HMV to close Oxford Street store after three years

HMV has said it will shut its flagship Oxford Street store three years after it reopened the site, blaming a proposed doubling of the rent for the closure.

The entertainment chain said it would leave the shop in March 2027, in a move affecting more than 50 staff.

It said it was looking for a new site in London's West End district for its flagship shop and said it planned to maintain a "significant presence" in the capital.

Phil Halliday…