HMV’s future seen as handful of stores and website

HMV, the 92-year-old British music retailer seeking protection from creditors, is unlikely to have much of a future beyond a rump of stores and the internet, if other recent retail failures are any guide.

After years of struggling as its business of selling CDs and DVDs was hammered by competition from supermarkets like Tesco , online retailers like Amazon and download sites like Apple’s iTunes, Deloitte was appointed administrator on Tuesday to try to salvage some of its 223 British stores.

via Business feed http://www.scmp.com/business/companies/article/1129232/hmvs-future-seen-handful-stores-and-website