HMV has reclaimed its title as Britain's biggest retailer of physical music, overtaking Amazon.
A rise in sales at Christmas has reportedly put the high street shop back on top, despite the fact its now operating with a third less shop space than when the company went into administration in 2013.
The retailer has reported that it saw a rise of 1.5% in CD sales over the christmas period, and a whopping 170% rise in the sale of vinyl, seeing the highest figures since the mid-90's, a somewhat unsurprising fact after it was revealed in November that vinyl sales for the year in the UK had topped the one million mark for the first time in 18 years.
Back in September, HMV boss Paul Mcgowan predicting this outcome, telling The Telegraph: "It's only a matter of time before we overtake Amazon, HMV is re-engaging with music shoppers and getting them back into shops. This is about being an authority in music, not selling music as a commodity."
Speaking once again in the wake of this announcement, Mcgowan promised that HMV will continue to maintain the title, explaining to The Telegraph: “With a bumper year of new releases already planned for 2015 we expect to have overall growth in like-for-like DVD and Blu-ray sales as well as continued growth in the physical music sector with vinyl also expected to continue its revival.”
Amazon are yet to comment.