HMV sales down 18% for FY2011

HMV has reported a sales loss of 18.3% for the year ending April 2, 2012. The entertainment chain said final debt for FY2011 would come in at £168 million, Retail reported a loss of 19.4%, despite a small 5.4% intake of live sales. The games division was seen as a growth area following GAME's recent troubles, citing a recent market share increase.

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