Kilkenny’s HMV store in the MacDonagh Junction is no longer accepting gift cards, vouchers or credit notes, with the company having gone into administration in the UK on Monday.
Dismayed customers were arriving into the shop yesterday morning, where they discovered their vouchers had become worthless overnight. There are fears for the future of the company, which employs around 10 people in Kilkenny and 300 in Ireland in total.
Staff in the shop revealed that they had only learned that the company was in trouble on Monday evening, when news of the administration was confirmed on the evening news. The retailer is one of the larger tenants in the MacDonagh shopping centre.
In recent times, the Kilkenny outlet has expanded its offering to include iPads, gaming devices, clothing, books, and even confectionery. The shop enjoyed a busy Christmas period, but there remained the wider picture of large debt and declining share value.
The record/music shop industry has struggled to cope with declining sales of CDs and DVDs. An increasing move towards digital downloading, legal and illegal, has certainly played its part.
If the company is to ultimately close, it will be the latest in a line of music/record shops in Kilkenny to do so in the past three years, following Zavvi (located in the same store unit), Heartbeat City, and Irish Heartbeat.