HMV Closes Historic Oxford Street Store After Rent Doubled

HMV is shutting its iconic Oxford Street flagship store after landlords attempted to double the rent.

Entertainment retailer HMV will shutter its flagship London store after landlords attempted to double the rent on the historic site. The company is actively looking for a new location nearby in the West End following the sudden decision. The closure comes just three years after the prominent branch celebrated its grand reopening.

• The locationThe affected branch is situated at 363 Oxford Street in London.
• The financial pressureThe retailer cited a proposed rent doubling alongside hefty renovation expenses.
• The future plansCompany executives confirmed they are currently hunting for an alternative West End venue.

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