Retail Archives

Physical entertainment market continues to decline in UK

17/08/2019

The physical entertainment market continues to decline in UK declining 19% in the 12 weeks to 30th June 2019 according to the retail analyst, Kantar, in a blog posting. This was put down to ‘falling shopper numbers and a lack of big-name release in the music, film and gaming sections. With Amazon Prime Day sales still to be accounted for and new consoles due later this year, the market continues to depend on gift-hunting shoppers […]

Sunrise Records buys HMV UK chain from administrators

Third time lucky for HMV?

18/02/2019

Will it be third time lucky for HMV as the administrators KMPG announce that Sunrise Records, a Canadian firm that bought Canadian HMV stores, will buy the collapsed retail chain out of administration. The deal will result in 27 stores closing resulting in 455 redundancies but save 100 stores securing 1,487 jobs. HMV’s flagship Oxford Street store in London, opened in 1921, is among the 27 outlets set to close. Sunrise Records chief executive Doug […]