Kettering’s Newlands Shopping Centre has announced that record chain HMV is to remain in the town after a deal was reached.
The shop was due to close later this month but closing-down signs have now been removed.
The centre says a three-year deal has been secured between HMV and the Newlands Shopping Centre.
A spokesman for the Newlands Centre said: “Staff at the store were due to be given their notice today but the closing down signs have been taken down and music and movie fans can look forward to visiting the UK’s home of entertainment.
“The 3,000 sq ft Kettering HMV continues to sell DVDs and CDs but there will also be scope to develop the store’s growing business in music and technology equipment from tablets and gaming essentials to headphones.”
Neil Griffin, centre manager, said: “Keeping HMV at the heart of the Newlands is great news for both the shopping centre and the town centre.
“In spite of the move to downloading music and movies there is no substitute for a visit to a great retail store and no retailer has the heritage, expertise and choice that HMV provide.
“We were keen to keep HMV in the town when their lease expired and with both parties being flexible in the terms we have agreed we have forged a deal which will see the brand continue to be represented in Kettering.
“It is important that the shopping offer in Kettering offers variety and quality and HMV certainly delivers both these requirements in style. With the £1,000,000 recent refurbish and the strength and variety of our stores we are looking forward to a better than ever Centre for 2014.”
Last month, the Telegraph reported that HMV was to close after the chain had been unable to agree a deal with the Newlands Centre. The Newlands Centre then revealed that HMV had requested a rent-free unit at the centre.