HMV in Bolton is to remain open

The Bolton News: HMV in Bolton is to remain open HMV in Bolton is to remain open

THE music will play on at Bolton’s HMV store after administrators announced it was safe from the closure of 66 branches across the UK.

The 10 staff at the Crompton Place shop are secure — but more than 900 other HMV workers face redundancy in other branches.

Manchester city centre’s iconic 90 Market Street store is to shut — although the nearby Arndale Centre store is staying open.

Other smaller shops in Rochdale, Ashton, Wigan and Blackburn are also to close as part of the recovery plans for the music, DVD and games chain. The Trafford Centre site remains open.

Administrators at accountancy firm Deloitte announced the news yesterday. The 66 affected shops employ 930 staff but no fixed date has been set for the closures. All shops which will continue to trade in the meantime. However, it is expected that closures will take place over the next two months. HMV currently operates from 220 UK branches.

It opened a lot of smaller branches in the 2000s but was traditionally based only in large towns and city centres. The closures will return HMV to a smaller chain reflecting its size during its 1980s heydays.

Nick Edwards, a joint administrator at Deloitte, said: “As part of our ongoing review of HMV’s financial position, we have have identified 66 loss-making stores for closure. This step has been taken in order to enhance the prospects of securing the business’ future as a going concern.

“We continue to receive strong support from staff and are extremely grateful to them for their commitment during an understandably difficult period. All other key stakeholders remain very supportive and I continue to be hopeful of securing a future for the restructured business.”

Other north-west shops to close include Warrington, St Helen’s and Birkenhead. Other big cities are affected as well as Manchester, with closures in Edinburgh, Glasgow, Leeds, Birmingham and London.

Comments (3)

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8:56am Fri 8 Feb 13

wagstaff says...

shame, should have shut it down,nothing but robbers, how can thay still sell CD"S from 10years + ago for more than when thay first came out.
that unit would have made a great new £1.00 shop which is what bolton realy needs
shame, should have shut it down,nothing but robbers, how can thay still sell CD"S from 10years + ago for more than when thay first came out. that unit would have made a great new £1.00 shop which is what bolton realy needs wagstaff

11:10am Fri 8 Feb 13

Phil from Smithills says...

So the Manchester store has closed... let hope they now travel to the Bolton store and shop in our town instead of them encouraging us to go to their city and shop
So the Manchester store has closed... let hope they now travel to the Bolton store and shop in our town instead of them encouraging us to go to their city and shop Phil from Smithills

12:55pm Fri 8 Feb 13

boltoncity says...

im a little but suprised that it avoided the cut with it being not in a large city centre and tucked away somewhat but great news for the staff and the town.
Its almost a part of bolton history now.
im a little but suprised that it avoided the cut with it being not in a large city centre and tucked away somewhat but great news for the staff and the town. Its almost a part of bolton history now. boltoncity

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