More HMV stores set to close
A FURTHER 37 HMV stores will close with the loss of 464 jobs as administrators Deloitte continue the hunt for a buyer for the troubled chain.
The HMV store in Swansea's Quadrant Shopping Centre has not been identified for closure.
It is expected closures will take place over the next four to six weeks in parallel with 66 stores already subject to a closure programme.
HMV currently operates from 219 stores in the UK.
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Nick Edwards of Deloitte said: "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."
HMV appointed Deloitte as administrators on January 15.
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