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Tag Archives: hmv

HMV issues second profit warning

HMV Group has warned it expects profit before tax to be ‘moderately below’ the 45m market expectations for its financial year. The retailer – which runs the HMV and Waterstones chains – is still finding trading tough for the first two months of the year, despite a significant upturn in …

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OPINION: Leave HMV alone

The media furore surrounding HMV has been overwhelming. You can certainly understand why. A number of stores are to be closed, Christmas takings were lower than expected and credit limits are being reviewed. The last big music specialist is fighting for its life and for the national press it makes …

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Will a Russian billionaire change the face of HMV?

HMV’s bosses are focused on transforming its business, despite widespread reports that billionaire shareholder Alexander Mamut wants to break-up the retailer. The Russian business oligarch has reportedly consulted with financial specialists Credit Suisse to discuss the future of the retailer. The suggestion is that Mamut wants to buy the Waterstones …

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Music labels rally around troubled HMV

The biggest names in the music industry has thrown its support behind trouble entertainment chain, HMV. In a letter to The Times, the seven biggest names in music – including Universal chairman David Joseph, Sony Music’s Ged Doherty and Warner Music UK chief executive Christian Tattersfield – praised the retailer …

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HMV shares tumble over credit concerns

Shares in HMV Group have dipped 8.5 per cent after it emerged insurance on its goods have been cut. A big UK distributor admitted its sales to HMV are now uninsured, reports the BBC. The reason behind this was not revealed. In a statement HMV said: Credit insurers are reviewing …

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HMV restructures Head Office team

HMV has made a number of key changes to its Head Office team. The moves are designed to boost the firm’s online and digital business, as well as grow new categories such as technology. Commercial director Steve Napleton (pictured right) will now focus exclusively on developing the retailer’s e-commerce, digital …

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HMV nabs exclusive Killzone 3 SKU

Entertainment retailer HMV has revealed that it has grabbed the exclusive UK rights to sell Sony’s Killzone 3: Helghast Special Edition Pack. As was reported last month, the SKU’s headline inclusion is a hand-painted replica Helghast Helmet. Also in the box is a 6.5 inch Cloaking Helghast Marksman action figure, …

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HMV hopes to protect jobs

Retailer HMV has vowed to do all it can to protect the jobs of those who will be affected by the 60 store closures announced yesterday. The company will close the outlets – which includes the closure of 20 Warterstones stores – by the end of the year. "We will …

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HMV to close 60 stores by 2012

Entertainment giant HMV is facing troubling times as the chain revealed that it is to close 60 stores (including some Waterstones bookshops) over the next 12 months. That number represents 9 per cent of the chain’s 700 outlets. HMV has 285 shops in the UK and Ireland. Shares in the …

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HMV considering online pre-owned move

HMV wants to be the next retailer to offer pre-owned games online following Amazon UK’s entry into the market. Last week, Amazon.co.uk began buying and selling second-hand titles. Customers can buy pre-owned games from the retailer, check prices using an online calculator and post old games in exchange for gift …

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