Thread: HMV to close 60 stores as sales and shares slump
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Old 01-06-2011, 06:19 AM   #11
AprilHare
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Quote:
Originally Posted by boxcorner View Post
"Shares in music and books retailer HMV Group have fallen 24% after revealing falling sales, weak profits and trouble meeting the terms of a bank loan."

"The firm - which also owns Waterstone's bookshops - plans to close 60 stores in the next 12 months in order to get costs under control."

BBC News 5 January 2011 HMV to close 60 stores as sales and shares slump
If Waterstones sold ebooks overseas it might help them. But no, they had to bar sales, didn't they?
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