HMV to close Bolton store
12:38pm Wednesday 20th February 2013 in News
Bolton’s HMV store will shut despite administrators announcing it was safe from closure just two weeks ago.
The shop's 10 staff on Exchange Street are now under threat and they join around 1,500 other HMV workers facing redundancy in other branches.
The administrators axed 66 branches in a first wave of closures but there has been a second announcement of 37 closures. It will lead to another 464 job losses.
Manchester city centre’s iconic 90 Market Street store has already been earmarked for closure although the nearby Arndale Centre store is staying open.
Other smaller shops in Rochdale, Ashton, Wigan and Blackburn are also to close as part of the recovery plans for the music, DVD and games chain. The Trafford Centre site remains open.
Administrators at accountancy firm Deloitte announced the news today. All shops which will continue to trade in the meantime. However, it is expected that closures will take place over the next two months. HMV currently operates from 220 UK branches.
It opened a lot of smaller branches in the 2000s but was traditionally based only in large towns and city centres. The closures will return HMV to a smaller chain reflecting its size during its 1980s heydays.
Other north-west shops to close include Warrington, St Helen’s and Birkenhead. Other big cities are affected as well as Manchester, with closures in Edinburgh, Glasgow, Leeds, Birmingham and London.