New photo HMV brings in administrators after poor Christmas sales

The collapse of HMV into administration is the latest in a long line of corporate casualties in 2018.

The music retailer has faced pressures including 'weakening consumer confidence, rising costs and business rates pressures' and joins a list of those calling in corporate undertakers, restructuring or shutting up shop for good.

HMV will continue as a going concern and all options remain open for the business, KPMG said. 

HMV has gone into administration after struggling in the build-up to Christmas

One of the bigger causalities of this year was Toys R Us, which entered into administration in February.

The toy chain collapsed and insolvency specialist Moorfields sold off off the retailer's stock at knockdown prices.

All Toys R Us's 75 stores were closed by April 24, with 2,054 employees made redundant.

Electronics chain Maplin went bust on the same day as Toys R Us and all its stores ceased trading in June.

Poundworld disappeared from the high street in August after its administrators announced the chain's final set of store closures.

The discount retailer fell into administration on June 11, putting more than 5,100 jobs at risk across its 335-store portfolio. 

Store faces crisis after nearly 100 years on the high street 

HMV stands for His Master's Voice, the name of an 1898 painting of a dog called Nipper listening to a cylinder phonograph.

Rights to the image were bought the following year by the Gramophone Company, who asked the artist to repaint the work with a wind-up gramophone.

The Gramophone Company opened the first HMV store on Oxford Street, central London, on 20 July 1921.

It later merged with the Columbia Gramophone Company in 1931, to become EMI. They opened HMV stores across the UK and by 1977 had 39 stores stretching from Glasgow to Brighton.

The label opened a store in Oxford Street in the 1920s. It is pictured in 1955

The Oxford Street store played an important part in helping the Beatles land their record deal - setting them on the path to becoming the biggest band in history.

In February 1962, the band had just been rejected by Decca Records, who famously said that 'guitar groups are on the way out'.

Undeterred, manager Brian Epstein paid a visit to HMV to transfer the band's demo tape to disc - and the engineer who helped him was so impressed he called a music publisher down to hear the record.

The publisher got in touch with George Martin, who was quick to sign up the band and later produced their legendary albums.

HMV Media Group broke away from EMI in 1998.

Nipper, the subject of the HMV logo, is buried in Kingston upon Thames in a small park surrounded by magnolia trees. A small road nearby was renamed Nipper Alley in his memory in 2010.

Which high street retailers have closed shops in 2018? 

The year has seen a bloodbath of Britain's high streets - with many of the nation's retailers shutting stores and axing jobs.

Here are some of the big name retailers which have lost out as they face fierce competition from the rise of online shopping

Carpetright - The carpet retailer is closing 92 stores across the UK. These closures represent nearly a quarter of all UK Carpetright stores.

Toys R' Us - The UK's largest toy shop went into administration in February 201, leading to an estimated 2,000 redundancies.

House of Fraser - The department store chain was on the verge of heading into administration but was rescued at the eleventh hour by Sports Direct owner Mike Ashley.

Maplin - The electronics giant has gone bust, closing shops across the country and putting thousands of jobs at risk.

Mothercare - The baby and toddler chain is closing 60 shops across the UK putting up to 900 jobs at risk.

Poundworld - Poundworld announced it was going into administration on June 11 after talks with potential buyer R Capital broke down, putting 5,100 jobs at risk.

Homebase - The DIY chain set to close 42 DIY outlets shut, putting around 1,500 jobs at risk.

Marks & Spencer - The retailer announced in May it plans to close 100 stores by 2022, putting hundreds of jobs at risk. In August stores in Northampton, Falkirk, Kettering, Newmarket, New Mersey Speke, Stockton and Walsall all ceased trading.

 

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News Pictures HMV brings in administrators after poor Christmas sales

You don’t have to pack away your bikini just because you’re the wrong side of 20. These body-beautiful stars reveal their secrets to staying in shape and prove you can smoulder in a two-piece, whatever your age. Read on and be bikini inspired!

TEENS
Hayden Panettiere
Size: 8
Age: 18
Height: 5ft 1in
Weight: 8st

To achieve her kick-ass figure, Hayden – who plays cheerleader Claire Bennet in Heroes – follows the ‘quartering’ rule. She eats only a quarter of the food on her plate, then waits 20 minutes before deciding whether she needs to eat again.

Hayden says: “I don’t have a model’s body, but I’m not one of those crazy girls who thinks that they’re fat. I’m OK with what I have.”

Nicollette says: “I don’t like diets – I see it, I eat it! I believe in eating healthily with lots of protein, vegetables and carbs to give you energy.”

kim cattrall

Size: 10-12
Age: 52
Height: 5ft 8in
Weight: 9st 4lb

SATC star Kim swears by gym sessions with Russian kettle bells (traditional cast-iron weights) and the South Beach Diet to give her the body she wants. To avoid overeating, Kim has a radical diet trick – squirting lemon juice on her leftovers – so she won’t carry on picking.

Kim says: “I am no super-thin Hollywood actress. I am built for men who like women to look like women.”
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