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HMV in Lancaster to close
Lancaster’s HMV record store has been identified for closure in the next four to six weeks.
The store, on Market Street, is among 37 stores closing nationally.
Together they employ 464 staff.
The closures will take place in parallel with the 66 stores already subject to a closure programme. HMV currently operates from 219 stores in the UK.
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.
“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.”
Nick Edwards, Rob Harding and Neville Kahn were appointed Administrators on Jan 15.
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Weather for Lancaster
Friday 24 May 2013
Today
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Temperature: 5 C to 13 C
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