HMV sales dive – blames books

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Sales dive at HMV – Manchester Evening News: The company warned investors today that there were few signs of an upturn on the high street at present. At HMV stores like-for-like sales in the UK fell 11.5 per cent in the three months to Saturday – almost three times as fast as the decline over the previous eight weeks. Shares dived 10 per cent to 213.25p on the news. HMV blames it on competition in the book market. It’s banking on the launch of the albums by Williams and Franz Ferdinand and books from Zadie Smith and Oliver. More from ITN. Strangely, not much mention of digital sales…

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