HMV administrators Deloitte have announced details of their belt-tightening measures for the company.
We reported on Monday that HMV’s administrators were planning on shutting between “60-100 stores”, and were still deliberating over which outlets to close. As BBC News report, Deloitte have now revealed the extent of the closures. 66 stores will shut down across the country, leaving 930 employees potentially without a job. The cuts will reduce the total of HMV stores from 220 to 154.
Nick Edwards, joint administrator at Deloitte, issued the following statement:
“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.”
The full list of affected stores is below:
England: Ashton-under-Lyne, Barnsley, Bayswater, Bexleyheath, Birkenhead, Birmingham Fort, Blackburn, Boston, Bournemouth Castlepoint, Bracknell, Burton-upon-Trent, Camberley, Chesterfield, Croydon Centrale, Durham, Fulham, Huddersfield, Leamington Spa, Leeds White Rose, Loughborough, Luton, Manchester 90, Moorgate, Orpington, Rochdale, Scunthorpe, South Shields, Speke Park, St Albans, St Helens, Stockton-on-Tees, Tamworth, Teesside, Telford, Trocadero, Wakefield, Walsall, Walton-on-Thames, Wandsworth, Warrington, Watford, Wellingborough, Wigan, Wood Green, Workington
Scotland: Dumfries, Edinburgh Fort, Edinburgh Gyle Centre, Edinburgh Ocean, Edinburgh Princes Street, Edinburgh St James, Falkirk, Glasgow – Fort, Glasgow – Silverburn, Glasgow Braehead, Kirkcaldy
Northern Ireland: Ballymena, Belfast Boucher Road, Belfast Forestside, Coleraine, Craigavon, Derry, Lisburn, Newry, Newtownabbey
Last month, HMV called in Deloitte after years of declining profits and rising debts. Restructuring organisation Hilco UK subsequently bought the company’s £176m debt. The above store closures follow the culling of around 190 jobs in the company’s head office and distribution network.