HMV to relaunch online retail website

It looks like music and film retailer HMV hasn't gone down without a fight as healthy profits have led to the retailer opting to reopen their online marketplace.

After the HMV Group collapsed back in January 2013, Hilco UK took charge of the company in April of that year, opting to allow customers to only purchase music in-store with the company website acting as more of an editorial feature.

But with last year's profits now up to £17m, and HMV beating Amazon as the top seller of physical music, the company will soon reopen the website as a place to download and purchase new music.

Chief executive Paul McGowan stated, “We are careful that we don’t want to overcook it but there is a large potential for the UK website to lift the business. People are switching from downloads to streaming music, so digital is eating digital but physical music sales are recovering.”

HMV's lack of commitment to digital music was seen as a major factor in the company's original downfall, but with profits rising once again, it looks like they aren't going anywhere just yet.

[Via The Telegraph]

More News

Tom Misch and Yussef Dayes announce collaborative album 'What Kinda Music'

After returning at the end of last year to team up with Michael Kiwanuka on the single 'Money', Tom Misch has not stopped his collaborative ways just... 1 week 18 hours ago

Catholic Action unveil new track 'Another Name For Loneliness'

With their highly-anticipated new album set to arrive at the end of next month, Catholic Action have now unveiled the next cut to be lifted from... 1 week 23 hours ago

Mystery Jets deliver new single 'A Billion Heartbeats'

With their new studio album now expected to arrive in April, Mystery Jets have kept their fans happy with the release of yet another new single.... 1 week 1 day ago

Arlo Parks shares new single 'Eugene'

Following on from her nomination in the BBC Sound Of 2020 poll, Arlo Parks has now returned with her first single of the new year. The new track '... 1 week 1 day ago

Bloxx share new single 'Coming Up Short'

With the band expected to release their eagerly-awaited debut album later this year, Bloxx have now returned to share the next preview from their... 1 week 1 day ago

Caroline Rose shares new single 'Freak Like Me'

With her highly-anticipated new album set to drop early next month, Caroline Rose has now unveiled the next cut to be lifted from her forthcoming... 1 week 1 day ago

Vistas announce debut album 'Everything Changes In The End'

Following on from a string of impressive singles these last few months, Vistas have now announced their plans for their debut album, arriving later... 1 week 2 days ago

The Strokes announce new album 'The New Abnormal'

With rumours of new material circulating for years now, The Strokes have finally broken their silence about their next studio album. The new full-... 1 week 2 days ago

Rolling Blackouts Coastal Fever return with new single 'Cars In Space'

Following on from the release of last year's standalone singles ‘In The Capital’ and ‘Read My Mind’, Rolling Blackouts Coastal Fever have now... 1 week 2 days ago