York's HMV store survives another round of closures (From York Press)

York's HMV store survives another round of closures

12:18pm Wednesday 20th February 2013 in Business news By Julie Hayes, Business editor

YORK'S HMV shop has survived another round of store closures as administrators continue their review of the business.

Deloitte announced today another 37 of HMV's 219 stores had been identified for closure, including Scarborough's Westborough store. The announcement follows 66 closures announced earlier this month.

The affected stores employ 464 staff and the closures are expected to take place over the next four to six weeks.

Nick Edwards, joint administrator, said: “This step has been taken in order to enhance the prospects of the restructured business continuing as a going concern. Together with the previously identified 66 closures, this restructuring will result in a residual portfolio of some 116 stores.

“We are extremely grateful to the staff for their continued strong support and commitment during an understandably difficult period. All other key stakeholders including suppliers and landlords remain supportive and we appreciate their ongoing assistance.”