HMV reports dire trading

HMV Group has reported tumbling sales across the business in the face of a continuing weak market, as it agrees to sell book chain Waterstone’s.


Total sales across the group, including Waterstone’s, fell 16.6% in the three months to 30 April. Sales were down 13.7% for the year.

Like for like sales across the group were down 13.6% for the year and quarter.

HMV took the brunt of the fall with like for like sales for the quarter slipping 15.1%.

Waterstone’s like for like sales fell 8.4% during the period, down 3.8% for the year.

The group’s Live division, which includes live music venues and festivals, was the one bright spot in the business performance reporting a 15.7% rise in like for like sales across all venues.

HMV’s trial of increasing the space dedicated to technology also appears to be making an impact as trial stores have outperformed the rest of the estate.

The group has now closed 19 of the 60 stores earmarked for closure, 13 further HMV stores are due to close in the next three months.

The Group expects to report full year pre-tax profit of around £28.5m.

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