Wimbledon HMV spared after second round of closures
Wimbledon’s HMV store has been spared once more after a second wave of store closures were announced today.
HMV brought in administrations last month and soon announced the closure of 66 stores which included Wandsworth, Croydon Centrale and the London Trocadero.
Today administrators Deloitte announced a further 37 store closures, including four branches at Heathrow airport, with 464 people set to lose their jobs.
The total number of store closures now stands at 103 out of a total 238 HMV stores nationwide with a total of 1394 people facing redundancy.
Nick Edwards, joint administrator, said: "As part of our ongoing review of HMV’s financial position, we have undertaken a further review of the store portfolio and have identified an additional 37 stores for closure.
"This step has been taken in order to enhance the prospects of the restructured business continuing as a going concern. Together with the previously identified 66 closures, this restructuring will result in a residual portfolio of some 116 stores.
"We are extremely grateful to the staff for their continued strong support and commitment during an understandably difficult period. All other key stakeholders including suppliers and landlords remain supportive and we appreciate their ongoing assistance."
Closures are expected to take place over the next four to six weeks.