Jan 17: HMV strikes cheerful tune

HMV, the British music and books retailer, has had a record Christmas and expects profits in 2008 to be towards the top end of analysts' expectations. It adds to a complicated picture emerging from the retail sector: while HMV describes itself as one of the 'winners', there have been plenty of losers, too. Tom Braithwaite, retail correspondent, tells Richard Edgar what to expect in the coming months.