HMV to relaunch online retail website

It looks like music and film retailer HMV hasn't gone down without a fight as healthy profits have led to the retailer opting to reopen their online marketplace.

After the HMV Group collapsed back in January 2013, Hilco UK took charge of the company in April of that year, opting to allow customers to only purchase music in-store with the company website acting as more of an editorial feature.

But with last year's profits now up to £17m, and HMV beating Amazon as the top seller of physical music, the company will soon reopen the website as a place to download and purchase new music.

Chief executive Paul McGowan stated, “We are careful that we don’t want to overcook it but there is a large potential for the UK website to lift the business. People are switching from downloads to streaming music, so digital is eating digital but physical music sales are recovering.”

HMV's lack of commitment to digital music was seen as a major factor in the company's original downfall, but with profits rising once again, it looks like they aren't going anywhere just yet.

[Via The Telegraph]

More News

Mura Masa shares new single 'still'

After returning with his brilliant double A-side single 'rise / gimme' near the end of last year, Mura Masa is now back once again to deliver a brand... 3 weeks 6 hours ago

Nick Cave & The Bad Seeds announce new album 'Wild God'

After the rousing response to their much-loved LP 'Ghosteen' in 2019, Nick Cave... 3 weeks 12 hours ago

Two Door Cinema Club return with new single 'Happy Customers'

After following up their much-loved 2022 LP 'Keep On Smiling' with the vibrant comeback single 'Sure Enough' last year, Two Door Cinema Club are now... 3 weeks 14 hours ago

Wallows announce new album 'Model'

Following on from the release of their highly-praised 2022 sophomore LP 'Tell Me That It's Over', Wallows have now announced their plans for a new... 3 weeks 1 day ago

Dehd share new single 'Light On'

With their highly-anticipated new album set to arrive in the coming months, Dehd have now dropped the next cut to be lifted from their forthcoming... 3 weeks 1 day ago

Ibibio Sound Machine deliver new single 'Pull The Rope'

With their eagerly-awaited new album landing in the coming months, Ibibio Sound Machine have now dropped the next cut to be lifted from their... 3 weeks 1 day ago

Mike Lindsay shares new single 'kachumber'

With his eagerly-awaited debut solo album set to arrive later this year, Mike Lindsay has now dropped the next cut to be lifted from his forthcoming... 3 weeks 2 days ago

Porij deliver new single 'Unpredictable'

With their eagerly-awaited debut album landing next month, Porij have now dropped the next cut to be lifted from their forthcoming full-length.... 3 weeks 2 days ago

Låpsley returns with new single '4AM Ascension Day'

After the rousing response to her much-loved studio album 'Cautionary Tales Of Youth' last year, Låpsley has now returned once again to deliver a... 3 weeks 3 days ago