Friday, May 09, 2008

Bonuses all round: HMV turns a corner

Although helped more by the diminishing competition than anything else, HMV will today announce a small increase in sales over the last year. They had a 7% rise; although they managed this with only two of their chain having been turned into digital youth clubs, the company has decided to carry on rolling out their new-style stores.


Spence said...

Must say, I can't wait til my local branch undergoes this amazing transformation. I may even buy a hoodie so I'll fit in.

Bit worried about the potential lack of CDs on display, mind...

Gatz said...

7% y-o-y growth is not small, it's astonishing - particularly in a depressed market. I've got a vested interest in this as I worked for Waterstone's for many years, so a large chunk of my pension is with HMV.

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