Entries in 'Retail' (2105)
HMV has closed its 16 Irish stores and has appointed receivers, putting 300 jobs at risk.
Business recovery firm Begbies Traynor estimates that 140 UK retailers are currently in a “critical condition”.
Retailer Blockbuster has announced that it will continue to honour gift cards and store credit despite slipping into administration this afternoon.
In the same week as the UK High Street saw HMV slip into administration, fellow long-term chain Blockbuster has now followed its lead.
UK entertainment retail is facing another huge blow, with reports that Blockbuster is to enter administration.
An enraged grandfather yesterday stormed out of a Dublin HMV store with three games in hand after staff refused to accept his voucher.
Administrators Deloitte have taken HMV’s website offline.
The cost to the UK video games market should HMV fail to find a buyer could be as little as four per cent.
HMV boss Trevor Moore may have delivered an upbeat message to journalists yesterday, but administrator Deloitte has warned that it’s a tough market for entertainment retailers at the moment.
The owner of HMV Canada is reportedly interested in acquiring some of the troubled chain’s UK stores.
Kim Bayley, the director general of the Entertainment Retailers Association, has claimed that HMV is too important for music and video companies to let it disappear.
HMV boss Trevor Moore and financial director Ian Kenyon want the chance to lead the chain out of administration.
A digital games store had been launched on HMV.com just weeks before the chain fell into administration.
Customers who have pre-ordered games or other items with HMV have been told not to worry.
It was the one question we were asked more than any other last night – will customers be able to spend their gift vouchers and store credit in HMV today?
Retailer HMV has filed notice to appoint administrators.
Tonight's anticipated collapse of HMV came about after suppliers ignored the retailer's latest plea for help.
It looks like the time has come for HMV.
The directors of beleaguered retailer HMV are said to be locked in emergency talks tonight as the retailer considers entering administration.
UK retailers have told MCV that they are keen to stock Valve's Steam-box and Nvidia's Shield.
Microsoft's Xbox 360 has outperformed all other home consoles for 24 consecutive months in terms of US hardware sales.
There is just one Microsoft-published game on the release schedule.
Nintendo's newest console is tracking behind its predecessor in terms of US launch sales, but is bringing in more dollars.
HMV has downplayed speculation over discounting after an ITV business reporter suggested a blue cross sale might be a way of raising funds ahead of debt deadlines.
Digital revolution comes at the cost of retail devolution, right? Perhaps not.