Tuesday October 27, 2020

HMV spins closer to the edge

Short of a sales miracle this year, HMV could be spinning towards the end of the retail tracks.

23rd December, 2012
HMV: shares have fallen 98.43 per cent in the past five years Photo: Bloomberg

The Christmas period is a critical one for city retailers, none more so than for music and entertainment retailer HMV, given the seasonal period accounts for about 60 per cent of the group's annual sales. Short of a sales miracle this year, HMV could be spinning towards the end of the retail tracks.

A failure to combat and compete with online sales and digital music services has crucified the entertainment retail chain.

After warning that the...

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