POPULAR Worthing town centre stores HMV and Waterstone’s are likely to escape a nationwide cull.
Shares in music and books retailer HMV Group plummeted by 24 per cent after it reported Christmas sales down 10 per cent and warned of lower than forecast profits.
The firm, which owns HMV, in the Montague Centre, and Waterstone’s, Montague Street, announced plans to close around 50 stores over the next year to get costs under control.
But town centre manager Sharon Clarke said the Worthing outlets had a good Christmas despite heavy snow.
HMV Group spokesman Gennaro Castaldo said: “I cannot make any categorical promises but Worthing doesn’t fall into the closure criteria.”
The firm was looking to axe stores in big cities which had three or four outlets in close proximity to each other.