HMV sees sales rise

HMV group says it will seek “further new initiatives” following its move into live music promotion and ticketing this year.


The group reported like for like sales at its music to games retail division HMV UK & Ireland rose by 1.9% in its full year results, while sales at its book retail chain Waterstones fell by 3.8% compared to the previous 12 months.

The group, which also owns a string of HMV stores internationally, reported total group sales grew by 4.4% to £1,956.7m.

Chief executive Simon Fox says he will be “looking at further growth opportunities” following a year in which it signed deals to promote joint events with independent cinema chain Curzon and mobile concessions with Orange.

New chairman Robert Swannell adds “The step we have made this year to invest in live music venues and ticketing is the first beyond the current [three year] plan, and shareholders can expect further new initiatives.”

He says these moves will underpin its “clear strengths as the only specialists retailer of scale in our markets” despite an “absence of effective government action” to target the “free illegal digital market.”

HMV bought 25 former Zavvi stores after its high street music and games rival collapsed into administration over Christmas.

HMV’s flagship store in London reported that it had sold out of CDs by Michael Jackson within 72 hours of the superstar’s death and had to order more stock for the start of this week.

Latest from Marketing Week


Access Marketing Week’s wealth of insight, analysis and opinion that will help you do your job better.

Register and receive the best content from the only UK title 100% dedicated to serving marketers' needs.

We’ll ask you just a few questions about what you do and where you work. The more we know about our visitors, the better and more relevant content we can provide for them. And, yes, knowing our audience better helps us find commercial partners too. Don't worry, we won't share your information with other parties, unless you give us permission to do so.

Register now


Our award winning editorial team (PPA Digital Brand of the Year) ask the big questions about the biggest issues on everything from strategy through to execution to help you navigate the fast moving modern marketing landscape.


From the opportunities and challenges of emerging technology to the need for greater effectiveness, from the challenge of measurement to building a marketing team fit for the future, we are your guide.


Information, inspiration and advice from the marketing world and beyond that will help you develop as a marketer and as a leader.

Having problems?

Contact us on +44 (0)20 7292 3703 or email

If you are looking for our Jobs site, please click here