HMV is an iconic British entertainment retailer of physical media, including CDs, DVDs, Blu-rays, vinyl, books, toys and other pop-culture merchandise. It was rescued from administration in 2019 by Canadian tycoon Doug Putman, who owns record store chain Sunrise Records and HMV Canada. Its famous Oxford Street store reopened in 2023. Retail Week provides news, analysis, features and opinion about HMV and specialist retailers.
HMV has promoted two staff members for newly created roles following the departure of the retailer’s marketing and commercial director.
Canadian entrepreneur Doug Putman is in talks to buy the store network of the high-street stalwart, according to The Sun newspaper.
HMV has become one of the first retailers to publicly suspend new store openings across the UK, saying the Budget has made the environment too risky to invest.
HMV is expanding into the sale of books to create its first standalone offering at its Oxford Street flagship before potentially rolling this out to all of its UK stores.
HMV has recorded a “huge boost in sales” this week, mainly due to British band Oasis deciding to reunite after 15 years.
Advertisement
