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HMV To Close Sixty Stores In UK

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HMV To Close Sixty Stores In UKHMV is a popular high street multi-media chain that seemed to survive a market that has seen the departure of the likes of Woolworths, Tower Records, Zavvi and Virgin Megastore. It also owns the Waterstones chain of bookstores, that has survived in a market despire the departure of Borders UK.

Now HMV is to close sixty stores nationally out of four hundred stores, after reporting a Christmas slump in sales of 14% year on year and admitting it is having trouble meeting the terms of a bank loan.

HMV and Waterstones both sell a large amount of graphic novels, with special prominence presence for Titan Books, who republish and redistribute DC Comics in the UK.

Games Workshop also happens to be on the skids…

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Rich JohnstonAbout Rich Johnston

Founder of Bleeding Cool. The longest-serving digital news reporter in the world, since 1992. Author of The Flying Friar, Holed Up, The Avengefuls, Doctor Who: Room With A Deja Vu, The Many Murders Of Miss Cranbourne, Chase Variant. Lives in South-West London, works from Blacks on Dean Street, shops at Piranha Comics. Father of two. Political cartoonist.
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