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HMV could return to its original Oxford Street site

By | Published on Monday 17 June 2013

HMV

HMV could soon return to its original home in London following a deal to takeover the retail unit at 363 Oxford Street, currently occupied by Footlocker.

According to reports, new HMV owner Hilco has been in talks with Footlocker about taking over the lease on the site, and a deal is close to being done subject to landlord approval. That unit would replace HMV’s current Oxford Street store, which is nearly three times bigger and which, word has it, a number of other companies expressed an interest in back when the entertainment retailer was in administration earlier this year.

It would be a clever move, because on the one hand it would be an admission by HMV’s new owners that its massive store at 150 Oxford Street is just too big for an entertainment retail operation in 2013, but at the same time all the PR spin can focus on the fact that this is the company returning to the very site where Edward Elgar opened the first His Master’s Voice shop way back in 1921.

Hilco is yet to comment. HMV continued to operate at the 363 Oxford Street site until 2000, with a nearby replacement store closing in early 2011.



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