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The boss of HMV has claimed that the chain store is soon to reclaim its former position as the leading retailer of music and entertainment in the UK.
Despite the high street music chain goin into administration last year and putting 223 shops and over 4,000 jobs put at risk, the chairman of the company who bought 144 of those stores Paul McGowan, has now told The Telegraph that soon HMV will be back at the top of their game - beating online giant Amazon in the process.
He noted that there has been a 3 per cent increase in total sales of physical music, with like-for-like sales increasing by around 14 per cent since July. CD and vinyl sales have increased 21 per cent.
"It's only a matter of time before we overtake Amazon," he said. "HMV is re-engaging with music shoppers and getting them back into shops. This is about being an authority in music, not selling music as a commodity."
McGown also announced that HMV would be opening four new UK stores, as well as eight new shops in Ireland with 46 extra concession stores.
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