Staff at Derby HMV store face uncertain future
STAFF at a Derby music store belonging to HMV are facing an uncertain future after the chain announced it is to appoint an administrator.
The firm, which has its city store in Albion Street, is set to call in Deloitte to run the 92-year-old business, which has struggled to compete with internet retailers and supermarkets, which can sell CDs and DVDs at a cheaper price.
Online music downloads have also taken sales away from its stores.
HMV's 239 outlets, including Derby, will remain open while Deloitte attempts to find a buyer for some or all of the business, although it is likely that there will be widespread store closures as a result of the collapse.
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It is estimated that around 15 staff work at the HMV store in Derby.
The company has already stopped accepting vouchers and gift cards.
CONTACT: Have you been given a HMV gift card or voucher that can no longer be used? Get in touch with us on email@example.com