Beleaguered bricks and mortar chain HMV will continue to accept gift vouchers despite its latest fall into administration – something which, last time around, it initially refused to do.
The UK high street stalwart was forced to call in administrators last week after talks with suppliers failed. It’s worrying – this should be HMV’s busiest time of year and 2200 jobs are at risk.
Back in January 2013, when HMV fell into administration last time, the retailer had 4350 staff. It was saved after better deals with the movie and music industries were reached by new owner Hilco, and after a round of shop closures by administrators Deloitte.