HMV Group to close 60 UK stores across HMV and Waterstone's

The retailer today announced a 14.1% drop in like-for-like sales at its UK and Ireland stores for the 10 weeks to January 1 2011, blaming the bad weather and weak sales of entertainment products.

Looking ahead, the retailer says it is expecting a tough time in 2011 and is therefore taking aggressive action to manage its cost base, including closing 60 UK stores. These will be across HMV and book retailer Waterstone's and are likely to occur in cities where ...

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