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Jobs at risk as music store to close in Swindon
11:00am Thursday 21st February 2013 in News
SWINDON’S HMV store is to close.
Sixteen jobs are now at risk at the failed music chain, in Regent Street, after the announcement of the closure of a further 37 stores.
Administrators Deloitte said the store would close in the next four to six weeks and would probably lead to all affected staff being made redundant, although it would try to relocate employees to other stores where possible.
The announcement will leave around 116 stores in the HMV chain, after Deloitte said 66 stores would close earlier this month, affecting nearly 1,000 staff.
Nick Edwards, joint administrator at Deloitte, said the decision to shut the stores was made to ‘enhance the prospects of the restructured business continuing as a going concern’.
He said: “We are extremely grateful to the staff for their continued strong support and commitment during an understandably difficult period.
“All other key stakeholders including suppliers and landlords remain supportive and we appreciate their ongoing assistance.”
HMV joins a long list of Swindon stores to close in the last year. Jessops and Comet have already been lost with Blockbuster and Republic both at risk after calling in the administrators.
Shopper Ellen Carter, 29, a library community development officer from Highworth, said: “It’s going to be sad; it just seems that everything is closing down. It’s a shame because it’s nice to come out and have a tangible thing that you can pick up and see before you buy.”