Business News HMV Timeline Retail

HMV say trading conditions remain tough

By | Published on Thursday 21 December 2006


HMV have said trading conditions remain tough, meaning that their end of year profits are likely to come in at the bottom end of forecasts.

Bosses there say that recent efforts to improve sales are “working effectively”, but nevertheless like-for-like sales across the group for the twelve weeks following 28 Sep were down 1.3%.

The company’s recently appointed CEO Simon Fox commenting on the latest figures: “We recognise that we face very tough and rapidly-changing markets and have to work hard to offset this”.