British music retailer HMV said Friday it will return to the site of its once-flagship store on London's Oxford Street after a turnaround in fortunes for the emblematic company.
HMV had shut the historic branch on the capital's main shopping throughfare in 2019 after falling into financial distress as it struggled to compete with music streaming.HMV will be"back by popular demand on Oxford Street", it said in a statement Friday and after the group returned to profit last year.
As demand continues to wane for CDs and DVDs, HMV puts an emphasis on selling pop culture merchandise, as well as vinyl and musical equipment including headphones. The Oxford Street building, which has been operating as a sweet shop, is also set to feature in-store live music and signings. "The expansion of our fan-focused pop culture offer is really working for us and the reopening of our flagship represents the culmination of a good few years of hard work," Putman said in the statement.
The iconic Oxford Street site is steeped in musical history and helped propel The Beatles to fame, with the Fab Four signed by EMI, the record label that owned HMV until 1996.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Hawks seize cargo load of prescription medicines destined for LondonMembers of the Hawks seized a major load of schedule five and six medicines from the Cape Town International Airport cargo, en-route to London. Three suspects were apprehended for the illegal possession of these drugs:
Read more »
'Illegal prescription drugs' destined for London seized in Cape TownThree suspects aged 18 to 19 will appear in court on Wednesday on charges related to the illegal possession of prescription drugs in Cape Town.
Read more »
Sudan crisis: Wounded British doctor in desperate plea to UK government'I'm in a lot of pain and I'm worried that the wounds could be infected.' An injured British doctor - who was shot trying to take his family to safety - explains why he is desperate to leave Sudan, but can't abandon his frail 86-year-old mother. ✍️
Read more »
South Africa: ‘Facebook Rapist’ jailbreak ties British G4S and two ministers in knotsThabo Bester, the so-called ‘Facebook Rapist’, is a high-profile inmate who in 2022 escaped Mangaung Correctional Service, one of South Africa’s maximum-security prisons run privately by British firm G4S. More 👉
Read more »
FRIDAY BRIEFING | Lost: Two heavy blows for the NPA in April | News24No extradition of the Gupta brothers, and the first 'state capture' trial has fallen apart. Is it malice, incompetence or both?
Read more »