SALES of bestselling CDs by Lady Gaga and the Black Eyes Peas were not enough to prevent pre-tax profits plunging by 87.5% at the Irish arm of HMV last year.

DOZENS of jobs are threatened as Waterstones booksellers closes two shops in Dublin.

Dozens of jobs were threatened today as Waterstones announced it would close two stores in Dublin.

Embattled music and books retailer HMV Group today confirmed its suppliers were being hit by a reduction in credit insurance amid fears over the chain’s trading woes.

Music and books retailer HMV Group today revealed a raft of cost-cutting measures – including store closures and redundancies – as it battles with tumbling sales.

Commodity and banking stocks briefly pushed the FTSE 100 Index past the 5900 mark today before it slipped back again.

The FTSE 100 Index returned above the 5900 barrier today as the London market overcame the impact of the UK's big freeze on travel and retail stocks.

Former investment banker Robert Swannell will become chairman of retail giant Marks & Spencer in January, the company announced today.

Heavyweight miners dragged the FTSE 100 Index lower today despite another bright session for many top-flight retailers.

HMV Group today branded Waterstone’s Christmas performance “unsatisfactory” as it announced the departure of the British book chain’s boss.

HMV Group today branded Waterstone's Christmas performance "unsatisfactory" as it announced the departure of the book chain's boss.

Entertainment retailer HMV today confirmed it was one of the high street winners from the past year after a group-wide overhaul saw like-for-like sales lift 7.3%.

Embattled music retailer HMV appointed a new chief executive today after securing the services of a former boss at retail chain Comet.

BOOKSELLER Waterstone’s Ireland saw profits fall by just over €320,000 last year.

BOOK seller Waterstones saw turnover at its Irish shops more than double in its past financial year.

The founder of bookshop chain Waterstone’s has accused its managers of taking it downmarket and said he may try to buy it back.

Music retailer HMV has announced its chief operating officer Brian McLaughlin is to retire at the end of the year.

GIVEN the escalation seen in private equity buying in the retail sector in Britain over the past 12 months, it was interesting this week to see Advent, the private equity firm, sell its 7.8% holding in the HMV Group.

HMV says it's planning to expand into Japan following its floatation on the stock market in July.