MobileRead Forums - View Single Post - HMV to close 60 stores as sales and shares slump

boxcorner · 01-06-2011, 05:05 AM

(Reuters) - Winter weather that hit Britain in December sent a fresh chill through the retail sector on Thursday.

"... On Wednesday, fashion chain Next had blamed the weather for a 6.1 percent drop in underlying sales at its shops in the 21 weeks to December 24, while music, books, DVD and games group HMV also said it was a factor behind its latest profit warning ..."

More retailers blame snow for lost Christmas sales

(The Bookseller.com) - Waterstone's confirms 20 store closures

"Waterstone's has confirmed that 20 stores will close over the next twelve months as part of cost-cutting measures across the wider HMV Group ..."

"... The group comprises 285 HMV shops and 312 Waterstone's outlets ..."

Waterstone's confirms 20 store closures

01-06-2011, 05:05 AM	#10
boxcorner »(°±°)« Posts: 826 Karma: 775629 Join Date: Oct 2010 Device: divisive reader	(Reuters) - Winter weather that hit Britain in December sent a fresh chill through the retail sector on Thursday. "... On Wednesday, fashion chain Next had blamed the weather for a 6.1 percent drop in underlying sales at its shops in the 21 weeks to December 24, while music, books, DVD and games group HMV also said it was a factor behind its latest profit warning ..." More retailers blame snow for lost Christmas sales (The Bookseller.com) - Waterstone's confirms 20 store closures "Waterstone's has confirmed that 20 stores will close over the next twelve months as part of cost-cutting measures across the wider HMV Group ..." "... The group comprises 285 HMV shops and 312 Waterstone's outlets ..." Waterstone's confirms 20 store closures Last edited by boxcorner; 01-06-2011 at 06:00 AM.