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Northampton HMV to remain open despite fresh closures

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The HMV store in Northampton’s Grosvenor Centre has again been spared the axe after administrators this afternoon announced a fresh round of shop closures.

In an announcement today the joint administrators of the troubled High Street giant confirmed a further 37 stores have been identified for closure.

Today’s announcement could lead to 464 staff losses.

The Kettering branch will also remain open.

No fixed date is set for the closure of these stores, which will continue to trade in the meantime.

However, it is expected that closures will take place over the next four to six weeks in parallel with the 66 stores that are already subject to a closure programme.

The additional 37 stores identified for closure are:

Ashford, Basildon, Bolton, Cheltenham, East Kilbride, Enfield, Folkestone, Glasgow Argyle, Gloucester, Grimsby, Hatfield Galleria, Heathrow T5 Departure Level, Heathrow Terminal 1, Heathrow Terminal 3, Heathrow Terminal 4, Hemel Hempstead, High Wycombe, Isle of Wight, Lancaster, Leadenhall, Mansfield, Middlesbrough, Newbury, Newcastle Silverlink, Newport, Nuneaton, Redditch, Salisbury, Scarborough, Southport, Stafford, Staines, Stockport, Swindon, Taunton, Torquay, Woking.

Nick Edwards, Joint Administrator, commented: “As part of our ongoing review of HMV’s financial position, we have undertaken a further review of the store portfolio and have identified an additional 37 stores for closure. This step has been taken in order to enhance the prospects of the restructured business continuing as a going concern. Together with the previously identified 66 closures, this restructuring will result in a residual portfolio of some 116 stores.

“We are extremely grateful to the staff for their continued strong support and commitment during an understandably difficult period. All other key stakeholders including suppliers and landlords remain supportive and we appreciate their ongoing assistance.”

 

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