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HMV high street sales in decline - Venture Insights

Report Overview

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HMV high street sales in decline

PublisherEnders Analysis.
Publish Date January 11, 2011
Sector Music and Radio.

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HMV’s poor trading update for the crucial Christmas period was due to the decline in demand for CDs, DVDs and games, and competition from supermarkets and e-tailers, compounded by bad weather

Waterstone’s outperformed HMV as the challenges of high street book retailing are not (yet) as acute as for CDs and DVDs we consider it possible that HMV will divest the chain

HMV’s strategy for the store network is a key challenge for 2011 in addition to planned store closures, further closures may be needed to maintain current profitability