Saved HMV shop ‘shows confidence in town centre’

RETAIL and council chiefs say the news that Bolton’s HMV shop will stay open shows belief in the town centre.

Administrators at Deloitte, the accountancy firm, announced that the Crompton Place store was safe from the closure of 66 other UK branches.

The news means the shop’s 10 jobs are secure — although more than 900 other HMV workers face redundancy elsewhere.

Shops in Rochdale, Ashton-under-Lyne, Wigan and Blackburn are among those set to close, along with one of the two Manchester city centre stores.

Malcolm Angus, manager of Crompton Place, said: “It is terrific news for the centre and terrific news for the town. I am delighted for the staff at the Bolton store who have been facing a difficult and uncertain time.

“HMV is an integral and much valued part of our centre and we are pleased the doors will remain open for the six million customers a year who visit Crompton Place.”

Cllr Christopher Peacock called on shoppers to support HMV when it went into administration late last month.

He visited the Crompton Place shop, met staff and urged shoppers to support local shops.

Cllr Peacock said: “I’m delighted the Bolton store is going to remain open. It shows the confidence the people of Bolton have in it and its hard-working staff. It also shows the confidence the administrators have in Bolton town centre.

“I repeat my call for all residents to continue supporting their town centre shops across the borough. They will only stay open if we shop in them.”

Cllr Cliff Morris, Bolton Council leader, said: “This is excellent news for Bolton. HMV is an iconic retailer and the shop has been part of our town centre for more than 30 years.

“The fact it will remain open is a vote of confidence in the town centre and is good news for shoppers and the local people who work there.”

No dates have yet been given for the closure of the 66 affected shops. They will all continue to trade but it is expected closures will take place over the next two months. HMV currently has 220 UK branches.

High street traders have been hit hard in recent months, with Comet, Jessops and Blockbuster branches all closing.

Comments (3)

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9:31am Mon 11 Feb 13

oftbewildered2 says...

it is pleasing that this store has been reprieved, but Council should remember that 'one swallow does not a summer make'. However it is a start. Now let's see if I can source what I want to purchase today in the town centre, or will I have to yet again go on line?
it is pleasing that this store has been reprieved, but Council should remember that 'one swallow does not a summer make'. However it is a start. Now let's see if I can source what I want to purchase today in the town centre, or will I have to yet again go on line? oftbewildered2
  • Score: 0

1:59pm Mon 11 Feb 13

The Bullet says...

“The fact it will remain open is a vote of confidence in the town centre and is good news for shoppers and the local people who work there.”

Hahaha....anything to put a spin on things. The reason it stayed open is simple. The landlord deferred the rent to keep it a going concern as there was no danger of gaining a new tenant. Bugger all to do with the prospects of Bolton Town Centre.

Related to this, i was told that Bolton Council are begging Debenhams not to go by giving them a massive financial incentive to stay. If only all the smaller retailers were given some encouragement.

Saying that though, if you need to lay a bet, borrow some money at a glorified loan shark or lay a bet, head over to Newport Street, (10 second walk from HMV)...you have plenty of choice...a truely economically efficient market.
“The fact it will remain open is a vote of confidence in the town centre and is good news for shoppers and the local people who work there.” Hahaha....anything to put a spin on things. The reason it stayed open is simple. The landlord deferred the rent to keep it a going concern as there was no danger of gaining a new tenant. Bugger all to do with the prospects of Bolton Town Centre. Related to this, i was told that Bolton Council are begging Debenhams not to go by giving them a massive financial incentive to stay. If only all the smaller retailers were given some encouragement. Saying that though, if you need to lay a bet, borrow some money at a glorified loan shark or lay a bet, head over to Newport Street, (10 second walk from HMV)...you have plenty of choice...a truely economically efficient market. The Bullet
  • Score: 1

2:48pm Tue 12 Feb 13

BWFC71 says...

Any financial benefit to beg debenhams to stay would basically be illegal as:-
1. Bolton Council do not own The Market Place Shopping Centre and as such do not control rent prices.
2. Bolton Council do not set business rates as they are set by Central Government. The council only collects it and then send on the money to London - so no savings can be done there.
3. The car-prak, any incentive for that, would have to come from the owner of The Market Place or the car-park operator as, yet again, Bolton Council do not own either.

Any benefit would have to basically from the Council Tax, and as shown already, today, they have already cheated their way round it (may be legal but itss immopral - just as bad as tax avoidance) and set a council tax rise higher than the Government set 2% level. So why should council tax payers help keep a store in town, just because there is not enough incentive for them to stay from being in Bolton alone!!!

That is the problem of Bolton - its current image, an image that has been created by the council alone!!!
Any financial benefit to beg debenhams to stay would basically be illegal as:- 1. Bolton Council do not own The Market Place Shopping Centre and as such do not control rent prices. 2. Bolton Council do not set business rates as they are set by Central Government. The council only collects it and then send on the money to London - so no savings can be done there. 3. The car-prak, any incentive for that, would have to come from the owner of The Market Place or the car-park operator as, yet again, Bolton Council do not own either. Any benefit would have to basically from the Council Tax, and as shown already, today, they have already cheated their way round it (may be legal but itss immopral - just as bad as tax avoidance) and set a council tax rise higher than the Government set 2% level. So why should council tax payers help keep a store in town, just because there is not enough incentive for them to stay from being in Bolton alone!!! That is the problem of Bolton - its current image, an image that has been created by the council alone!!! BWFC71
  • Score: 0

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