HMV to return to its Oxford Street flagship store

The retailer is reportedly in negotiations to move back into the London location, which is currently owned by Footlocker

HMV to return to its Oxford Street flagship store

Photo: PA

HMV is reportedly looking to return to its Oxford Street flagship store in London.

The retailer, which is currently controlled by restructuring specialists Hilco after it went into administration earlier this year, is in negotiation to move back into the 20,000 sq ft store at 363 Oxford Street. The site is currently occupied by the US chain Footlocker. According to the Evening Standard, HMV has exchanged contracts on the shop's lease, subject to landlord approval. The newspaper also reports that the retailer is also considering leaving its 150 Oxford Street store, which is too big for its current requirements.

A relaunch of the retailer, which went into administration in January saddled with £176 million debt, is expected later this year. While no exact details have been confirmed, it is expected that a new HMV website will focus on a music and film streaming service similar to The Vault, the digital streaming platform offered by its sister company in Canada. Previously, HMV UK lost money selling CDs and DVDs from its website because of distribution and postage costs.

Hilco completed the acquisition of the chain in April, and now operates 141 stores.

Read More On This Artist

More News
Orbital announce split, Paul Hartnoll to release solo album as 8:58
Paul McCartney says Kanye West and Jay Z was the best gig he's attended
James Blunt apologises for 'You're Beautiful' being 'annoying'
Ed Sheeran hits back at Isle of Wight Festival boss for 'boring' comment
Lorde, Chemical Brothers and Miguel team up for 'This Is Not A Game' from 'Hunger...
Taylor Swift pays tribute to New York in new single 'Welcome To New York'
Chvrches, Foals, SBTRKT rescore 'Drive' with brand new soundtrack - listen
FKA Twigs directs and stars in video for Google Glass - watch
Julian Casablancas: 'I very much enjoy playing with The Strokes!'
Rapper who cut off his penis becomes stand-up comedian
Flying Lotus announces Spring 2015 UK and Ireland tour
East 17's Brian Harvey gatecrashes Downing Street 'asking to see the Prime Minister'
Smashing Pumpkins announce new album 'Monuments To An Elegy' – hear new song...
Interpol unveil video for new single 'My Desire'
U2 manager hails 'great result' as 'free' album charts at Number Six
Jamie T backs Damon Albarn to win Mercury Prize with 'masterpiece' 'Everyday...
Ash's Tim Wheeler discusses how his father's dementia influenced his new album
Status Quo duo say they like Haim and Taylor Swift but have never heard of Royal Blood
Fat White Family announce one-off CMJ gig this Wednesday
Radio 1 apologises for Lily Allen's on-air swearing
Sleater-Kinney announce new album and March 2015 UK tour dates
The Charlatans announce new album 'Modern Nature' – listen to new song 'So Oh'

More News

Comments

Please login to add your comment.

Latest Tickets - Booking Now
 
Know Your NME
 

 
NME Store & Framed Prints
Inside NME.COM