HMV Finally closing down for good?

mrbell1984 said:
look likes hmv is coming back online today, just got an email to say this.
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Interesting business tactic. Prolonging an inevitable demise ( retail store wise anyway)

No one wants to spend £23 on a Blu-Ray when they can get it online for less than £15 HMV. Wake up.
 
I went along to HMV in Newcastle after work yesterday to get 3 or 4 new CD's (all out yesterday) only to discover they now close at 6:00pm.......bought them somewhere else.
 
I can see HMV on life support for a few years before it gets sold off or goes bankrupt again. Eventually it will likely be part of littlewoods or whoever like Woolworths as a rebrand of an online store, or the "HMV" section in Tesco or ASDA as the name for the DVD section. Just some thoughts.
 
Monkeynut said:
I can see HMV on life support for a few years before it gets sold off or goes bankrupt again. Eventually it will likely be part of littlewoods or whoever like Woolworths as a rebrand of an online store, or the "HMV" section in Tesco or ASDA as the name for the DVD section. Just some thoughts.
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Basically HMV will be none existent and the brand name sold to the highest bidder.
 
I'll miss HMV when they go but really their core business is evaporating. I was in there over Christmas to pick up a few bits, it's still all CDs, and DVDs, as more and more of the market moves into streaming how can they continue to compete?
 
FortuitousFluke said:
I'll miss HMV when they go but really their core business is evaporating. I was in there over Christmas to pick up a few bits, it's still all CDs, and DVDs, as more and more of the market moves into streaming how can they continue to compete?
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Indeed. I'm sure the usual suspects will be out blaming brexit or whatever, but these companies just have not moved with the times.
 
200sols said:
Indeed. I'm sure the usual suspects will be out blaming brexit or whatever, but these companies just have not moved with the times.
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I think Brexit and the reduced consumer confidence has likely hastened the decline, and it's definitely had a massive impact on the retail sector this year. The comments from the high street this Christmas have been pretty shocking, but even without that unless they find a way to pivot into a more sustainable approach then really their time is limited.

They've done this to an extent, they now a wider range of products with a lot more shelf space allotted to stuff like shirts and novelty items than previously but their core business is still shrinking rapidly.
 
200sols said:
Indeed. I'm sure the usual suspects will be out blaming brexit or whatever, but these companies just have not moved with the times.
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In what way can they move with the times?

I get that digital is the way forward, but how can a high street shop adopt that approach and compete with the big boys like Spotify, Apple, Netflix...
 
When this thread started they closed down my local HMV. It has just been recently re-opened in exactly the same place which is odd seeing as it has only been opened a month. Next door a peacocks has a "closing down sale depending on rental agreement" sign. Councils and land lords are just as bad. They need to make it attractive to come into town again by making car parking free for several hours and reducing rent on properties.
 
Really not a suprise. I don't really buy any physical media any more, either in the highstreet or online. My car doesn't even have a cd player in it (came without one from the factory, to be fair I didn't actually notice for two months).

Streaming services, either via subscription or item purchase are the way forwards and my main source of consuming media now.
 
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