HMV closing every store in Ireland at cost of 300 jobs
Retailer pulls 16 shop presence after search for buyer fails
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.
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