Newry HMV earmarked for closure

February 11, 2013

HMV have announced that its Newry store, which employs 13 people, is set to close.  The store is one of 8 HMV branches to close across Northern Ireland, leaving 109 people out of work.

Administrator, Deloitte, revealed last week that a total of 66 of the musical retailers’ stores in the UK have been earmarked to close in the next two months, leaving just 154 branches operating.

Nick Edwards from the company, said the decision was taken during a review of HMV’s financial position.

“This step has been taken in order to enhance the prospects of securing the business’ future as a going concern,” he said.

“We continue to receive strong support from staff and are extremely grateful to them for their commitment during an understandably difficult period. All other key stakeholders remain very supportive and I continue to be hopeful of securing a future for the restructured business.”