Music Chain to Sell 60 Stores After Dismal Sales

Summary


DISMAL high street trading during the pre-Christmas freeze has prompted music chain HMV to close 60 stores, as fashion retailer Next blamed December's weather conditions for [pounds]22m in lost sales.

However, upmarket supermarket chain Waitrose is to roll out 39 stores in the UK this year, creating 3,000 jobs.

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Extract


Music Chain to Sell 60 Stores After Dismal Sales

HMV will axe 40 shops and 20 of its Waterstones outlets this year in a bid to slash rental costs, afte...

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