HMV Swansea staff among 4,000 at risk across UK as firm goes into administration
SHOP workers at HMV in Swansea are among 4,123 staff across the country whose jobs are at risk as the chain has gone into administration.
The firm, which operates 223 UK stores, last night officially brought in administrators Deloitte as it became the latest casualty of the British high street.
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HMV
If it were to close, HMV would bring the number of retail jobs lost across the UK in the last six weeks to around 12,000 following the collapse of electricals giant Comet and photographic chain Jessops.
HMV launched a blue cross sale across its UK stores on Saturday which offered 25 per cent off selected products such as DVDs, Blu-rays and CDs.
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It also invested in a wider range of hi-tech products such as headphones and speakers in stores including its outlet at Swansea's Quadrant Shopping Centre.
Deloitte has been appointed to find a buyer for the troubled entertainment giant.
Nick Edwards, joint administrator at Deloitte, said: "HMV is an iconic retailer and continues to be a very popular brand, but as we have seen with many high street retailers, the market is changing rapidly and conditions are currently very tough.
"Following our appointment, we are working closely with management and staff to stabilise the business in order to continue trading whilst actively seeking a purchaser for the business and assets.
"We appreciate the cooperation and support from the staff, customers, suppliers and landlords at what is clearly a difficult time."
Quadrant Shopping Centre manager Ian Kirkpatrick said: "Our thoughts are obviously with the staff of HMV for whom this is a difficult and uncertain time.
"But they remain open and are continuing to trade.
"HMV's situation is a result of underlying problems in the business at a national level and I would emphasise it is not a reflection of the situation in Swansea where we have welcomed several new businesses."
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