Will HMV disappear from our High Street forever?
9:00am Wednesday 16th January 2013 in News
ONE of Bolton’s few remaining record shops is under threat after music retailer HMV went into administration.
But bosses from an independent Bolton record shop says there is still a future for niche retailers.
The chain, which employs 10 people in Bolton and has 230 stores across the UK and Ireland, has been hit by falling sales, due to people chosing to buy products online or download music and films onto MP3 players.
Bolton’s Crompton Place branch has seven full-time and three part-time staff and was yesterday trading as normal, although customers were unable to use gift vouchers.
Workers were unable to comment on the news.
Trevor Moore, the UK boss of HMV, said he was confident of finding a solution with administrators Deloitte.
He added: “The intention is to continue to trade at the stores."
“I would like to personally pay tribute to the 4,500 people who work for HMV. This is a very worrying time for them and their families."
Cllr Christopher Peacock was among the shoppers at Bolton’s HMV yesterday.
He said staff told him it was busier than usual as shoppers tried to show their support.
Customer Francis Platt, aged 62, from Bolton, said: “I’ve come here for 30 years. I buy things occasionally but some of my friends come here weekly.
“It would be a real shame if HMV disappeared. There used to be an Andy’s Records in Bolton and Woolworths, but they’ve all gone. Jessops and Comet closed recently. It’s like one shop closing after another.”
Despite the uncertainty, Steve Meekings, owner of X Records in Bridge Street, said it would be a “shame” if HMV disappeared from the high street.
He added: “There’s still a niche market for music and entertainment, especially associated merchandise.
“We still sell new-release CDs, including classical music and soundtracks, and even some cassettes. Despite HMV’s problems, this is not the death of record shops.”
HMV has struggled against online competition. It is the UK’s last remaining national music retailer.
It bought the Waterstones book chain in 1998, but was forced to sell it last year.