All Entertainment articles – Page 71
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News
Borders files for bankruptcy protection
Borders has filed for bankruptcy protection, sunk by crushing debt and sluggishness in adapting to a rapidly changing industry.The 40-year-old company plans to close about 200 of its 642 stores over the next few weeks. All of the stores closed will be superstores, a Borders spokeswoman said. The company also ...
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News
Blockbuster faces eviction from dozens of US stores due to unpaid rent
Blockbuster reportedly faces eviction from dozens of US stores where it has not paid rent, adding to the bankrupt company’s troubles. According to local press, four landlords have asked a bankruptcy judge to order immediate rental payment for 38 of the company’s stores.
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NewsHMV to close Brent Cross store
Struggling music chain HMV is to close one of its most high profile stores at Brent Cross shopping centre in London.
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NewsWHSmith chief Kate Swann sells 27% of her shares
WHSmith chief executive Kate Swann has sold a substantial proportion of her shares in the bookseller and stationer.
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NewsGame’s new strategy aims to triple digital revenue by 2013
Retailer is aiming to be a fully multichannel business with a focus on downloads and mobile gaming
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NewsBlockbuster UK boss says business isn’t under threat
Blockbuster UK has insisted that the troubles its US parent Blockbuster Inc are facing do not threaten the British division.
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GalleryMills & Boon Selfridges, Oxford Street
Come, been and gone, its purpose served. The pop-up store in Selfridges’ Wonder Room Concept Store created by romantic fiction publisher Mills & Boon, was there for only one reason - to mark Valentine’s Day last Monday and, presumably, to shift a few volumes.
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NewsHMV enjoys sales uplift after last night's Brits
HMV has enjoyed a boost in sales on the back of the Brit Awards last night, with sales of one winner’s album soaring 594% compared with the same day last week.
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NewsGame to invest £15m in its three year multi-channel strategy
Game is to invest £15m in its three year multi-channel strategy and has secured refinancing from its banks for the period until 2014.
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NewsCPI inflation rises to 4%
Consumer prices index (CPI) inflation rose to 4% in January, up from 3.7% in December.
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News
Blockbuster to add 3,000 Express DVD rental kiosks this year
Blockbuster is planning to add 3,000 Express DVD rental kiosks during 2011, despite closing stores and filing for Chapter 11 bankruptcy protection.Blockbuster Express owner NCR estimates that it will generate about $200m (£130m) in revenue in a single year from its kiosks and says it plans to reposition kiosks that ...
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News22 British Bookshops stores bought by WHSmith
The British Bookshops & Stationers (BBS) name is set to survive for the foreseeable future after WHSmith purchased the intellectual property rights of the business plus 22 stores for £1m.
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News
Borders intends to stay in business
Entertainment retailer Borders said it fully intended to stay in business, despite widespread reports that it may be preparing a Chapter 11 bankruptcy filing.Bloomberg News had reported that the company could file for bankruptcy protection within days and would seek to close at least 150 stores. Borders said that it ...
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NewsGame strikes deal with Microsoft to sell downloads in store
Game has struck a deal with Microsoft to sell downloadable games in its stores.
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NewsShop price inflation rises to 2.5%
Shop price inflation rose sharply to 2.5% in January, up from 2.1% the month before.
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NewsAsda sells e-reader for half the price of Kindle
Asda has launched an e-reader for £52 that is likely to spark a price war in the growing market.
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NewsWHSmith buys 22 shops from British Bookshops & Stationers
WHSmith has bought 22 shops and intellectual property from collapsed books chain British Bookshops & Stationers for £1.05m.
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News
Netflix Q4 revenue rises 34% to £386m
Netflix has reported a 52% rise in net income to $47.1m (£31m) in the fourth quarter ended December 31, with revenues rocketing 34% to $596m (£386m).During the period the company had a gain of 3 million subscribers, up to a total of 20 million end users. This represents a 63% ...
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NewsHMV investor Mamut mulling shake-up of business
HMV shareholder Alexander Mamut, the Russian oligarch who has been building up his stake in the business, has appointed Credit Suisse to advise him on options for the embattled retailer.
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NewsFormer Borders boss plans new retail business
Philip Downer, the former boss of defunct bookseller Borders UK, is mulling a new retail venture.