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Worrying time for retail sector as HMV is set to appoint an administrator

15 January, 2013 - by Barry McElduff

Sinn Féin Employment spokesperson Barry McElduff MLA has said it is a very worrying time for all those working in the retail sector following the news that the Music and DVD chain HMV is to appoint an administrator.

 This follows the news that other high street names such as Jessops and Hoi Polloi appointed administrators in the past week.

 Mr McElduff said

 “What the last few days have shown is that many of the big retail names on the high street or in our shopping centres are not immune in the current financial climate. The latest casualty being the Music and DVD chain HMV, which is set to appoint an administrator.

 “January is a very difficult month for many businesses that rely on their sales from the Christmas period to keep going in the first quarter of the New Year. Many of these well-known high street names have provided good employment over the years. And provided part- time work particularly for students that helped them with their finances enabling them to complete their studies.

 “We also have to remember these closures will have a knock on effect for the shopping centres that will lose the rent and local councils who will lose the rates money.

 “It is very important whatever happens that all worker rights and entitlements are honoured and that staff are allowed flexibility to find new jobs during any period of closure.”

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