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Musica is the largest retailer of music and related entertainment merchandise in the country. Musica has expanded beyond its traditional core music business to a broader range of entertainment products, including DVDs (music and movies), gaming (including computer games), lifestyle accessories (clothing, figurines, novelty goods) and online entertainment. 



Musica’s performance slowed in the second half and turnover for the year was 5.9% lower as the decline in the CD and DVD markets accelerated. Musica maintained market shares and showed good growth in gaming, technology and accessories. The Body Shop’s operating profit increased by 3.5% despite the brand experiencing price deflation of 6.6%. 


Musica plan on reshaping the business. A robust approach to lease renewals will be undertaken to try and heavily negotiate the rentals that Musica ar epaying at the moment. They will try and bring the rentals down. Musica is also expected to close at least 10 stores in the 2012 financial year.  

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