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HMV Hull avoids second round of store closures

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Hull's HMV store has avoided the latest round of closures. Administrators for the entertainment chain announced today a further 37 branches are to close, putting 464 jobs at risk. Stores in Grimsby and Scarborough are among those earmarked for closure. It is expected they will shut up shop over the next four to six weeks. Today's announcement takes the total number of store closures to 103, after 66 were identified earlier this month. Nick Edwards, joint administrator, 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." Administrators were called in to HMV on January 15. Earlier this month disgruntled HMV staff hijacked the firm's Twitter account as they were being sacked. The angry workers tweeted live the firing of 60 staff from the HR department in what they described as a "mass execution of loyal employees who love the brand".

HMV Hull avoids second round of store closures


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