Twenty-six new HMV stores are to open around the country as specialist ‘shop-in-shop’ projects within Xtra-vision outlets in the coming months.
By Geoff Percival
British commercial restructuring firm Hilco, which bought both brands from receivership earlier this year, is to announce the locations for the new dual store designs next week.
At the same time, the company is planning to make announcements regarding its plans for the redemption of still-valid gift vouchers which controversially weren’t honoured during HMV’s receivership process, prior to the takeover.
Hilco announced its latest plans yesterday when it also confirmed the re-opening of four HMV Ireland stores over the coming weeks.
Following successful negotiations with landlords and suppliers, Hilco is to open stores at Dublin’s Henry St, Dundrum Shopping Centre and Limerick’s Crescent Shopping Centre early next month.
The Henry St branch will re-open on Sept 6, with the other three re-opening a week later.
Between them, the four stores will lead to 120 new jobs, recruitment for which has already been completed.
According to Hilco Capital Ireland chief executive Larry Howard: “The Xtra-vision, HMV and Hilco teams have been at full stretch in recent weeks finalising arrangements and store designs for the new concession arrangements. We look forward to HMV once again becoming the home of entertainment retail in Ireland.”
Hilco chief executive Paul McGowan said HMV would be launching its new digital product later in the year, with “more exciting developments” being announced in coming weeks.
When Hilco rescued Xtra-vision in June, Mr McGowan called the name “a very strong brand”, which would be “a good fit alongside HMV”.