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

Black Honey return with new single 'Charlie Bronson'

Following on from the release of their terrific sophomore album 'Written... 11 hours 44 min ago

Alvvays deliver new track 'Easy On Your Own?'

With their long-awaited new album set to arrive in the coming months, Alvvays have now dropped the next cut to be lifted from their forthcoming full-... 17 hours 10 min ago

Yeah Yeah Yeahs share new single 'Burning'

With their first LP in nine years set to arrive later next month, Yeah Yeah Yeahs have now unveiled the next cut to be lifted from their forthcoming... 19 hours 1 min ago

Rex Orange County returns with new single 'THREAT'

After delivering his highly-praised sophomore LP 'Who Cares?' earlier this year, Rex Orange County is back with a brand new single. The new track... 1 day 11 hours ago

UNKLE announce new mixtape 'Rōnin II'

Following on from the release of their highly-praised mixtape 'Rōnin I' in March last year, UNKLE have now returned to announce the details behind... 1 day 17 hours ago

The Range shares Tourist & Guedra Guedra remixes of 'Bicameral'

Following on from the release of his highly-praised new album 'Mercury' earlier this year, The Range has now returned to share a pair of new remixes... 1 day 19 hours ago

Ezra Furman unveils new single 'Poor Girl A Long Way From Heaven'

With her highly-anticipated new album landing in the coming weeks, Ezra Furman has now dropped yet another cut lifted from her forthcoming full-... 2 days 11 hours ago

First Aid Kit announce new album 'Palomino'

Following on from the release of their highly-praised 2018 LP 'Ruins', First Aid Kit have now announced their plans for a new studio album, arriving... 2 days 19 hours ago

Personal Trainer announce debut album 'Big Love Blanket'

Following on from the release of their much-loved debut EP 'Gazebo' last year, Amsterdam-based outfit Personal Trainer have now announced their plans... 3 days 11 hours ago