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A famous name

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THE composer Sir Edward Elgar opened the inaugural HMV store in London's Oxford Street in 1921.

HMV stands for His Master's Voice and the retailer is synonymous with Nipper, the Jack Russell dog listening to a gramophone in its famous logo.

There were three HMV stores in Nottingham until recently.

In February 2009, the Zavvi entertainment store, in Wheeler Gate, was bought out of administration by HMV. For a year, shoppers had the choice of this store, the one in the Victoria Centre and the one in Lister Gate.

But in September 2010, the Lister Gate store closed and then in January 2011, HMV closed its Wheeler Gate store.

Fopp, which is one of nine branches nationally, opened in Queen Street, Nottingham, in November 2001.

But in the run-up to Christmas, HMV boss Trevor Moore warned that the entertainment group, which includes both HMV and Fopp, was in trouble. He revealed the chain was in talks with banks over its future following worse-than-expected trading over the festive period.

The chief executive said market conditions suggested the group, which has 238 stores in the UK and Ireland, would fail to meet expectations for the year to April, so would not meet the terms of its bank loans.

HMV said like-for-like sales fell 10.2 per cent in the 26 weeks to October 27 last year.Shares tumbled 39 per cent after the results were published, giving the retailer a market value of just £10.1 million.


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