37 more HMV stores to close

Published on 21/02/2013 00:00

Administrators for failed music chain HMV are to close a further 37 stores, including two in Scotland, in a move that places 464 jobs at risk.

Deloitte said the stores would be shut over the next four to six weeks and would probably lead to all affected staff being made redundant, although it would try to relocate employees to other branches where possible.

The closures include HMV’s Argyle Street store in Glasgow, which has 39 staff, and its East Kilbride branch, which employs 17.

The latest cuts will leave around 116 stores in the HMV chain. Nick Edwards, joint administrator at Deloitte, said the decision to shut the stores was made to “enhance the prospects of the restructured business continuing as a going concern”.