HMV eyes Live sale as Christmas disappoints

HMV, the troubled music retailer, has dropped 6.7% this morning after reporting like for like (LFL) sales down 8.1% over the crucial five weeks to the end of December when compared to the same period of 2010.

HMV, the troubled music retailer, has dropped 6.7% this morning after reporting like for like (LFL) sales down 8.1% over the crucial five weeks to the end of December when compared to the same period of 2010.

Today's release also includes a nine week figure to the end of December during which LFL sales dropped 9.7%. This implies the so called "run rate" improved in the build up to Christmas, although things still look very grim for HMV.

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