HMV to close 66 stores

HMV administrator Deloitte today said that around a quarter of loss-making stores will close, affecting 930 jobs.

The closure of 66 stores, out of its 220-strong store portfolio, is expected to take place over the next two months. HMV currently employs around 4,000 people in the UK.

Deloitte was appointed administrator to struggling HMV in January.