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HMV store in Loughborough to close

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The HMV store in Loughborough is to close with the loss of eight jobs. The announcement comes three weeks after the entertainment chain went into administration, putting about 2,000 jobs at 220 stores in jeopardy. Administrators Deloitte said the store, in The Rushes shopping centre, would close within two months. It is one of 66 HMV shops which administrators have decided to shut as part of moves to turnaround the stricken 92-year-old business. HMV's store in High Street, Leicester is not among those earmarked for closure. Joint administrator Nick Edwards said: "As part of our ongoing review of HMV's financial position, we have now completed a review of the store portfolio and have identified 66 loss making stores for closure. "This step has been taken in order to enhance the prospects of securing the business' future as a going concern." Two weeks ago, business turnaround specialist Hilco took control of HMV after buying its debt. HMV, which mainly sells CDs and DVDs, collapsed after being hit hard by competition from supermarkets and online operators such as Apple and Amazon.

HMV store in Loughborough to close


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