HMV is to close all of its 16 stores in the Republic of Ireland at the cost of 300 jobs after a search for a buyer has proven unsuccessful.
The retailer issued a brief statement regarding the closures to the Irish Examiner.
"Since his appointment, the receiver has conducted an assessment of the viability of the company and has actively sought a sale," it reads.
"The marketplace is very difficult given competition from web-based retailers and digital downloads, compounded by a number of other factors including high levels of rent.
"All stores were loss making and it was not possible to attract a purchaser."
The stores had been shuttered and staff put on temporary lay-off following the chain entering administration earlier this year, with administrators Deloitte looking for purchasers. Sadly for those involved, it looks like that search has failed.