Amazon.com is managing and operating HMV.com’s e-commerce Web sit...
Amazon.com is managing and operating HMV.com’s e-commerce Web site under HMV brand in Canada as part of deal HMV N. America signed with Seattle e-tailer. Deal, terms not disclosed, makes U.K.-based HMV Group latest bricks-and-mortar retailer turn to Amazon…
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to run its online business following similar deals with retailers including Borders and Toys “R” Us. Amazon’s Canadian Web site -- Amazon.ca -- now features HMV store. HMV no longer runs Web site in U.S., where company has moved to reduce its presence in last year, and it was unclear whether it planned to find partner for U.S. as well. HMV also said it was “confident that the Group will announce profits” for fiscal year ending April 26 “at the top end of market expectations… despite the more difficult trading conditions we have been seeing in the U.K. since the end of January.” Company said its “Group performance continues to benefit from the HMV new store rollout program in the U.K., where 20 stores have been added in the financial year just ended. During the new financial year, HMV U.K. anticipates adding a further 15 stores, and sites have already been secured at Birmingham Bullring, the Whiteleys Shopping Centre, Bayswater in London and Beckton.” Meanwhile, company said, “exposure to the U.S. has been reduced through the closure of 2 further stores since January, leaving a total of 7, down from 12 a year ago.” HMV said it would make preliminary announcement of its fiscal year results July 1.