HMV presence grows July 12th, 2008

HMV continues to perform well on the high street thanks to its large music and video game selection, when compared to its competitors. The company has seen its market share increase over the past twelve months and has been rewarded with a 25% rise in full year pre-tax profits. Despite the good news, its shares continue to trade around the 100p marker, which is at the bottom end of its 52 week range. Given the positive results, HMV could be one of the few retailers that still offers some value.