Thursday, 9 December 2010

HMV confident of new strategy despite bleak trading

An 11% drop in like-for-like sales was reported by HMV Group in the first half of the financial year, with HMV UK & Ireland seeing like-for-like sales drop 16.1% to October 23rd.

At the start of the all-important Christmas trading period, the parent company of both HMV and Waterstone’s voiced concerns that severe weather conditions has and would continue to affect sales, with 60% of HMV’s annual sales coming from the second half of the financial year.

Read the full story here

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