Jul 20, 2021
HMV backs High Street with plans for 10 new stores
Music and entertainment retailer HMV has said it is looking to open 10 new stores this year as it continues to put its faith in High Street stores. Its former London landmark store on Oxford Street closed along with many others after HMV fell into administration more than two years ago. HMV. Mr Putman said HMV's online business had done well throughout the pandemic, helping to offset the loss of sales in stores. "Our online business - very similar to most retailers - doubled, tripled throughout the pandemic... [but] it still doesn't obviously make up for the loss of 100-plus stores." Music stores have been particularly affected by the shift to digital over the years.
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