HMV close 66 stores

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THE administrators of HMV have said that 66 of the music and DVD retailer’s stores will close over the next two months.

The store in Silverlink Retail Park, Wallsend, will remain open, however.

The affected stores employ 930 staff, Deloitte said.

Nick Edwards, joint ddministrator, said: “As part of our ongoing review of HMV’s financial position, we have now completed a review of the store portfolio and have identified 66 loss making stores for closure. This step has been taken in order to enhance the prospects of securing the business’ future as a going concern.”

HMV entered administration in January. It faced intense competition from online retailers, digital downloads and supermarkets in recent years.