HMV eyes future profits recovery

Press Association
HMV
HMV

Music and film retailer HMV offset anticipated annual losses of £16 million by predicting a surprise return to profit in the following year.


The struggling retailer, which has around 250 stores in the UK, said "very weak" trading in January and a poor release schedule for CDs and DVDs had pushed it to a bigger than expected loss for the year just ended.