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Home   Kent   News   Article

Kent HMV stores spared closure and job losses

07 February 2013
by Danny Boyle

The HMV store in St Margarets Street, Canterbury.

The HMV store in St Margarets Street, Canterbury

by business editor Trevor Sturgess

As many as 66 HMV stores are to close with the loss of 930 jobs - but none of them are in Kent.

Some 930 jobs are likely to go at the high street CD and DVD retailer, which collapsed into administration last month amid fierce competition from online and supermarkets.

None of the stores earmarked for closure are in Kent, although the shops in Bexleyheath (Bexley) and Orpington (Bromley) are on the list.

No fixed date is set for the closure of these stores, which will continue to trade in the meantime. 

However, it is expected that closures will take place over the next one to two months.

HMV currently operates from 220 stores in the UK, including Bluewater, Maidstone, Ashford, Folkestone, Canterbury, Thanet, Tonbridge and Tunbridge Wells.

A pop-up store in Chatham's Pentagon Shopping Centre shut last month.

Nick Edwards, joint administrator with Deloitte, 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."

He added an optimistic note: "We continue to receive strong support from staff and are extremely grateful to them for their commitment during an understandably difficult period. 

"All other key stakeholders remain very supportive and I continue to be hopeful of securing a future for the restructured business."

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