HMV
This coverage focuses on HMV’s position and performance within the UK retail sector, highlighting store strategies, brand revival efforts, merchandising approaches, and financial developments. Reporting also examines management decisions, market challenges, and the retailer’s adaptation to changing consumer trends. Insights are tailored for retail executives, brand managers, and professionals interested in the dynamics of entertainment retail and high-street resilience.
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Feb- 2019 -11 FebruaryHigh Street
18,722 retail jobs lost or at risk since Christmas day
Some 18,722 retail staff, 400 every single day, have either been made redundant or have had their jobs threatened since Christmas day, according to new data from real estate data service Altus. Oddbins, Patisserie Valerie, Greenwoods, Chapelle, tReds and HMV have all entered administration, with the music and film retailer…
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5 FebruaryEntertainment
HMV bought by Sunrise Records
HMV has been bought by Canadian record store chain Sunrise Records, the deal will save 100 stores and 1,487 jobs, while 27 stores are expected to shutter resulting in 455 redundancies. No price has been given for the entertainment retailer, with staff expected to be notified if their store is…
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4 FebruaryHigh Street
Mike Ashley acquires Sofa.com
Sports Direct owner Mike Ashley has acquired Sofa.com for a “nominal sum”, adding yet another business to his growing portfolio of high street retailers. According to a report by Sky News, the acquisition will enable Ashley to add further Sofa.com concessions to the House of Fraser (HoF) chain he bought…
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4 FebruaryEntertainment
Canadian record shop owner ‘enters race’ for HMV
Doug Putman, the owner of Canadian record store chain, Sunrise Records, is said to be interested in purchasing HMV. The retail boss would rival Sports Direct owner, Mike Ashley, who has already placed a bid for the entertainment retailer. HMV administrators KPMG refused to comment on Putman’s interest, which was…
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1 FebruaryHigh Street
ScS ends Sofa.com talks paving way for Mike Ashley
ScS has ended its interest in acquiring rival furniture retailer Sofa.com stating it is “no longer in discussions”, leaving Sports Direct owner Mike Ashley in prime position. Both Mike Ashley and ScS had expressed interest in acquiring Sofa.com. However ScS today (1 February) said in an update: “The group confirms…
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Jan- 2019 -30 JanuaryHigh Street
Mike Ashley and ScS in competition over Sofa.com
Both Mike Ashley and rival furniture retailer ScS have expressed interest in acquiring Sofa.com. ScS has confirmed via a statement its interest in Sofa.com which was put up for sale last month. It said: “The group confirms that ScS Group is in discussions regarding a potential acquisition of the business…
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21 JanuaryHigh Street
Chapelle enters administration
Jewellery and watch retailer Chapelle has entered into administration, four years after it was sold to HMV owners Hilco UK. Philip Duffy and Sarah Bell of accountancy firm Duff & Phelps have been appointed as administrators of both Mortimer Management Group and The Jewellery Outlet, which makes up Chapelle. The…
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21 JanuaryHigh Street
Mike Ashley among bidders eyeing HMV
According to reports, Sports Direct owner Mike Ashley is among bidders seeking to purchase HMV, which recently announced its second administration in six years. The music and film retailer officially fell into administration during the festive period, and was denied a £3.35m government tax cut before it entered administration according…
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9 JanuaryEntertainment
HMV ‘denied’ £3.35m tax lifeline before administration
Beleaguered music and film retailer, HMV, who officially fell into administration during the festive period, was denied a £3.35m government tax cut before it entered administration new figures have revealed. HMV blamed a “tsunami” of retail challenges, including business rate levels, saying it paid £15m on sales of £277m meaning…
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2 JanuaryClothing & Shoes
Greenwoods goes into liquidation
Yorkshire-based menswear retailer Greenwoods has gone into liquidation just 18 months after it was saved from administration. The 158-year-old company is the latest high-street victim closing all of its stores with more than 100 jobs expected to be lost. The retailer originally fell into administration in September 2017, with 40…
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