HMV in Taunton to close as administrators confirm further cuts
HMV in Taunton will close, the joint administrators of the music and DVD retailer have confirmed this afternoon.
Deloitte has announced that a further 37 stores have been identified for closure, in addition to the 66 already subject to closure programmes.
The administrators said a date for the Taunton branch closure has yet to be confirmed, and that it will continue to trade in the meantime.
However all 37 stores are expected to be shut within the next four to six weeks.
Joint administrator Nick Edwards said: "As part of our ongoing review of HMV’s financial position, we have undertaken a further review of the store portfolio and have identified an additional 37 stores for closure.
"This step has been taken in order to enhance the prospects of the restructured business continuing as a going concern.
"Together with the previously identified 66 closures, this restructuring will result in a residual portfolio of some 116 stores.
"We are extremely grateful to the staff for their continued strong support and commitment during an understandably difficult period. All other key stakeholders including suppliers and landlords remain supportive and we appreciate their ongoing assistance.”
The latest stores identified for closure are Ashford, Basildon, Bolton, Cheltenham, East Kilbride, Enfield, Folkestone, Glasgow Argyle, Gloucester, Grimsby, Hatfield Galleria, Heathrow T5 Departure Level, Heathrow Terminal 1, Heathrow Terminal 3, Heathrow Terminal 4, Hemel Hempstead, High Wycombe, Isle of Wight, Lancaster, Leadenhall, Mansfield, Middlesbrough, Newbury, Newcastle Silverlink, Newport, Nuneaton, Redditch, Salisbury, Scarborough, Southport, Stafford, Staines, Stockport, Swindon, Taunton, Torquay and Woking.