HMV Flagship Store Reopens on Oxford Street
The century-old music chain marks a significant turnaround with the reopening of its main London branch, offering a wide range of products and live performances.
- HMV's flagship store on Oxford Street in London reopens after a four-year hiatus, marking a significant turnaround for the century-old music chain.
- The store, which first opened in 1921, has been refurbished with individual floors dedicated to vinyl, pop culture, and DVDs, and a floor dedicated to a live stage for performances.
- The reopening of the store is expected to create over 70 new jobs and is seen as a vote of confidence for physical stores in an increasingly digital age.
- Under the ownership of Canadian entrepreneur Doug Putman, HMV returned to profit in 2022 and has expanded to over 120 outlets in the UK and Europe.
- The resurgence of HMV mirrors the growth of the vinyl market, with vinyl sales accounting for half of HMV's physical music sales.