When it comes to music and buying CDs in the UK, there has been no-one bigger than HMV in recent years. After launching in 1921 in London, they started with one major store in Oxford Street. At first, they were known for manufacturing radio and TV sets as well as radiograms. However, they started to expand their stores in the 1960s and became the biggest music retailer in the country by the 1970s.
In 1986, they opened what was the largest record shop in the world at the time and they opened stores in many major cities. In 2012, they did enter some financial issues which put some of the hundreds of stores at risk and many closed. However, Hilco UK came to the rescue in 2013 and 141 stores were saved as well as 2,500 jobs. Since then, they have been recuperating lost profits and lost time whilst climbing the ladder once more.