailer HMV yesterday confirmed they would close another 37 stores across the UK, resulting in a further 464 job cuts.
Deloitte’s Nick Edwards said the closures, which come on top of a previously announced wave of 66 closures, were required to “enhance the prospects of the restructured business continuing as a going concern”.
Stores, including all four units at Heathrow airport, will shut over the next four to eight weeks. This will leave HMV with just 116 shops, around half the number it had when it was placed into administration on 15 January.