HMV feels the pinch, to close 60 stores
HMV has announced that they will be closing 60 of their stores by 2012 in reaction to the dip in the UK games market.
The UK retail chain took the decision after it saw a 13 percent drop in business compared to Christmas 2009.
HMV CEO Simon Fox said: "Whilst HMV has had a challenging year to date, it remains a profitable and cash-generative business and a powerful entertainment brand. The pace of change in the markets in which we operate underlines the urgency with which we must continue to transform this business.",/p>
A statement given later to GamesIndustry.biz added: "We are actually talking about a relatively small number of stores across HMV and Waterstone's chains - less than 10 per cent of our combined estates, which are likely to be located primarily in large-city conurbations and may be in close proximity to each other - thus resulting in a degree of duplication in relation to local demand. The vast majority of HMV stores around the country will not be affected, and we will look to ensure that the specialist offer and service that we make available to our customers in these locations is maintained."
- SEGA unveils the new definitive Total War: Rome II – Emperor Edition
- Prison Architect alpha build 24 arrives
- Bayonetta 2 gets a final release date
- Deep Down now delayed until 2015
- Castlevania: Lords Of Shadow producer Dave Cox parts ways with Konami
- Xenoblade Chronicles coming to the New 3DS
- Deep Silver teases a devilish Saints Row V reveal
- Nintendo announces two brand new upgraded 3DS models
- Microsoft announces Games With Gold selection for September