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Posts tagged HMV

Hilco completes HMV acquisition, 25 stores saved from closure

Restructuring firm Hilco announced its procurement of UK high street retailer HMV from administrators Deloitte. Following protracted negotiations across the last few months, Hilco finalized the acquisition this morning, and in doing so ensured 25 stores previously earmarked for closure are to...

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Blockbuster UK finds buyer

Restructuring and investment firm Gordon Brothers Europe bought Blockbuster UK over the weekend. The multimedia rental and sales chain entered administration in January, a month which also saw Blockbuster's US arm close a further 300 stores. Gordon Brothers Europe acquired the retailer's 264 UK...

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Wii U Premium bundle with ZombiU down to £200 at participating HMV locations

British retailer HMV is the latest outlet across the pond to drop the Wii U's price, lowering the console's Premium SKU and ZombiU bundle down to just £199.99 at participating locations. On its own, the Premium SKU typically retails for £299.99, and that's without ZombiU thrown in for...

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HMV closing 37 more stores, 464 layoffs

The deluge of bad news isn't over for UK retailer HMV, with 37 more stores confirmed to be closing in addition to the 66 announced earlier this month. These further closures are resulting in 464 lost jobs, making a post-administrative total of at least 1,454 layoffs. HMV, one of the UK's most...

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HMV facing 66 store closures, 930 layoffs

HMV, a multimedia chain and one of the UK's top high street game retailers, is closing 66 of its 220 stores, with 930 employees losing their jobs as a result. Deloitte, the company's administrators, said the closures should occur within the next one to two months. "This step has been taken in order...

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Report: HMV to be saved as restructurer Hilco acquires debt

Business restructuring company Hilco is set to acquire HMV after reportedly taking control of the struggling British retailer's debt . According to the Financial Times, people familiar with the situation report Hilco took on the debt today, estimated three months ago to be around $279 million. If...

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HMV entering administration [update]

Update: HMV confirmed it's filing notice to appoint Deloitte as administrators to the company. As the BBC reports, HMV is suspending trading on the London Stock Exchange from Tuesday, January 15. HMV's 239 stores across the UK and Republic of Ireland are to remain open while Deloitte seeks a...

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Halo 4 pre-order goods plant their flag in select retailers

In the old days, we used to just toss our cash upward into the wind, wait 3-5 business days, then find a game waiting on our doorstep. Today, retailers compete for your gaming dollars with pre-order incentives, and Halo 4 is the latest to play into that retail shuffle. Depending on the retailer you...

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UK game industry holiday snapshot suggests weakening retail sales

Two major UK video-game retailers, HMV and Game, saw a drop in sales over Christmas, prompting HMV to reconsider its investment in games as a whole, The Telegraph reports. HMV's gaming market share fell 16 percent over the holidays, while sales in music and DVDs saw no change; games now account...

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Game retailers go back and forth on Resident Evil: Mercenaries 3D sales policies

Used games retailers across the globe have adopted a number of uncharacteristic policies regarding sales and trade-ins of Capcom's one-save-only title, Resident Evil: The Mercenaries 3D. When news of the game's unrestartability first surfaced, North American Gamestops announced they would not...

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