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Tag Archives: hmv group

Buyers eye Gamerbase swoop should HMV fall

HMV’s Gamerbase concessions could be rescued even if the retail giant closes. The tournament zones – which can be found located besides HMV stores in London, Manchester, Glasgow or Edinburgh – has already attracted attention from at least one prospective buyer, MCV has been told. Although no official approach has …

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HMV posts £16m loss for financial year

HMV sales fell 12.1 per cent for the last financial year, with the retailer posting a loss of 16.2m. The loss is roughly in-line with what the entertainment retailer said it would lose back in May. In total HMV generated 923.2m last year. Video games sales plunged 17 per cent …

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HMV’s Fox: ‘It’s the right time for me to leave’

Outgoing HMV boss Simon Fox says there’s finally some momentum behind the entertainment retail giant. In an interview with MCV, Fox says now is the right time for him to step down from his position – to be replaced by former Jessops boss Trevor Moore – as he has successfully …

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HMV boss Simon Fox departs

Former Jessops boss Trevor Moore will replace Simon Fox as the CEO of HMV. Fox has spent six years at HMV as CEO and will remain in the role until September 3rd. Most recently he has navigated HMV through one of the hardest periods in its history, securing new deals …

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HMV exits Channel Islands and returns to UK

HMV will close its Guernsey warehouse and now run its website from the UK. It follows the end of Low Value Consignment Relief (LVCR), which has allowed online retailers to sell goods tax-free into the UK. As of April 1st, there will be no tax advantage to having a warehouse …

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HMV laments tough games market

HMV’s Xmas would have been a lot better had there been more video games to sell, says CEO Simon Fox. His words came ahead of news that the firm has merged its games and technology teams, leading to the departure of popular games boss Tim Ellis. Ewan Pinder is now …

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HMV upbeat despite Xmas sales slump

HMV’s retail sales dropped 8.2 per cent over Christmas. It is obviously still a challenging time for the entertainment specialist, but the results are better than they were when the Group last updated the City in December. The results are for the five weeks ending December 31st, 2011. HMV’s improved …

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