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HMV to close flagship Oxford Street store in March 2027
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Entertainment retailer HMV has announced it will shut its flagship Oxford Street store in London in March 2027, affecting more than 50 staff. The closure is due to a proposed doubling of the rent and substantial renovation costs, making the site commercially unviable. HMV hopes to relocate affected workers to other London locations and is actively searching for a new site in the West End.
Wichtige Punkte
- HMV will close its flagship Oxford Street store in March 2027, three years after reopening it.
- The closure is driven by a proposed doubling of rent and substantial renovation costs.
- Over 50 staff members are affected, and HMV plans to transfer them to other London stores or its head office where possible.
- The company is currently looking for a new site in London's West End to maintain a significant presence in the capital.