HMV shuts up 66 shops

Administrators at HMV have said they will be shutting 66 stores in the UK,  one third  of the chain's 220 British outlets. Nearly 930 staff have had their jobs put at risk.  All 16 Irish stores have already been closed. Over 1 in 5 Brits no longer buy any for of physical carriers of music, relying on streaming and downloads for their music according to figures from the BPI. 

Another 60 jobs at the chain's HQ will also go in the latest round of cuts, adding to the 190 losses announced last week. They include the HMV's most recent CEO Trevor Moore, the former Jessops boss who joined the entertainment retailer last year after his predecessor Simon Fox jumped ship to Trinity Mirror.