Snow hits HMV Christmas trading

Snow hits HMV Christmas trading

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HMV makes 60 per cent of sales throughout Christmas and the final four months of its year

Music and games retailer HMV said its full-year outcome was hanging in the balance after the start of the all-important Christmas trading period was impacted by snow.

HMV said so-called customer footfall in shops had been “significantly” affected by the arctic conditions in the past two weeks, coming at the start of its key festive season – which largely determines its full-year performance.

The group, which also owns the Waterstone’s book chain, makes 60% of sales throughout Christmas and the final four months of its year and is hoping to make up for difficult conditions in the first half.

Results showed seasonal pre-tax losses widening to £41.3 million in the six months to October 23 from £24.9 million a year earlier after HMV UK and Ireland sales slumped 16.1%.

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