Deathwatch: more HMV closures and administration for Axminster
There was bad news all round for fans of music and lovers of luxurious carpets, as HMV announced more store closures and Axminster went into administration.
The beleaguered entertainment retailer has trimmed its number of stores down again, with a further 37 set to close, with the loss of 464 jobs. They follow on from the previously announced 66 store closures, all of which will leave HMV with just 116 stores.
Meanwhile, 250-year-old Axminster has appointed the administrators in an attempt to provide the company and its creditors with time to explore various rescue options. It says here.
If it goes, it’ll be the end of the line for a great name that we weren’t entirely sure still existed.