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

boxcorner · 01-05-2011, 05:19 AM

"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

01-05-2011, 05:19 AM	#1
boxcorner »(°±°)« Posts: 826 Karma: 775629 Join Date: Oct 2010 Device: divisive reader	HMV to close 60 stores as sales and shares slump "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 Last edited by boxcorner; 01-06-2011 at 05:50 AM.