HMV calls in administrators

Entertainment retailer HMV has called in administrators following “extremely weak” Christmas sales. The move has put 2,200 jobs at risk.

In a statement, the company also blamed a further deterioration in the UK market for DVDs which fell by 30% over this year’s Christmas trading period compared to last year.

A buyer is currently being sought for the business and HMV’s 125 UK stores will continue to trade while negotiations are ongoing with the major suppliers in the music and movie industries.

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HMV also went into administration six years ago before it was bought by…