Music chain forced to close its Bay store
MUSIC chain HMV is to close its Torquay store in Union Street following an announcement that the company would shut a further 37 stores in the UK.
Administrators working for HMV have already said 66 stores are to go.
A second round of closures could put some 464 jobs at risk.
No fixed closure date has been set for the latest stores, which will continue to trade in the meantime.
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However, it is expected closures will take place over the next four to six weeks in line with the 66 stores already identified for closure.
Nick Edwards, joint administrator, said: "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."
Administrators were called in to HMV on January 15.
4 Comments
by SmartyC
Friday, February 22 2013, 10:21PM
“Will the last retailer out of Torquay town centre please turn out the lights...”
by nicold
Thursday, February 21 2013, 2:34PM
“Loved it when it was a bookshop...something about books and a coffee shop go together...not the same with CD's and dvd's”
by stevetims2
Thursday, February 21 2013, 11:39AM
“I cant wait for the new charity shop to take its place..Ooo the excitement”
by djay47
Thursday, February 21 2013, 11:24AM
“Another One Bites The Dust !”