AccessMyLibrary provides FREE access to over 30 million articles from top publications available through your library.
Create a link to this page
Copy and paste this link tag into your Web page or blog:
Music Zone is planning an ambitious campaign of organic growth over the coming year, on the back of an update to its retail offer and changes to the company's infrastructure.
Since the company's dramatic acquisition of 41 former MVC stores in January, Music Zone has added a further five outlets to its portfolio, two from MVC and three organic openings. This takes the total number of Music Zone stores to 102, just behind Virgin Retail, which has 126 stores in the UK and Ireland, and Music Zone managing director Steve Oliver has the competitor in his sights.
"We have another four to six organic store launches planned before Christmas," he says. "When the right opportunity comes up, and with the geographical framework that we have now got with the former MVC stores, we can look at further potential openings pretty much anywhere in England, Scotland and Wales. Do I see Music Zone overtaking Virgin in terms of branch numbers? I guess the quick answer is `Yes, next year'."
The company last week posted an 82% rise in turnover to #135m for the year to June 30, on the back of its programme of new store openings. ...