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Business News HMV Timeline Retail
HMV upbeat despite losses
By CMU Editorial | Published on Thursday 13 December 2007
HMV has posted a loss for the first half of the financial year, though it’s slightly down on the losses made in the same period last year, and revenues from the sale of its Japanese business helped the company go into profit overall.
Giving an upbeat round up, the company says its gaming and technology bits have been doing well, and that they’ve been increasing their share of the music and DVD markets, adding that they are optimistic about the Christmas period.
Boss Simon Fox told reporters: “The group’s first half was driven in particular by like-for-like sales growth in HMV UK and Ireland, where we are successfully exploiting the high growth games and technology categories and increasing our share of music and DVD. At this stage, the most important days and weeks of our financial calendar are still ahead of us, and our stores and websites are very well prepared for Christmas”.
