Retail in Asia

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HMV closes flagship store in Tokyo

HMV Japan has closed its flagship music store in Tokyo’s Shibuya Ward, an establishment that attracted huge numbers of music fans in the course of its 21-year run.

While the firm said the outlet shut its doors on Sunday night under its management policy, it is believed HMV Shibuya fell on hard times because consumers have turned to downloading music from the internet. HMV Japan now has 47 outlets.