The HMV Group is a company which is predominantly active in the retail business. They have stores situated in UK, Canada, and Hong Kong, Singapore as well as inJapan. The company deals with music and books, the music business is dealt through the HMV record label while the books are managed under the name of Waterstone’s. The retail stores of the company are branded flagship stores and are present in the high street markets of the above mentioned market regions.
“HMV Group is primarily engaged in the sale of books, recorded music, pre-recorded video, DVDs, and electronic games under two brand names. The company primarily operates inUK,Ireland,Canada,Japan,Hong Kong, andSingapore. It is headquartered inBerkshire,UKand employs about 13,000 people. The company recorded revenues of £1,894.5 million during the fiscal year ended April 2007, an increase of 3.8% over 2006. The operating profit of the company was £32.6 million during fiscal year 2007, a decrease of 61.5% as compared to 2006.The net profit was £16.1 million in fiscal year 2007, a decrease of 71.4% as compared to 2006.” (‘HMV Group’, Data Monitor Company Profile)
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