Those who enthusiastically condemned the High Street to history at London Games Conference were wide of the mark: Because entertainment retailers aren’t actually reliant on boxed product to survive. That was the view from HMV this week, as the retail firm unveiled a revolutionary strategy to ensure it is still …
Read More »HMV reveals sales rise
The HMV Group’s UK and Ireland division has posted 12.5 per cent total sales growth for the 18 weeks to August 29th – with like-for-like sales up 1.7 per cent. The retailer’s total sales included the contribution from 29 former Zavvi stores. However, the retailer’s Waterstone’s books chain suffered a …
Read More »HMV CEO Simon Fox to quit?
HMV CEO Simon Fox could be set to leave the retailer to become the new boss of ITV, according to reports. According to The FT, HMV shares fell more than two per cent yesterday as the City digested the news. Fox, 48, took the top job at HMV in 2006, …
Read More »HMV profits up 18.4%
Entertainment giant HMV Group has seen its annual revenues rise 4.4 per cent to 1.96 billion for the financial year ending April 25th. After tax profits have reached 44.2 million, an increase of 18.4 per cent over the year before. Like-for-like sales for HMV UK and Ireland rose 1.9 per …
Read More »HMV deadly serious about games
Games made up 21 per cent of the record revenues taken by HMV in its ‘best ever Christmas’, MCV can reveal. As revealed by Mcvuk.com last week (14/01/09), the retailer defied the odds on the High Street to pull off its biggest ever Christmas – enjoying a three per cent …
Read More »HMV enjoys best ever Christmas
HMV has defied the odds on the High Street to pull off its biggest ever Christmas – enjoying a 5.8 per cent sales growth for the ten weeks to January 3rd. Like-for-like growth was up three per cent on the same period in 2008. The total HMV Group – which …
Read More »Games overtaking music at HMV
Video games are set to become more lucrative category than music for HMV. Britain’s leading CD retailer has predicted that music will soon account for a quarter of its sales – down from the 30 per cent it enjoys at present. HMV CEO Simon Fox told The Sun: Within the …
Read More »HMV to ramp up commitment to Blu-Ray
HMV has revealed that it will be stepping up its commitment to Blu-Ray significantly as the format continues to go from strength to strength. After the demise of HD-DVD, the entertainment chain will be increasing Blu-Ray’s in-store presence through out the Summer and Autumn. It can only be a positive …
Read More »Games spearhead HMV growth
UK retailer HMV has announced its financial results for the 26 weeks ending October 27th, which show profits of 25.9 million, a big improvement on the 26.1 million loss in the same period last year. Total sales for the period hit 790.2 million, up from the 767.2 million in the …
Read More »HMV: ‘We’re replacing CDs with games’
Having earlier today confirmed the opening of its first LAN gaming centre at its flagship Trocadero store in London, the chief executive of HMV Simon Fox has said that gaming is set to replace the likes of music as his chain looks to future growth. Speaking to The Daily Telegraph, …
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