HMV Prepares To Go Into Administration

One of the biggest stores in the high-street which offers consumers DVD’s, CD’s, Video Games, Books and clothing among other items is preparing to call in Deloitte as administrators as it was came to light that the company experienced a “disappointing fourth quarter”.

Due to this over 4000 jobs are at risk across the 239 store chain and it is unknown at this moment in time what will happen to pre-orders, gift vouchers and store credit although our advice would be to be extremely cautious if you have any.

If HMV does close where will you do your video game shopping next? Is this yet further ammunition that we are moving into a web-based future? Let us know your thoughts on this story in the comments below!

[Source: Eurogamer]

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