Retail news
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Borders UK fights to stay afloat
- Posted:
- 23 November 2009 09:30
Book chain Borders is fighting for survival after WH Smith walked away from a rescue deal. The retailer has held talks with group including Waterstones-owner HMV and Edinburgh Woollen Mill but it is believed that the companies are more interested in buying packages of stores than the whole business.Borders was ...read more
Take That to launch massive new HMV cinema screen
- Posted:
- 02 November 2009 09:30
Evergreen pop combo Take That are set to launch one of Europe's largest cinema screens at the HMV Hammersmith Apollo later this month. The band will introduce a preview screening of the DVD of their stage show 'The Circus' on November 18th to mark the opening of the auditorium which ...read more
HMV boosts digital position with acquisition
- Posted:
- 03 September 2009 09:12
HMV Group has bought a 50% stake in online music services firm 7digital, bolstering its position in the digital entertainment market. 7digital's venture capital backers, Balderton Capital, Sutton Place Managers and management sold the company for £7.7 million, subject to certain closing conditions. In a statement, HMV said that the ...read more
HMV continues to improve under Fantastic Mr Fox
- Posted:
- 30 June 2009 09:23
HMV Group has announced a "further year of profit growth in a difficult environment" as it completes the second year of its three-year transformation plan.In the 52 weeks ended April 25th, the company announced total group sales growth of 4.4%, with profit before tax and exceptional items up 11.5% to ...read more
Retail collapses free up £4 billion for survivors
- Posted:
- 26 May 2009 09:35
It has been reported that the collapse of high street retailers such as Woolworths, Zavvi and MFI has freed up £4 billion of business for other retailers.According to the Daily Mail, Marks & Spencer and Next will be most likely to benefit as closures in the clothing and footwear sector ...read more
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