HMV Finally closing down for good?

Russinating said:
Just went into central Bristol one and it was dead. Not much that I wanted in the Blue Cross sale and they still had a whole section of 5 for £30 Blu-rays which weren't discounted (same deal as before Christmas).
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Was thinking of going into Broadmead at lunch and seeing what they had in there.....but it seems like not a lot. I may go in today and also see what it's like in a couple of weeks if there's a store closure.
 
teh_captain said:
Was thinking of going into Broadmead at lunch and seeing what they had in there.....but it seems like not a lot. I may go in today and also see what it's like in a couple of weeks if there's a store closure.
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Depends what you're after really as I was only looking at Blu-rays. 90% of DVDs are in the Blue Cross but all the chart and newer Blu-rays weren't.

All the massive box sets (24, Friends, etc) were just at the same price as pre-Christmas. All games and tech are full price too.
 
Incidentally, on the subject of pricing, for christmas I wanted to get my Mum a physical copy of the Train - California 37 album. I went to the HMV in town, and was so disgusted by the £13 price tag, i did not buy it. A couple of days later, i was flying, so i checked in the HMV outlet at Heathrow, T5. The exact same album was £5.

Its not just internet vs high-street.
 
Still has it's uses

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The main problem I have found with HMV over the years is that although they stock a good range of things they rarely update the pricing of thier older stock. I have seen TV box sets 2x or 3x the price than they were on the internet, which has nothing to do with having expensive overheads.

Unfortunately they failed to establish market share online and thats been thier downfall, their online business may survive but i doubt we will see the street stores open for much longer.
 
I think we might see this go the way of GAME and Clintons. ie, a viable business once freed from the millstone of excessive store portfolio. Now the firm is in administration it can terminate leases and make people redundant without the enormous capital costs this would incur if they were still trading normally.

This makes a slimmed down, more sensible sized firm a viable purchase for somebody and with lower costs it would be better placed to survive.
 
I hope that is the way it goes Fox, I don't want the highstreet and the jobs that go with it to disappear.

It's a grim start to the year.
 
People have mentioned it here but one of the ridiculous errors with HMV was their pricing. Not that things were way more than competitors, but just mismatched.

When I was at university it was like a hunt to find a DVD that had been mislabelled as £5 instead of £20 or similar.

Even today when I went in it's ridiculous. They have boxsets that are cheaper than one of the individual films/seasons, all just sat next to each other. Such an epic waste of space.
 
DiCe! said:
IMO.

HMV are idiots, the ONLY high street record store and they messed it up.

Put rubbish in their stores.
Staffed with idiots that looked "cool" rather than worked hard.
Stores where messy/hot.
Could find a DVD for £3 in one area and £10 in another.
Started selling electronics...why?
Tried to charge inflated prices thinking they could get away with it and that people would stay loyal in a recession.

It could be profitable so easily.

I hope some independent stores open up and get a chance.
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The reason they started selling other products was because they needed to do so with the changing market. They had to offer something else. I know somebody already made a mocking comment about headphones, but they are big business. Have you been to a UK airport recently? Try Heathrow Terminal 5, pretty much every store that carries electronic goods has headphones out front with huge coverage, with some stores it being pretty much all they carry.

As many have already pointed out, its not as simple as "they should have just dropped their prices". Do you really think that all the business minds and advisors they had working for the company wouldn't have done such a thing if it was viable? Its not because they were being greedy or trying to trick people.

Its also difficult to get rid of people in this day and age, especially when you have hundreds of stores across the country and thousands of staff, as some of now suggested, it might be an event like this administration that can keep what profitable stores remain in the company alive.
 
I may as well use my gift voucher for a fire starting.is this the end for gift vouchers? I know I will never buy 1 for someone else.

Hmv really messed up on this one, like has been said in the news, they had loads of time to commit to an online only store

Oh well, I don't care, it's too expensive to be viable anyway
 
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