HMV Finally closing down for good?

Its just the evolution of the shopping experience. Just like the supermarkets changed the corner shop and the out of town shopping centre started to change the high street. The internet has evolved to change things again. I feel sorry for the people who lose their jobs but I will not miss the shops, must be nearly 10 years since I shopped in HMV etc.

I used to have to use those shops as there was no alternative, now I can shop on my sofa with my tablet PC. Suits me fine thanks.
 
Spit said:
Its just the evolution of the shopping experience. Just like the supermarkets changed the corner shop and the out of town shopping centre started to change the high street. The internet has evolved to change things again.
Click to expand...

The difference being the Supermarkets actually made money and were sustainable.

Yet again this year Amazon didn't actually make any money. Play.com have given up entirely. No prizes for guessing what the rest of the entertainment players online are making. Or not making, as the case may be.

Most of the profitable online retailers are retailers which supplemented rather than replaced highstreet, or retailers which replaced other more traditional mail order. ie, computer components or specialist items etc.
 
[TW]Fox;23559771 said:
The difference being the Supermarkets actually made money and were sustainable.

Yet again this year Amazon didn't actually make any money. Play.com have given up entirely. No prizes for guessing what the rest of the entertainment players online are making. Or not making, as the case may be.

Most of the profitable online retailers are retailers which supplemented rather than replaced highstreet, or retailers which replaced other more traditional mail order. ie, computer components or specialist items etc.
Click to expand...

Did you actually read why Amazon made losses this year? It wasn't because they sell cheap entertainment products.

http://www.businessinsider.com/amazon-announces-loss-on-livingsocial-2012-10
 
Thats nothing new, its been going on for decades in the stock market. Profit is not the only driver for investors.

Still doesn't change the fact that the internet has changed the face of shopping.
 
Spit said:
Thats nothing new, its been going on for decades in the stock market. Profit is not the only driver for investors.
Click to expand...

But it's no use for consumers and doesn't stop the death of the high street retailer at the hands of things like this being a bit of a shame, really.

Still doesn't change the fact that the internet has changed the face of shopping.
Click to expand...

And you think it's a good thing that soon there will be little if any choice in how we purchase products? How cheap will the internet be once the more expensive but more convenient competition is no more? How healthy do you think the economy of this country will be when hundreds of thousands perhaps millions more people are out of work?

Simple economics tells us that once the traditional competition has gone, the internet firms will no longer need to compete with the high street on the only thing they can do better* - price.

* Specifically excluding digital distribution here, as despite its growth it is not yet at a level where it affects much, accounting for just 25% of the market.
 
Last edited:
HMV to call in administrators within hour

http://www.telegraph.co.uk/finance/...V-to-call-in-administrators-within-hours.html

People that have vouchers tomorrow might be the last day you could use them, so pop off too your HMV when it opens to get rid if them before they say no vouchers can be used in the afternoon. you should have 3 hours from the time it opens to the time they say no for vouchers.

Seems like another record is broken.
 
Last edited:
Not exactly connected...

But i walked around halfords today and got some car wash bubbles. Big store, no customers, no real energy going on. Lot of stock sitting tied up.

Its days are numbered IMO.
 
mrbell1984 said:
Adapt or die, Adapt or die, Adapt or die.
Click to expand...

Adapt how?

Sell everything at a loss and keep going until the funding runs out? Because thats the current 'succesful' model.

Honestly with posts like this it's as if people on here actually beleive management at firms like HMV sit in the boardroom looking at the wall going 'derp derp derp' rather than taking the simple and easy steps General Discussion know will work so well.

It is way more complicated than that. It's not as simple as one easy-to-solve issue. They could slash all the prices to the same as Amazon tommorrow and it would make no difference - it would increase turnover but it would reduce margin even further.
 
Last edited:
You must log in or register to reply here.
Back
Top Bottom