Waterstones

  1. Simon Fox, HMV CEO, Stepping Down, Trevor Moore Named Successor

    August 02, 2012 10:20 AM EDT The HMV Group, owner of the UK's largest entertainment retailer, today announced in a statement to investors that CEO Simon Fox would be stepping down on September 3 and would be replaced by Trevor Moore. Moore, was formerly the chief executi ...

  2. HMV Reports Further Losses, May Sell Live Division to Boost Finances

    December 19, 2011 3:29 PM EST Struggling U.K. entertainment retailer HMV is considering selling its profitable live division, HMV Live, following yet another significant drop in sales. HMV Group posted a total loss of £50.1 million ($77.8 million) for the 26-week period ending ...

  3. HMV Sales Drop 15%, Company Announces New Exec Appointments

    September 09, 2011 4:36 PM EDT Struggling U.K. music retailer HMV has reported a further fall in retail sales for its first quarter, but remains optimistic that its new tech-led strategy shows the way to recovery. Like-for-like sales for the 18 weeks ending September 3 2011 dro ...

  4. Business Matters: HMV Woes Signal Even Bigger Retail Changes Ahead

    July 05, 2011 5:42 PM EDT Ask Not For Whom The Bell Tolls…: HMV -- If you took a long holiday weekend you may have missed the news that retail chain HMV posted a large annual loss and is in the midst of restructuring the company into a "broad-based entertainment busin ...

  5. HMV's Profits Plunge, More Challenges Ahead

    June 30, 2011 8:19 AM EDT LONDON (Reuters) - Struggling music and DVD retailer HMV , which has been selling off assets in a bid to secure its future, said trading conditions were set to remain tough as it posted a 61 percent drop in annual profit. The 90-year-old group, wh ...

  6. HMV to Sell 125 Canadian Stores: Report

    June 27, 2011 7:18 AM EDT LONDON (Reuters) - Struggling British retailer HMV is set to announce the sale of its 125-store Canadian business to restructuring specialist Hilco's Valco Capital Partners arm, the Sunday Telegraph reported. An HMV spokeswoman declined to co ...

  7. HMV Selling Waterstone's Book Unit for $86 Million

    May 20, 2011 7:23 AM EDT LONDON - Struggling entertainment retailer HMV Group PLC said Friday it is selling its Waterstone's bookshops to raise 53 million pounds ($86 million). The sale of the bookstore chain to A&NN Capital Fund Management Ltd. comes ahead of a ...

  8. HMV Looks To Major Labels For Financial Assistance

    April 11, 2011 8:07 AM EDT Troubled U.K. High Street retailer HMV has called upon the four major labels to help stave off its debt and cash flow crisis, according to U.K. press reports. British broadsheet newspaper The Sunday Times has reported that HMV has asked EMI, Sony ...

  9. HMV Warns of Lower Profits

    April 06, 2011 1:50 PM EDT U.K.-based retailer HMV has issued another profit warning sending the company's shares down over 9% on Wednesday before closing down 6.1%. The company lowered its estimate for full-year profit to 30 million pounds (about $49 million) from $40 ...

  10. U.K.'s Major Label Heads Rally Around Beleaguered Music Retailer HMV

    January 20, 2011 12:00 AM EST Music and books retailer HMV has appointed accountancy firm KPMG to advise on its debt and help it meet an April test of its borrowing rules, a source familiar with the situation said. The source said Thursday that KPMG, already an adviser to HMV, ...

  11. Russian Billionaire Increases Stake in HMV

    November 10, 2010 12:00 AM EST Bloomberg reports that Russian oligarch Alexander Mamut has increased his stake in HMV Group, the British company which owns and operates leading U.K. entertainment retailer HMV. According to Bloomberg, Mamut has upped his existing stake in HMV Gr ...

  12. Business Matters: Ourstage, HMV, iTunes and more

    September 08, 2010 12:00 AM EDT Opinion and analysis of the day's music news. ROCK IS DEAD? AGAIN? -- BBC News has an interesting story about the lack of rock titles on the UK singles chart. Sales of rock singles are down nearly 18% in the first eight months of 2010. In con ...

  13. HMV, Waterstone's Consolidate Marketing

    August 10, 2010 12:00 AM EDT U.K. entertainment retailer HMV and bookseller Waterstone's have consolidated their marketing operations. Both retailers operate within HMV Group. The consolidation is effective immediately and the new group marketing department will be led b ...

  14. HMV Year Profit Up 18%

    June 30, 2010 12:00 AM EDT HMV Group has revealed an 18% increase in pre-tax profits for the year ending April 24, 2010 to £74.2 million ($111 million). However, like for like sales at U.K. entertainment retailer HMV (including Ireland) were down 2.4% compared to the prior ...

  15. Severe Weather Hits HMV Sales

    April 29, 2010 12:00 AM EDT U.K. entertainment retailer HMV put in a solid performance in 2009, but its sales in the first three months of 2010 were disappointing. A trading update from the retailer showed total year-on-year sales growth for HMV U.K. and Ireland of 7.2% for ...

  16. HMV Targets New Products, Live Music Market

    March 26, 2010 12:00 AM EDT British entertainment retailer HMV is targeting earnings growth over the medium term by increasing sales of new products in music, visual and games and raising its presence in live music and ticketing. In a strategy update, the firm pledged a turn ...

  17. HMV 'Could Be Target For Private Equity Bid'

    March 04, 2010 12:00 AM EST U.K. entertainment retailer HMV's share performance could make it a target for private equity bidders, an influential retail analyst has claimed. Arden Securities' Nick Bubb said despite its position as the "last man standing" ...

  18. HMV Posts Double Digit Xmas Sales Rise

    January 14, 2010 12:00 AM EST U.K. entertainment retailer HMV increased sales in the U.K. and Ireland by 13.4% over the 10-week Christmas trading period compared to the previous year. Meanwhile, the retailer's diversification into venues looks set to continue in 2010. The ...

  19. U.K. Retailers Warn Of Labels' Conservatism

    December 31, 2009 12:00 AM EST U.K. entertainment retailers fear that conservatism among music, film and games companies means their products face losing the interest of the British public. That's the core point of a New Year message issued to the entertainment industry to ...

  20. HMV Sales Jump 12.8%

    December 11, 2009 12:00 AM EST HMV U.K. and Ireland increased sales by 12.8% to £470.7 million ($763.8 million) in the six months to Oct. 25, 2009 compared to the same period a year ago. The U.K. entertainment retailer was able to take advantage of the demise of rivals Zavvi an ...

  21. Speculation Over Borders U.K. Continues

    November 25, 2009 12:00 AM EST Publishers are waiting for news on Borders U.K., as negotiations continue over a possible sale of the troubled chain. A number of distributors have the retailer on stop, with the Random House-owned companies -- the Book Service and Grantham Book S ...

  22. Speculation Mounts Over Borders U.K. Sale

    November 23, 2009 12:00 AM EST Borders U.K. is once again the subject of feverish speculation after it was placed back on the market only four months after it was bought in a management buyout backed by distressed debt specialist Valco Capital Partners. Publishers spoken to by ...

  23. HMV Rolls Out Temporary Christmas Stores

    October 22, 2009 12:00 AM EDT U.K. entertainment retailer HMV is launching its first temporary stores for the Christmas trading period. "We opened the first one last weekend in Bluewater and the next four open in Saturday (Oct. 24)," HMV Group chief executive Simon F ...

  24. S&S, HarperCollins Tie In Jackson Race

    July 15, 2009 12:00 AM EDT Simon & Schuster and HarperCollins have tied in their bid to be first to market with a new Michael Jackson book in the U.K. Copies of S&S's "Unmasked: The Final Years of Michael Jackson," by Ian Halperin, were hand-delivered ...

  25. HMV Group Profit Up 12%

    June 30, 2009 12:00 AM EDT Britain's HMV Group Plc has seen an unprecedented surge in demand for Michael Jackson's music following the singer's death on Thursday, the retailer said, as it met forecasts with a 12% rise in profit. Chief executive Simon Fox said ...

  26. HMV Sales Up 11.7% In 2009

    April 29, 2009 12:00 AM EDT U.K. entertainment retailer HMV has benefited from the closure of rival Zavvi and the Woolworths retail chain, recording a year-on-year sales volume increase of 11.7% for the 16 weeks ending April 25, 2009. During a conference call, HMV Group chie ...

  27. HMV Enters U.K. Live Biz

    January 14, 2009 12:00 AM EST HMV has partnered with venue operator the Mama Group on a joint venture that will see the U.K. entertainment retailer sharing profits at 11 mid- to large-size venues. The 5,100-capacity Hammersmith Apollo will be renamed the HMV Apollo and the agr ...

  28. HMV Posts £27.5m Six-Month Loss

    December 11, 2008 12:00 AM EST Retail group HMV suffered a pre-tax loss of £27.5 million ($41.2 million) in the 26 weeks ended Oct. 25. After the company's interim results were published at 7am GMT this morning, HMV Group shares fell on the London Stock Exchange from last ...

  29. HMV Joins British Retail Consortium

    September 24, 2008 12:00 AM EDT U.K. entertainment retail chain HMV is to join the British Retail Consortium (BRC). The move will be announced by BRC chairman Sir Geoff Mulcahy at the retail trade organization's annual dinner tonight (Sept. 24). The BRC represents retailers ...

  30. HMV Sales On The Rise

    September 05, 2008 12:00 AM EDT HMV Group announced 1.3% growth in total sales for the 18 weeks ending Aug. 30, in the first trading update of its current financial year. "In what is a tough consumer environment, the solid start made by the Group to the new financial year m ...

  31. HMV Says Well Prepared For Christmas After H1 Loss

    December 12, 2007 12:00 AM EST British music and books retailer HMV Group Plc said on Wednesday it was well set up for the key Christmas trading period as it unveiled an expected first-half loss. The retailer, which runs Waterstone's bookstores as well as music shops under ...

  32. HMV Names New Executive Director

    July 26, 2007 12:00 AM EDT British music and entertainment retail giant HMV has appointed Gerry Johnson as a new executive director, with immediate effect. Johnson currently serves as managing director of HMV-owned bookseller Waterstone's in the United Kingdom. Johnson ...

  33. HMV Annual Profit Down, Current Sales Up

    June 28, 2007 12:00 AM EDT British retail giant HMV Group admitted today it had suffered a "difficult" financial year. Pre-tax profits for the music-and-books specialist retailer slumped 73% to £21.6 million ($43 million) in the financial year ending April 28, fro ...

  34. HMV Japan Auction Begins

    May 11, 2007 12:00 AM EDT British music and books retailer HMV Group Plc is auctioning its Japanese business, with buyout firms among the bidders, sources familiar with the matter said on Friday. The bidding has started high, at about 10 times core earnings. Japanese bank ...

  35. HMV Looks To Arctic Monkeys In Tough Trade

    May 03, 2007 12:00 AM EDT British music and books retailer HMV Group Plc said on Thursday it was confident profits for the full year would be in line with restated analyst expectations despite an extremely tough market. The group, which issued a profit warning in March due ...

  36. Cunning Fox Outlines HMV Survival Plans

    March 13, 2007 12:00 AM EDT British market-leading music and entertainment retailer HMV Group plc this morning issued a profit warning and unveiled a "radical" three-year review of the company's operations. The company's stockprice fell 11.29% in morning ...

  37. Knott Splits With HMV

    January 11, 2007 12:00 AM EST In a surprise move, HMV U.K. and Ireland managing director Steve Knott is to stand down from the business by "mutual consent" at the end of January, the market-leading music and entertainment retailer said today (Jan. 11). From Feb. 1, g ...

  38. HMV U.K. Sees Improved Sales

    September 28, 2006 12:00 AM EDT The company reports a 9.5% growth. A buoyant HMV Group, the U.K. music, books and entertainment retail giant, reported a 9.5% growth in total sales for the 12 weeks ending Sept. 23, compared with the same period in 2005. The improvement in overall ...

  39. HMV U.K. Sees Improved Sales Despite Difficult Market

    September 28, 2006 12:00 AM EDT The company reports a 9.5% growth. A buoyant HMV Group, the U.K. music, books and entertainment retail giant, reported a 9.5% growth in total sales for the 12 weeks ending Sept. 23, compared with the same period in 2005. The improvement in overall ...

  40. HMV's Profits Slump

    July 06, 2006 12:00 AM EDT Music and book retailer HMV Group plc on Thursday (July 6) reported a sharp drop in profit in a fiercely competitive environment. After-tax profit in the year ending April 29 was £56.2 million ($ Music and book retailer HMV Group plc on T ...

  41. HMV's Profits Slump

    July 06, 2006 12:00 AM EDT Retailing conditions worsening. Music and book retailer HMV Group plc on Thursday (July 6) reported a sharp drop in profit in a fiercely competitive environment. After-tax profit in the year ending April 29 was £56.2 million ($103.5 million), down ...

  42. HMV To Buy Bookseller Ottakar's For $118M

    May 31, 2006 12:00 AM EDT Powerhouse British music and entertainment retailer HMV has agreed to buy bookseller Ottakar's for a cut-price £62.8 million ($118 million). Powerhouse British music and entertainment retailer HMV has agreed to buy bookseller Ottakar ...

  43. HMV To Buy Bookseller Ottakar's For $118M

    May 31, 2006 12:00 AM EDT Powerhouse British music and entertainment retailer HMV has agreed to buy bookseller Ottakar's for a cut-price £62.8 million ($118 million). Powerhouse British music and entertainment retailer HMV has agreed to buy bookseller Ottakar ...

  44. Ottakar's Rebuffs HMV Approach

    May 16, 2006 12:00 AM EDT HMV Group's most recent offer for book seller Ottakar's has been rejected. In a statement issued today (May 16) to the London Stock Exchange, Ottakar's claimed that HMV's renewed cash offer was at a p HMV Group's most rece ...

  45. Ottakar's Rebuffs HMV Approach

    May 16, 2006 12:00 AM EDT HMV Group's most recent offer for book seller Ottakar's has been rejected. In a statement issued today (May 16) to the London Stock Exchange, Ottakar's claimed that HMV's renewed cash offer was at a p HMV Group's most rece ...

  46. Watchdog OKs HMV Bid For Ottakar's

    May 12, 2006 12:00 AM EDT Britain's competition watchdog confirmed on Friday (May 12) it had given the green light for HMV Group to make a fresh bid for bookstore chain Ottakar's. Britain's competition watchdog has given the green light for HMV Group to make ...

  47. Watchdog OKs HMV Bid For Ottakar's

    May 12, 2006 12:00 AM EDT Britain's competition watchdog has given the green light for HMV Group to make a fresh bid for bookstore chain Ottakar's. In a statement issued today (May 12), the Competition Commission said the merg Britain's competition watchdog ...

  48. HMV Warns Of Tough Times Ahead

    May 09, 2006 12:00 AM EDT HMV Group plc is predicting a slump in profits of up to £36 million ($67 million) for the year ended April 29, 2006. The music retail giant issued a pre-close statement today (May 9), ahead of th HMV Group plc is predicting a slump in pro ...

  49. HMV Warns Of Tough Times Ahead

    May 09, 2006 12:00 AM EDT Analysts say figures 'worse than expected.' HMV Group plc is predicting a slump in profits of up to £36 million ($67 million) for the year ended April 29, 2006. The music retail giant issued a pre-close statement today (May 9), ahead of ...

  50. Waterstone Drops Bid For HMV Book Stores

    May 02, 2006 12:00 AM EDT Tim Waterstone has withdrawn from his latest attempt to buy back his namesake bookseller chain from HMV Group plc. In a statement posted on the London Stock Exchange Web site today (May 2), Waterstone Tim Waterstone has withdrawn from his latest a ...

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