Last week the Daily Telegraph reported that HMV were trying to manage £220m of bank debt. The company has already raised cash by selling book chain Waterstones for £53m and the Hammersmith Apollo for £32m. Despite surviving 2012, however, it looks like next year could be another grim one, for not just HMV but the gaming industry as we know it on the high street.
If there is any truth in the rumours of new consoles hitting our shelves next Christmas, it would be just the miracle needed to give many of the stores that have become household names a much-needed glimmer of hope.
Unfortunately when the indie specialist stores left the nation’s high street, so did the heart and soul of what has traditionally been gaming commerce for nearly 30 years.
Big companies somehow thought they could replicate this experience by confusing help and suggestion with some poor salesperson being bullied by an over-zealous, money-hungry management team who were only concerned with up-selling and s...