109 NI jobs lost as HMV stores close

Published Thursday, 07 February 2013
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Nine HMV stores across Northern Ireland are to shut leaving 109 people out of work, the company's administrators have revealed.

109 NI jobs lost as HMV stores close
Nine HMV stores across NI are to close in the next two months. (© Getty)

Across the UK 66 stores employing a total of 930 staff will go, according to administrator Deloitte.

The music retailer stores earmarked for closure will continue to trade until they shut in the next two months.

Nick Edwards, from the company, said the decision was taken during a review of HMV's financial position.

"This step has been taken in order to enhance the prospects of securing the business' future as a going concern," he said.

"We continue to receive strong support from staff and are extremely grateful to them for their commitment during an understandably difficult period. All other key stakeholders remain very supportive and I continue to be hopeful of securing a future for the restructured business."

Doors will shut permanently at shops in at Belfast's Boucher Road complex, Forestside shopping centre, Lisburn, Ballymena, Coleraine, Craigavon, Londonderry, Newry, and Newtownabbey.

HMV's flagship store on Royal Avenue in Belfast will remain open.

NIIRTA Chief Executive Glyn Roberts has described the announcement as "a big loss to the local retail sector".

"Regrettably HMV did not keep up with the trend toward online and download and joins the growing list of retail chains that did not reinvent and innovate in a very challenging marketplace."

The announcement will leave 154 HMV stores operating in the UK.

Administrators were called in last month after HMV struggled to make up sales after Christmas, which meant it could not meet its financial commitments.

Restructuring firm Hilco, the group behind HMV Canada, bought the company's debt, raising hopes of a rescue deal.

© UTV News
Comments Comments
Iain in Belfast wrote (715 days ago):
Sorry Tommy, I had no idea you were so sensitive and bitter as well. Just what is your particular reason to hate the place so much apart from the obvious? And what wonderful business solutions you offer, nothing but hot air, great work mate.
realisic in planet earth wrote (715 days ago):
What we're seeing these days is all part of the evoulution of consumerism.... the mobile shops, the corner shops, the wee village shops, the larger town centres, filling stations becoming mini supermarkets, out of town centres and of course the internet... survival of the fittest scenario....
Tommy Atkins in London,England wrote (716 days ago):
Ian I can assure you that I know your city well,having spent months there, on a lot of occassions. And I assure you once more that have NO fond memories of that place. But yet you are correct when you do say that I do not live in N Ireland. So therefore I do consider myself to have been born lucky Just use your own common sense concerning your economy. That is if you have any common sense. Even better yet. Do yourself a favour and take a course study " Business 101" It may help you! Now I think I should have paid attention to your closing statement, where you describe yorself as "Silly Me!" You are at least showing a little self introspection there
Barry in Broughshane wrote (716 days ago):
Is this another result of the flag protest i guess lol
Iain in Belfast wrote (717 days ago):
Ah Tommy Atkins and Norman d, two pea's in a pod. Always full of misery but yet always one step ahead of everyone. Please then enlighten us with all your vastly superior knowledge about the struggling economy. Next thing you will be telling us that Jessops is in trouble...oops. The writing has been on the wall for HMV for quite a while now. Also its not that difficult to go and shop in the city centre during the weekend, you can go before the protests you know. Ah but then neither of you even live in Belfast so what would you know......silly me.
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