All HMV articles – Page 2
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InterviewInterview: HMV boss Doug Putman on the retailer's Oxford Street comeback
As the retailer reverses its fortunes and gears up to reopen its Oxford Street flagship, HMV chief executive Doug Putman talks about returning to the iconic store and how overhauling its product offering has paid off
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NewsHMV to reopen iconic Oxford Street flagship
HMV is set to return to its flagship store on Oxford Street later this year following a four-year absence.
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InterviewInterview: HMV’s Doug Putman on stores, streaming and centenary celebrations
Having suffered tumbling profits and two administrations in the past decade alone, HMV has had to scrap its way to its 100th anniversary on the British high street.
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Retail Navigator AnalysisHMV (Overview)
HMV is an iconic entertainment retailer that had struggled to keep pace with the digital era. The business was snapped up by Canadian retail tycoon Doug Putman in February 2019, with just over 100 stores saved. Putman has been working hard to spin HMV’s fortunes around by growing its share of the physical music market, which is likely to see it remain a relatively small and specialist operation. Its UK store estate had grown to around 120 doors as of mid 2023.
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Retail Navigator AnalysisHMV (SWOT)
HMV is the last remaining entertainment specialist on the UK high street. It remains the case that sales of physical entertainment has been in long-term decline, however there is an opportunity to develop entertainment stores and focus on events and experiences.
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Retail Navigator AnalysisHMV (People)
Retail tycoon Doug Putman – the owner of music retailer Sunrise Records in Canada – took ownership of HMV in February 2019.
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Retail Navigator AnalysisHMV (Financials)
HMV continued to record double-digit growth with revenue up 18% to £177.9m for the year ending 30 May 2023 (FY2022). “Continued investment” in its ecommerce platform as well as “offering products with sufficient exclusivity or collectability” were key levers for growth.
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NewsHMV eyes recovery under Putman’s ownership
HMV has announced marginal losses amid the coronaviurs pandemic and owner Doug Putman says he is “positive about the months and years to come”.
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NewsHMV owner expands store estate with US acquisition
HMV and Sunrise Records owner Doug Putman has acquired US retailer For Your Entertainment.
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NewsDebenhams and HMV to close swathe of stores this month
Debenhams and HMV will both shutter stores this month as the retailers grapple with rising rents and business rates.
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NewsMusic sales hit highest level since 2006 but CDs plummet
Music sales hit their highest level since 2006 in the UK last year, despite sales of physical CDs continuing to plummet.
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GalleryInterview: HMV boss vows return to profit as Birmingham superstore unveiled
Nine months after being bought out of administration, HMV’s new boss Doug Putman talks to Retail Week about its newest store opening in Birmingham today.
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NewsHMV launches Europe’s largest music store
HMV will launch Europe’s largest music and entertainment store this morning as new owner Doug Putman vows to put “experience” at the heart of the business.
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OpinionLeader: Thomas Cook deal is vote of confidence in high streets
The acquisition of Thomas Cook by Hays Travel is potentially great news for high streets, one shaft of sunlight to pierce the clouds hanging over town centres.
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NewsHMV set to unveil new experiential Birmingham flagship
HMV will open a new flagship in Birmingham city centre next month which will act as a live music space and focus on vinyl records.
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OpinionOpinion: Can HMV do a Waterstones and reinvent itself?
At various points in the past couple of weeks, it’s looked very much as if one of the last refuges for the middle-aged might go the way of all flesh.
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AnalysisCan Sunrise Records boss Doug Putman spin HMV around?
HMV’s new owner Doug Putman tells Retail Week about his plans to revive the retailer
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NewsOpinion: Successful shops must be about more than shopping
When John Lewis unveiled its Westfield London store last year, managing director Paula Nickolds described it as a place “to shop, do and learn”.
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NewsHMV's 27 store closures revealed
HMV administrator KPMG has named the 27 stores set to close, including the retailer’s Oxford Street flagship.
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NewsHMV sold to Canadian music retail tycoon
Entertainment retailer HMV has been acquired by Canadian music mogul Doug Putman.