As it opens up its new flagship store in Birmingham, HMV has plans for more.
We’ve been following the HMV story quite a lot over the past months, as the firm has returned to profit following being saved from bankruptcy at the start of the year.
The chain was acquired by the Canadian company Sunrise Records in February, that oversaw the closing of 15 stores, but saved over 100 more. And then, more recently, it’s announced its plan to open a new flagship store in Birmingham, that we talked about here.
Now, Doug Puttman – the boss of Sunrise Records – has confirmed more future plans for HMV. On the one hand, he’s looking to bring more and more live events into its stores. But also, it’ll continue its recent introduction of catalogue vinyl into its shops. Furthermore, DVD/Blu-ray disc sales still account for around 40% of its business.
The new flagship shop opens imminently, and HMV has revealed too that there are plans to open new stores in 2020. It’s not announced a number, but there have been hints that a new London shop is a possibility (it closed its flagship Oxford Street store earlier this year, that was losing around £1.5m a year).
When we hear where the stores are going to be opening, we’ll pass the news one…
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