HMV struggles to survive amid tumbling sales

Last surviving major music chain reports £40m loss as supermarkets, online retailers and downloads hit profitsThe future of the high street's last major music and movies chain was thrown into doubt today after the owner of HMV reported heavy losses amid tumbling sales of CDs, DVDs and computer games.The 89-year-old company, famous for its Nipper the dog logo, has been hammered by competition from digital downloads as well as supermarkets and online retailers undercutting it on price.With more t...

Read full article Share article