Deathwatch: more HMV closures and administration for Axminster

20 February 2013

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.

TOPICS:   High Street News

7 comments

  • Reser
    Wow, was not expecting Newcastle to close so soon, that is a big store and it is the focal point of the main high street, with that gone Northumberland street will start looking very bare indeed.
  • Jen
    @ Reser : it says Newcastle Silverlink, that's not the store on Northumberland St in Newcastle
  • Oh N.
    Blame Sir Phil Harris of Carpet for any Carpet retailer / manufacturers demise. He has amazing purchasing power and the public opt to buy cheap too
  • Wilko
    The Newcastle store is the one at Silverlink, North Shields.
  • Sicknote
    Popped into Moorgate store which is closing and all the items I wanted were still cheaper on Amazon.
  • The J.
    [...] a full list of which HMV stores are closing please see the two articles at the Bitterwallet blog (article 1 and article [...]
  • Gabriella
    HMV are likely to be left with large city centre stores and possibly University stores. I betting is there will be a third round of store closures taking closures down to a portfolio of 60 to 80 stores. Effectively HMV are going back to the 1980's as a large specialised chain found in few locations, It means on the positive side in those locations where HMV exit a new retailer can come in preferably an independent if you can afford the lease and are prepared to take the risk in this economic climate. If you are good luck.

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