All 16 HMV stores to close; 300 jobs lost
on 12/02/2013 13:07:46
The staff were previously placed on temporary lay-off. Efforts to find a buyer for the Irish stores were unsuccessful.
In a statement, the company said: "Since his appointment, the receiver has conducted an assessment of the viability of the company and has actively sought a sale.
"The marketplace is very difficult given competition from web-based retailers and digital downloads, compounded by a number of other factors including high levels of rent.
"All stores were loss making and it was not possible to attract a purchaser."