The music retail landscape is set for a dramatic revival as HMV, Britain's beloved entertainment retailer, announces an ambitious expansion strategy that will see new stores opening across the UK and Ireland throughout 2024.
The Vinyl Renaissance Continues
In a bold move that defies the challenges facing the high street, HMV is capitalising on the ongoing vinyl revival that has seen record sales reach their highest levels in decades. The chain's owner, Doug Putman, has revealed plans to open at least five new stores this year, with additional locations already in advanced negotiations.
Strategic Locations Revealed
The expansion will see HMV return to several key markets where physical music retail has been absent in recent years. Confirmed locations include:
- Bromley - marking a return to this London borough
- Cheshire Oaks - bringing music retail back to the Northwest
- St David's in Cardiff - re-establishing Welsh presence
- Unit 3 in Dublin - expanding the Irish footprint
From Near-Collapse to Comeback King
This expansion represents a remarkable turnaround for the iconic retailer, which faced near-collapse in 2018 before being rescued by Canadian music mogul Doug Putman. Under his leadership, HMV has not only survived but thrived, with the chain now operating 120 stores across the UK.
Focus on Community and Experience
The new stores will continue HMV's successful strategy of creating community-focused destinations for music lovers. Each location will feature extensive vinyl selections, dedicated listening stations, and regular artist signings and performances.
The timing couldn't be better - vinyl sales have shown consistent growth, with 2023 marking the 16th consecutive year of increased LP sales in the UK. HMV's expansion demonstrates confidence in both physical media's enduring appeal and the future of the British high street.
What This Means for Music Fans
For consumers, this expansion means:
- Greater access to physical music media in communities across the UK and Ireland
- More opportunities to discover new artists and connect with fellow music enthusiasts
- Enhanced in-store experiences that go beyond simple transactions
- Support for local high streets and retail employment
The first of these new stores is scheduled to open in the coming months, with HMV promising more location announcements as 2024 progresses.
