Music chain HMV has delivered more dismal sales figures after its peak trading season was “significantly undermined” by severe weather.
The group reported a 13.6% slump in HMV’s like-for-like sales in UK and Ireland in the five weeks to January 1 and said profits for the year to April were set to be near the bottom of the current range of City forecasts.
As well as the disruption caused by snow and ice before Christmas, HMV said its core entertainment markets remained weak and underlined the urgency with which it needed to carry out its turnaround strategy.
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