Connect with us

Hi, what are you looking for?

The Times On Ru
  1. The Times On RU
  2. /
  3. Business
  4. /
  5. HMV returns to Oxford Street flagship store after four years ..


HMV returns to Oxford Street flagship store after four years absence

The famous store closed in 2019 after HMV went into administration. Photo: Jonathan Brady/PA Wire

HMV will return to its Oxford Street flagship store four years after closing.

The music retailer has announced a deal to reopen its iconic store on London's biggest shopping street.

The site was started by composer Edward Elgar in 1921, but closed in 2019 after HMV went into administration.

The company was bought out by Canadian retailer Sunrise Records, owned by billionaire Doug Putman. He said that the most popular store among HMV shoppers was the one in central London and they had been working on opening a store for a long time.

"We knew we needed to open a store. returned to London, and it seems that the time is right" he said.

However, Mr Putman said that while having one store “makes a lot of sense”, HMV will not open more stores in central London “unless things change and things get easier for them to operate”. .

HMV has stores in shopping centers in Shepherd's Bush in West London and in Bromley in South London. Sunrise Records also owns Fopp, whose flagship record store is located in Covent Garden.

HMV opens shop on Oxford Street after vinyl resurgence helped change business. Photo: Angela Dean-Drummond/Halton Archive. Luxury brands including Burberry, Harrods and Selfridges have criticized the government's decision to ban tourists from shopping without VAT. They claim that this encourages more tourists to spend money in other European cities, including Paris and Milan.

Mr. Putman, who also owns Toys "R" The United States, Canada, called for action to make Oxford Street more accessible to retailers and revive the West End, which in recent years has been flooded with American pastry and souvenir shops.

"We&#39 We're getting there, but we're not there yet," He said. Mr. Putman cited business rates as one area the government “needs to look into.”

He added: “The more retailers around us, not just gift shops. the better for business.”

HMV opens store on Oxford Street after the vinyl renaissance helped change business. Earlier this year, HMV posted its biggest profit since being bailed out of administration.

Mr Putman said the London store would feature items similar to what shoppers remember, but with more vinyl, pop culture merchandise and apparel. . "It's a big store with lots of room to make a bunch of great stuff. We'll have bands playing and it's just a great place. We are very happy to be there"

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Take A Look

You may be interested in:


Ali Wong and Steven Yuen in Netflix's short hit Beef Credit: Netflix The long and the downside is that television today is often too...


The King and Queen will be crowned at Westminster Abbey in London on May 6th. Credit: Chris Jackson/Getty Images King Charles will be crowned...


The British company LEVC (London Electric Vehicle Company), owned by the Chinese hodling Geely, introduced a modular SOA (Space Oriented Architecture) platform, designed for...


Intervision was first launched in 1965 in Czechoslovakia. Photo: YouTube Eurovision has always been a political affair. With the annual competition taking place in...