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Music lovers mourn the loss of local HMV stores

As HMV announce a further 37 stores are to close many of you have taken to twitter to mourn the loss of local shops:

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  1. National

37 HMV stores to close 'in the next four to six weeks'

HMV administrators Deloitte have confirmed another 37 stores will close "in the next four to six weeks in parallel with the 66 stores that are already subject to a closure programme."

We are extremely grateful to the staff for their continued strong support and commitment during an understandably difficult period. All other key stakeholders including suppliers and landlords remain supportive and we appreciate their ongoing assistance.

– Nick Edwards, Joint Administrator

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Threat to car jobs "horrible", says mechanic

Mechanic Neil Bell Credit: ITV News

Holiways Mechanic Neil Bell said:

""I just had to quickly make some phone calls and just think about what I have to do for my family and try and get on with it as best as I can. It's horrible, I mean, I've come back to this. What more can you say; it's horrible."

Mr Bell's comments came after an announcement that car dealership Holiways has gone into administration and most of the company's 81 staff are set to be made redundant.

The new and used car dealer - which had sites in Newton Aycliffe and Bishop Auckland - had suffered a drop in trade as a result of reduced consumer spending.

Job losses certain as car dealership goes into administration

Car dealership Holiways has gone into administration and most of the company's 81 staff are set to be made redundant.

The new and used car dealer - which had sites in Newton Aycliffe and Bishop Auckland - had suffered a drop in trade as a result of reduced consumer spending.

And this is despite the company selling its Durham and Hartlepool dealerships in recent weeks.

KPMG have been appointed administrators .

"It is unsurprising that during a recession, a relatively rural car retailer has struggled. Despite a restructure, which saw Holiways sell two dealerships in recent weeks, the siginificant losses incurred by the business through the summer means it simply couldn't continue to trade."

– Mark Firmin, regional head of restructuring at KPMG
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