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Though HMV has about 20 percent of the U.K. music and video market, which includes both downloads and discs, it has steadily lost share to Internet sellers. The same pressure of rapidly changing technology, combined with Britain's sluggish economy, recently swamped two other major British retailers, appliance dealer Comet and the Jessops camera shops. The British Retail Consortium says that about 10 percent of the nation's shop buildings now stand vacant, and Begbies Traynor says 140 U.K. retailers on are its critical list.
[Associated
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