The Resurrection of Fopp

HMV has decided to buy six of the closed Fopp stores and trade again under the Fopp banner (details here). It strikes me that this is a pretty cynical move by the chain to ensure that the Fopp name is not resurrected by a rival. The two Scottish stores to be reopened are the shops on Rose Street in Edinburgh and Union Street in Glasgow. While they were the two biggest shops in Scotland, both are in fairly close proximity to existing HMV outlets. It would make more sense to resurrect the Cockburn Street and Byres Road branches, even if they were a lot smaller (and I guess less profitable). It seems odd that HMV is effectively setting up new outlets in direct competition with itself. Methinks there may be some good old fashioned asset stripping going on here.

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