HMV on Above Bar Street expected to close

SOUTHAMPTON’S HMV store is closing within the next month.

The three-story Southampton store on Above Bar Street is closing before the beginning of April. However, with very little stock being discounted despite several closing down sale signs, some shoppers are claiming the store will just be moving location and not shutting permanently.

It is not confirmed if the store’s closure will be permanent, with rumours online stating the shop is simply downsizing.

 

HMV sells Vinyl, CD's, DVDs, movies and games, all of which have moved online and away from physical media in recent years
HMV sells Vinyl, CD’s, DVDs, movies and games, all of which have moved online and away from physical media in recent years

 

128 stores remain in the UK after the brand saw financial troubles in 2013, closing several branches. The chain went into administration putting almost 4,500 jobs at risk. HMV has since struggled to keep up with the online shopping trend.

One user on social media has said: “there is still going to be an HMV in Southampton but it’s moving somewhere else in Southampton in a smaller bit”.

According to the Creative Industries Council, The UK is the world’s most competitive digital music market, leaving stores like HMV in short demand for physical sales of vinyl and CDs.

HMV was founded 96 years ago in London, coined as the ‘home of entertainment’, stocking movies, games, music and more.

Vinyl records have recently had a boom in sales
Vinyl records have recently had a boom in sales.

Other sources claim the store will be gone for good: “Trading until May apparently.”

Stores such as CEX remain open in Southampton, offering discounted second-hand tech, film, films and music.

There has been an increase in vinyl sales in recent years, but that still wasn’t enough to stop the shop from closing down.

by Nancy Ashcroft (@nancyammj), Dev Place (@devon_place), Louis Suffill (@louissuffill), Zornitsa Voutchkova (@zornitsaav)