HMV strikes new stock trading agreements for its stores

The Bolton News: HMV strikes new stock trading agreements for its stores HMV strikes new stock trading agreements for its stores

HMV says it will stock the home release of the new James Bond film Skyfall on Monday after announcing that trading agreements are in place with the majority of its big suppliers.

Special 007 displays were being prepared in the Bolton store in Exchange Street today in preparation for the release of the film on DVD and Blu-ray.

Administrators of HMV said the agreement meant the chain could now fully re-stock and bring in key new films, music and games.

It also said customers may have noticed lower levels of stock since the firm went into administration last month.

The shop in Bolton was saved even though 66 other UK branches closed. Its 10 staff jobs are secure although more than 900 other HMV workers face redundancy elsewhere.

Nick Edwards, an administrator at Deloitte said yesterday: “The support of suppliers over the past few weeks has been significant and these agreements demonstrate their ongoing commitment to supporting HMV.

“Good progress has been made and we have received a positive level of interest in the business. Discussions are progressing with a number of parties interested in both the business as a going concern and individual assets, despite the high fixed costs associated with a store network. "Landlords have been generally flexible and supportive and we hope to continue working closely with them to restructure the business and seek to secure its future.”

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