Lincoln HMV store to stock new releases despite administration

Major film, music and gaming releases will continue to be on sale at Lincoln's HMV in the coming weeks.

Administrators of the firm said new trading agreements had been signed with major suppliers.

It comes after other good news for the Lincoln High Street shop last week, when it was announced it was not among 66 loss-making stores to be closed.

However, administrators from Deloitte announced the Boston and Scunthorpe branches are two of those being shut in the next two months.

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Nick Edwards, joint administrator, said: "We are pleased that these agreements are now in place, allowing us to replenish stock and bring in new titles.

"The support of suppliers over the past few weeks has been significant and these agreements demonstrate their ongoing commitment to supporting HMV.

"Good progress has been made to date and we have received a positive level of interest in the business.

"Discussions are progressing with a number of parties interested in both the business as a going concern and individual assets despite the high fixed cost base associated with a store network.

"Landlords have been generally flexible and supportive and we hope to continue working closely with them to restructure the business and seek to secure its future."

The shops affected by the closures employ 930 staff.

HMV currently operates from 220 stores in the UK.