High Street
HMV halts UK expansion amid rising wage costs
The retailer had ambitions to open as many as 10 additional stores in the UK this year, but this plan had to be reined in as HMV was ‘peddling pretty hard’ to maintain profits
HMV has halted its UK expansion in anticipation of the rising wage costs due to commence next month, and will open stores in Ireland and Belgium instead, The Guardian has reported.
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