Dixons enjoys sales boost after collapse of rival companies

Owner of Currys and PC World says half its like-for-like sales growth in last quarter came from former Comet customersDixons has seen a significant boost in sales thanks to the collapse of its rivals Comet, Jessops and HMV.The retailer, owner of Currys and PC World, said half its 13% growth in like-for-like sales for the […]
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HMV buyer announces music-focused revival plan

Hilco’s £50m deal secures 2,500 jobs at 141 shops with hopes of repeating success it had with HMV CanadaThe sale of T-shirts and other artist memorabilia are expected to be at the heart of an optimistic “we are entertainment” revival plan for HMV, which was rescued by a turnaround firm in a £50m deal that […]
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HMV sold to restructuring expert Hilco in deal that saves 2,500 jobs

Purchase protects 141 stores – with reprieve for 25 that had been earmarked for closureHMV has been rescued by the restructuring expert Hilco, saving 2,643 high street jobs and 141 stores.Hilco, which already owns HMV Canada, said the deal for the CD and DVD retailer included 25 stores that had been slated for closure, although […]
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Hilco to save HMV brand in £50m rescue deal

Restructuring specialist would acquire about 140 stores and safeguard 2,500 jobsThere might just be life in the old dog yet: Nipper, the mascot who has peered into a gramophone in HMV shop windows for more than 90 years, appeared close to being saved in a £50m deal that will safeguard 2,500 jobs and up to […]
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Asda holds talks over possible bid for HMV

Supermarket group understood to have held talks with administrators following collapse of the entertainment retailer Supermarket group Asda is eyeing up a possible bid for failed music chain HMV as the first wave of stores prepare to shut down. HMV collapsed into administration in January with more than 1,500 staff losing their jobs and a […]
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Tesco’s Fresh & Easy becomes latest in line of UK retail failures in US

Early errors muddled Fresh & Easy’s image, while shareholder impatience over on going losses proved to be too much for firmAs Tesco prepares to dump its Fresh & Easy chain it can take comfort from the knowledge it is not the first British retailer whose ambitions have broken up on the rocky shores of the […]
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HMV sells remaining live music assets in £7.3m deal

Private equity arm of Lloyds acquires Jazz Cafe and Barfly in Camden, the Ritz in Manchester and Lovebox festivalHMV has sold most of its remaining live music assets, including the Jazz Cafe and Barfly in Camden, the Ritz in Manchester and the Lovebox festival, for £7.3m to the private equity arm of Lloyds Banking Group.The […]
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Wii U launch is eagerly anticipated, but questions remain over the price

Nintendo’s new console is available in the UK at the end of November, but how much it will cost is still unclearOne question a lot of British gamers had after the Wii U announcements on Thursday was: well, how much is the console going to cost?Although Nintendo provided retail prices for Japan and the US, […]
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Simon Fox: Trinity Mirror’s music man doesn’t have much of a record

He innovated bravely at struggling HMV, but his efforts there have stalled. It’s hard to see why the markets are so enthused about his arrival at Trinity MirrorWhile Sly Bailey was in charge of Trinity Mirror, its shares slid 90%. While her freshly promulgated successor, Simon Fox, was in charge of HMV, its shares fell […]
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