Derby's HMV store escapes the axe ... but two nearby are set to close
DERBY'S HMV music store is not among those earmarked for closure by the firm's administrators – but stores in Chesterfield and Burton will shut.
Deloitte, which took over the running of the troubled music chain last month, yesterday announced plans to shut 66 stores out of 220 HMV has nationwide.
It has confirmed that among the stores that will shut is the HMV at the Coopers Square shopping centre in Burton and an outlet at the Vicar Lane Shopping Centre in Chesterfield.
The closures affect 930 jobs. Out of that number, it is understood around 30 jobs would be affected at the Burton and Chesterfield stores.
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Deloitte said the outlets it is closing were deemed to be "loss-making" stores.
But HMV's Derby outlet, in Albion Street, which employs around 20 staff, has escaped the axe for now and will continue to trade as normal.
Deloitte said that no fixed date had been set for the closures but it is expected that they will shut over the next one to two months.
Joint administrator Nick Edwards said: "As part of our ongoing review of HMV's financial position, we have now completed a review of the store portfolio and have identified 66 loss-making stores for closure.
"This step has been taken in order to enhance the prospects of securing the business's future as a going concern.
"We continue to receive strong support from staff and are extremely grateful to them for their commitment during an understandably difficult period.
"All other key stakeholders remain very supportive and I continue to be hopeful of securing a future for the restructured business."
Mr Edwards, along with Rob Harding and Neville Kahn from Deloitte, were appointed joint administrators of HMV on January 15.
It has faced intense competition from online retailers, digital downloads and supermarkets in recent years.
There are fears in Derby that if the city's HMV store does close then it will have a serious affect on that particular area of the city.
Last month the city was rocked by the decision made by Midlands Co-operative Society to shut its Derby department store, which is located directly opposite HMV, in Exchange Street.
The outlet, which employs 64 staff, is one of nine home and fashion department stores in the region that have been earmarked for closure over the next six months.
The city has also been affected by the closure of camera chain Jessops, which had a store at The Spot, and the administration of video chain Blockbuster.
The Jessops brand has been recently bought by a group, which includes entrepreneur and Dragon's Den star Peter Jones – but it is not thought that there are any plans to re-open its stores.