HMV could enter administration for the second time in six years
In more bad news for the retail sector's already subdued festive spirit, entertainment retailer HMV Retail could enter administration according to reports
Data had separately showed sales on Boxing Day - a key day for the retail industry - dipped.
Reports suggest that HMV, Britain's biggest high-street music retailer, could enter administration for the second time in six years and cut 2,200 jobs.
HMV would join the likes of Toys R Us, House of Fraser and Mothercare on the list of high-profile household names that have gone under this year amid Brexit jitters, lower consumer spending and rising labour costs
Published: by Radio NewsHub