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Administrators confirm HMV in Golden Square will close
10:47am Thursday 7th February 2013 in News
THE high street has suffered another blow as HMV’s administrators confirmed today the Golden Square music shop was among store closures.
Nine members of staff are set to lose their jobs over the next one to two months as the Warrington unit was identified as one of 66 ‘loss making’ stores in the country.
No fixed date has been set for the Warrington closure which will continue to trade in the meantime.
Nick Edwards, joint administrator, said: “As part of our ongoing review of HMV’s financial position, we have now completed a review of the store portfolio and have identified 66 loss making stores for closure.
“This step has been taken in order to enhance the prospects of securing the business’ future as a going concern.
“We continue to receive strong support from staff and are extremely grateful to them for their commitment during an understandably difficult period.”
Administrators were appointed on January 15 this year.
The news follows town centre photo shop Jessops closing and film rental store Blockbusters, which has three stores in Warrington, going into administration.