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HMV: Now, that's a surprise
Gennaro Castaldo should be in for a large bonus - confounding city expectations and a fairly dismal time on the High Street, HMV has posted like-for-like sales growth of nearly 10% over the Christmas period. Even their album sales were better than in 2006.
Of course, a cynic might point out that the economic slowdown and there generally being less cash around means that cheaper gifts like DVDs and CDs means HMV is doing quite well out of everyone else's pain.
1 comment:
Also - I don't know about other towns, but two years ago Derby had a Virgin Megastore, an MVC, a Music Zone, a HMV and an independent record shop. These have all closed now except for HMV. So if you want to buy a CD or DVD you only have one choice. I went into HMV the weekend before xmas and the queue for the checkouts was all the way round the shop and almost out the door.
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