HMV hits hard times
News: 5th January 2011 by Louise Dodgson under Selling & Distributing Your Music
After a hard period of Christmas sales which were down 10%, HMV has been forced to take action if it does not wish to suffer another nail in the coffin. The music and books retail chain has announced it will be closing 60 stores during the course of 2011. Certainly the snowy weather conditions the UK experienced in December will not have helped HMV's sales figures at this time, however HMV has been struggling for a while now and is reportedly having difficulty adhering to the terms of a bank loan. Let's hope they can turn matters around in 2011.
Related Links
http://www.bbc.co.uk/news/business-12117510?utm_source=twitterfeed&utm_medium=twitter
http://www.guardian.co.uk/business/2011/jan/05/hmv-diminishing-returns?INTCMP=SRCH
http://paidcontent.co.uk/article/419-what-hmv-tells-us-about-the-death-of-physical-media-products/
Tags
hmv, music retail, record shop, record store, high street music retailer, music sales, record sales
