HMV Finally closing down for good?

Janesy B · 18 Jan 2013 at 13:37

[TW]Fox;23583017 said:
No, Eletronics Boutique took over GAME ages ago and subsequently rebranded the entire operation to GAME because the EB name was used under license from EB in the US.

I stand corrected!

King85 · 18 Jan 2013 at 14:42

Basher said:
Yeah, perhaps.

Are we supposed to hate the bosses? Is that the next phase after shouting adapt or die?

Well yeah really as they're the ones supposedly steering the ship but rather be a responsible and diligent captain they've behaved more like Francesco Schettino.

Basher · 18 Jan 2013 at 14:55

King85 said:
Well yeah really as they're the ones supposedly steering the ship but rather be a responsible and diligent captain they've behaved more like Francesco Schettino.

Ahh ok. I'm sure they all sat back and didn't try to do anything to save these jobs. Because it is that simple. (!)

estebanrey · 18 Jan 2013 at 14:58

Robi said:
Yes because the 'top bosses' haven't worked for years to get where they are? You don't just walk into a director or operational manager role. It takes years of hard graft to work your way up.

Not always no. From experience a lot of the time it's because they knew the right people or were prepared to play the 'corporate game' (i.e. staying past your finish time even if you have nothing to do because it looks good etc, etc).

But regardless, just because you've worked hard to get to where you are doesn't mean you can then bank that like some kind of protected no claims bonus and proceed to screw up and be expecting not to drop down a few pegs.

As has been stated, whilst nothing would have guaranteed HMV's business, doing nothing in the face of overwhelming change to the market is just inept.

Basher · 18 Jan 2013 at 15:03

estebanrey said:
Not always no. From experience a lot of the time it's because they knew the right people or were prepared to play the 'corporate game' (i.e. staying past your finish time even if you have nothing to do because it looks good etc, etc).

But regardless, just because you've worked hard to get to where you are doesn't mean you can then bank that like some kind of protected no claims bonus and proceed to screw up and be expecting not to drop down a few pegs.

As has been stated, whilst nothing would have guaranteed HMV's business, doing nothing in the face of overwhelming change to the market is just inept.

So what in your opinion should the bosses have done?

Also, why shouldn't they walk into another six figure paying job if they are offered it (which they will be)?

estebanrey · 18 Jan 2013 at 15:10

Basher said:
So what in your opinion should the bosses have done?

Bought out Amazon as soon as it was clear their model was clearly the future at which point HMV were much bigger and richer than them.

If that wasn't possible a rival website should have been started, that offered products at similar prices, unlike what they did which was create a site selling CDs for marginally less than they were in store any way.

Secondly, realised the potential success of iTunes and worked with Apple to provide discounted purchases in store (i.e you get a top card for iTunes worth £12 and you only pay £10 for it in store). Alternatively, offered their own MP3 download service.

Basher said:
Also, why shouldn't they walk into another six figure paying job if they are offered it (which they will be)?

Because it was their mismanagement that caused HMV to fail.

Basher · 18 Jan 2013 at 15:13

estebanrey said:
Because it was their mismanagement that caused HMV to fail.

Even if it was, why shouldn't they accept job offers!?

estebanrey · 18 Jan 2013 at 15:14

Basher said:
Even if it was, why shouldn't they accept job offers!?

I'm not talking about what they should do personally, I'm talking about what other organisations SHOULD (but won't) do IMO.

Basher · 18 Jan 2013 at 15:16

estebanrey said:
I'm not talking about what they should do personally, I'm talking about what other organisations SHOULD (but won't) do IMO.

Ok. But bear in mind these senior execs are people with good experience and great contacts.

gothic_hobbit · 18 Jan 2013 at 20:21

JBod said:
That would be because they are two separate companies.

HMV Canada only split from HMV UK fairly recently though.

So they effectively dodged a bullet.

Deleted member 77746 · 18 Jan 2013 at 20:23

gothic_hobbit said:
HMV Canada only split from HMV UK fairly recently though.

So they effectively dodged a bullet.

Maybe it was planned.

Defiant306 · 19 Jan 2013 at 23:43

Anyone heard of another company interested in HMV?

[TW]Fox · 20 Jan 2013 at 00:09

Defiant306 said:
Anyone heard of another company interested in HMV?

There seems to be significant interest from numerous companies.

ethan · 20 Jan 2013 at 00:15

[TW]Fox;23593262 said:
There seems to be significant interest from numerous companies.

I hope so and I hope it remains in some kind of format. I don't know about everybody else but it can be really boring shopping on the internet. I sometimes prefer the social aspect. Trying out things needs to be done in person also.

Doggie2k · 20 Jan 2013 at 00:23

HMV need to come down to Oz and take a look at how JB hifi do business. Incredibly successful and stays competitive to amazon US's prices.

Seems crazy that if HMV dissapear the UK won't have a dedicated movies/music chain stores where oy can't walk in and browse

Raymond Lin · 20 Jan 2013 at 00:23

I really hoped HMV do survived. I like their 5 for £30 deals for example.

If anything, it is somewhere to kill 20 mins when I go to town.

00bob00 · 21 Jan 2013 at 13:07

http://www.bbc.co.uk/news/business-21118711 - HMV accepting gift vouchers from tuesday

Russinating · 21 Jan 2013 at 15:29

Wish I'd taken a punt on buying a gift card now

. Shed loads of £10 gift cards listed previously that didn't sell for 99p.

http://www.ebay.co.uk/itm/70-worth-of-HMV-Gift-Cards-3-cards-/251214422842

Foresight is a *****!

Deleted member 77746 · 21 Jan 2013 at 15:54

OMG!!! I bloody knew I should have took the bet and purchased some! I don't beleive it!

I will never ever listen to forum members again! BOOM!

Hamster said:
This seller's not going to be a happy bunny today:

http://www.ebay.co.uk/itm/HMV-154-9...Trave_Vouchers_Coupons_LE&hash=item19d82364fa

http://www.ebay.co.uk/sch/i.html?_nkw=hmv+gift+card&_frs=1

^^ OMG look how many are been sold! On another note if the administrators say 'yes' they can now be accepted someone could be quids in here! Might be worth a chance buying a few cos you could easy make a 1000% profit and more if you buy right!

Do you want to take a chance??????

Q. Will gift vouchers be accepted?

HMV has already announced gift cards and vouchers will not be accepted.

So for now, any cards or vouchers you have are invalid, though Deloitte could decide to accept them when it is appointed — though there are no indications either way.

Deloitte was appointed administrator for Comet and initially stopped accepting gift vouchers, but later changed its mind.

shadow_boxer · 21 Jan 2013 at 15:57

Damn! Should've pick up some gift cards!