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HMV has announced it is set to close all of its stores located in Ireland after its search for a buyer failed.
The retailer will close all 16 of its retail locations based in the Republic of Ireland as administrator for the brand, Deloitte, failed to secure a buyer.
300 jobs are expected to be lost following the closures.
All of HMV’s stores based in Ireland closed their doors and staff placed on temporary lay-off after the brand entered into administration last month.
HMV issued a statement to the Irish Examiner following the announcement, stating: "Since his appointment, the receiver has conducted an assessment of the viability of the company and has actively sought a sale."
"The marketplace is very difficult given competition from web-based retailers and digital downloads, compounded by a number of other factors including high levels of rent.
"All stores were loss making and it was not possible to attract a purchaser."
Meanwhile, Deloitte continues its search for a buyer for HMV’s business after closing down 66 of the brand’s UK stores last week, which resulting in the loss of 930 jobs.
