Music and entertainment retailer HMV has said it is looking to open 10 new stores this year as it continues to put its faith in High Street stores. It

HMV backs High Street with plans for 10 new stores

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2021-07-21 10:00:05

Music and entertainment retailer HMV has said it is looking to open 10 new stores this year as it continues to put its faith in High Street stores.

Its former London landmark store on Oxford Street closed along with many others after HMV fell into administration more than two years ago.

"People obviously love going out shopping, they like touching and feeling and that's something that online is not going to replace," he told the BBC.

"I'm still very optimistic on the [HMV] business and business as a whole on the High Street. I still think the High Street is just something so special."

He said he could not give any details as to where the replacement flagship store in London would be as they were still taking a "very hard look" trying to find the best site.

However, Mr Putman added that the long-term viability of the new stores was dependent on what the government did about business rates, which are currently being levied at a reduced rate until April next year.