Jobs at risk as HMV enters administration

A spokesman for HMV stressed that the outlet is still trading, but confirmed that it is currently unable to accept vouchers or gift cards.

The company, which sells CDs, DVDs and computer games, has appointed the accountancy firm Deloitte as administrator.

HMV said the administrators will continue to trade the stores while they seek a purchaser for the business.

The Northern Ireland Independent Retail Trade Association described HMV going into administration as “another big potential loss to the High Street.”

Antoinette McKeown, Chief Executive of the Consumer Council commented: “The announcement that HMV is in administration has left many of its customers with gift vouchers or cards and HMV goods wondering what their rights are now.

“HMV has announced their policy is not to accept gift vouchers or cards or issue any more. It’s at the discretion of the administrator to allow consumers to redeem any form of gift card or voucher. If a new buyer is found, the new owner may honour the gift vouchers or cards so consumers should hold onto their vouchers or cards.”

It’s understood that more than 4,000 jobs are at risk across HMV’s 236 stores throughout the UK and Ireland.