Supermarket Starts Buying HMV Stores

artist: Hmv date: 02/28/2013 category: industry news

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Supermarket Starts Buying HMV Stores
A British supermarket chain has started to buy stores from HMV as its administrators tries to pay off its crippling debts. Morrisons has bought six stores, which it will turn into convenience stores by the summer, according to NME. We previously reported that up to half of HMV stores could become supermarkets because of their desirable locations in shopping centres across the UK. Last week HMV announced it would close an additional 37 stores, putting 464 people out of work. In Ireland, the company will close every one of its stores, where 300 more will lose their jobs. That puts the total tally of HMV job close to 1,500. Despite the closures, record store fans are keen to support the retail chain as the last nationwide music retailer. A spokesperson for Universal UK recently said that mainstream artists like Elton John are considering live performances in remaining stores to help draw in music fans. "We've got lot of artist support for HMV," said David Joseph from Universal UK. "Last week one of our biggest global superstars said why don't we get a lot of the biggest artists to start doing gigs in HMV, just to turn up and say these are music stores, come and get your music here."
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