Tag Archives: HMV

At the end of last year, history repeated itself as HMV fell into administration for a second time in five years, putting thousands of jobs on the line. Narrowly escaping closure once more, it seems as though the UK retailer has found another buyer but not all stores will be …

While the decision was eventually reversed, HMV garnered a lot of criticism during its first administration back in 2013 for refusing to accept gift cards as method of payment. It looks as though the retailer isn’t making the same mistake twice, as HMV falls into administration for a second time. …

UK entertainment retailer HMV hasn’t had the easiest ride, having collapsed into administration back in 2013 until its inevitable rescue by restructuring company Hilco. Although the firm has been faring better in recent years thanks to its expansion into various different markets including electronics, the unmaintainable nature of diminishing DVD …

One of the hottest points of contention between developers, gamers and store owners over the past few years, has been the sale of pre-owned games. Developers say they take money out of the industry, gamers say they allow them to buy new games since they know they can get trade-in …

HMV has had a hard time over the last year, the company went bankrupt and almost closed down completely until Hilco came in and took over the retail chain. Since then, HMV has been working on adjusting to the digital age and it has now done so with the launch …

HMV is going all digital with its relaunch, delivering new Android and iOS apps to allow music purchases, alongside a new website heavily influenced by app culture and using HTML5 to increase functionality across Windows and Blackberry devices. The revamped site isn't quite ready yet – the official launch is …

Head of PR over at HMV, Gennaro Castaldo, has left the firm after almost three decades of employment, to take up a position at the internet's favourite hate group, the British Phonographic Industry (BPI), famous for the ineffective blocks it lobbied to have put into place against websites like the …

Unfortunately we all saw this coming. While Hilco swooped in just over a week ago to save HMV from disappearing forever, it was very likely that the unprofitable locations would be shut down and this would inevitably lead to job losses. Now the announcement has been made: Hilco is dumping …

Confidence is a good thing. We like meeting people who have a well-placed confidence on their own skills and abilities. Bit like the master and commander of a sailing vessel. But what if a captain's last command ran into the rocks – and he was still highly confident?  KitGuru wonders …

While there will still be closures if the rumours of a Hilco buyout of HMV this afternoon take place, some of the outlets previously earmarked for closure will now be saved, with a final tally of stores kept open expected to be around 140. Update: It's now been confirmed by …

It's thought that with HMV's rental payment looming, someone or some entity is going to swoop in and save it, as a few stores have begun removing “closing down” signs from their windows. The particular outlets that have got rid of the woeful signs, include: Stockport, Manchester Market Street and …

While it was initially thought that HMV Canada owner Hilco was the most likely to buy up HMV, it has so far only purchased the firm's major debt, leaving its future still up in the air. Now though, a new report is suggesting that Walmart owned supermarket, Asda, could be …

One more arm of the high street media retailer HMV has now entered administration. Guernsey may not be the biggest market, but it's another tumbling domino that paints a bleak future for the shop chain. Unfortunately for those that are employed in the Guernsey store, the single outley was used …

HMV has until the end of this month to get some funds together or go under completely. Fortunately it looks like Hilco, the company that bought up HMV's debt back in January, is not putting up the cash to take the beleaguered firm off the chopping block. £50 million is …

Deloitte, the administrator for beleaguered tech firm HMV, has announced the closure of another 37 outlets, meaning another 464 staff will be let go in the process. This brings the total number of shuttered stores to over 100, on top of the closure of all ROI outlets. This latest move …

While publishers and developers may be concerned about the future of games at HMV, after many stores were closed and a lot of game purchasing staff let go, one person from the beleaguered firm decided to jump ship before getting the boot. Gamerbase boss Dominic Mulroy resigned earlier this week …

There seems to be a peculiar trend when it comes to high street businesses. Often times if one shop goes under, another replaces it doing almost exactly the same thing. For some reason companies seem to think that just because the last business failed, doesn't mean their near identical one …

Following on from the temporary closing of all HMV outlets in Ireland last month – as per Irish law – when the administration was announced, Deloitte, the administrator, has announced that all locations will be permanently shuttered since no buyer has been found for the branch of the firm. This …

As part of an ongoing investigation, CVG is claiming to have caught out several big name online retailers sending out 18+ rated games to underage children. Some of the specifically named ones include Amazon, HMV and Zavvi. In each instance, the underage individual used his visa debit card that was …

Following on from yesterday's story that administration firm Deloitte was set to shut 66 HMV locations around the country, we now have more details on which ones those will be and we've just heard that as many as 60 staff at the company's head quarters will be let go as well. One …

HMV administrator Deloitte has just announced that in the next two months, 66 stores will be closed, which will affect over 900 staff members – though it's not clear all of them will be let go. “As part of our ongoing review of HMV's financial position, we have now completed …

Following on from the recent debt buyout by Hilco, the owners of HMV Canada, it has been announced that the UK arm of HMV will be shutting up to 100 stores in the near future, putting 1500 jobs at risk. It may not be the full amount as it's thought …

For those of you that were feeling sad and nostalgic for the long time high street retailer HMV, fret not, as Hilco, the company that bought up HMV Canada a couple years ago, has now stepped in and put the brakes on HMV's demise and has promised to restructure and …

If you tore up your HMV gift vouchers in disgust since the announcement that it would no longer be accepting them due to its administration, you're about to get more annoyed, as they've just been reinstated by administrator Deloitte. When it was initially announced that vouchers could no longer be …

Despite suffering through its own administration less than a year ago and ultimately closing half of its outlets and letting go a big portion of its staff, GAME is apparently looking to buy up HMV locations in a move to expand current business. Revealed by GAME boss Martyn Gibbs in …

You know it's the end where the simple to maintain website is taken down. Administrators for HMV, Deloitte, have now killed off the HMV.com website, leading it with a simple message explaining that until further notice, the website would no longer be in operation. HMV staff have said in the …

HMV's future is looking increasingly shaky, with the most recent speculation coming in that Apollo Global Management could be set to buy up the ailing technology and media retailer. Share prices have continued to crash in recent weeks, seeing it drop to mere pence. While this means that any buyout …

While Sony and Microsoft prepare to increase the realism on the next generation of sitting-room based consoles, Nintendo has always focused more on playability. As the Wii U lands in British stores, KitGuru assesses the unit shipments required for this new box to be a success. We asked around the …

Despite managing to meet its sales target of making £10 million in pre-tax profits this year, HMV's sales have continued to drop leading to a further reduction in share price by 8 per cent. While the company was keen to blame what it described as a lack of new music …

HMV is continuing its struggles to stay relevant in an increasingly digitally dominated media world, by offering a click and collect system, where users can reserve online and then buy and collect in-store. This saves on postage, which the company likely takes a small loss on – since it offers …