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HMV, the UK retail giant with over 400 stores around the country, has announced its year to date figures to the end of April is substantially higher than those seen during the prior year. The company said pre-tax profit was a whopping £74.2 million during the time period, over £11 million greater than the £63 [...]
(Read More)2nd Jun 10
Tesco to trade in second-hand computer games
by Sally Davies
UK supermarket chain Tesco is to get into the market for second-hand computer games. In a move likely to be popular with gamers, the supermarket will take old games from customers and sell them on at low prices. Tesco won’t be paying cash for the games. Customers will get Tesco money cards with credit that [...]
(Read More)27th May 10
Online downloads close independent music shops in UK
by Adam Richards
A recent survey by consumer watchdog Which? has shown that nearly three out of every four independent music stores in the UK have shut down in the past 10 years. The main reasons for the store closings is due to the increasing number of people going online to download their favourite songs, as well as [...]
(Read More)30th Apr 10
Low sales lead to product changes for HMV
by Katie Naylor
The low sales seen by HMV in the fourth quarter have led the company to diversify its products in hopes of increasing revenue. The largest entertainment retail chain in the UK saw like-for-like sales drop 13.2 per cent during the four months ending on 24 April, although cost-cutting measures and a reduction in overhead has [...]
(Read More)26th Apr 10
Blu-Ray sales expected to jump with release of Avatar
by Katie Naylor
The release of Avatar on Blu-ray is expected to give the high-definition discs a much needed boost in sales. The hope among Blu-ray manufacturers is that the sci-fi movie will encourage fans to buy Blu-ray players and discs, similar to the enormous sales of DVD’s seen after the release of the Matrix in 1999. The [...]
(Read More)23rd Apr 10
New James Bond game could be insured says HMV
by Harry Oldfield
HMV is offering insurance for its video games in trial stores, which allows consumers the ability to protect their new James Bond adventure for up to one year. Bloodstone, the new Bond video game scheduled to be released this autumn, will be insurable for one year at a cost of £1. The insurance option will [...]
(Read More)24th Nov 09
New trend for pop up stalls
by Sally Davies
Temporary stalls, originally designed as a promotional tool for niche brands, look set to go mainstream as big retailers like HMV get in on the act. A typical example of a low-cost pop-up store is the Marmite shop at Regent Street in London. It sells more than 100 products associated with the iconic spread, and [...]
(Read More)