Absolutely yes, it would have been planned and arranged well before Christmas. A lot of ex national high street retailers have pulled the same stunt many times over the years. The vouchers just make anyone holding them an unsecured creditor, in other words, bottom of the pecking order with no chance at all of getting anything back.
HMV Finally closing down for good?
- Thread starter Scania
- Start date
Absolutely yes, it would have been planned and arranged well before Christmas. A lot of ex national high street retailers have pulled the same stunt many times over the years. The vouchers just make anyone holding them an unsecured creditor, in other words, bottom of the pecking order with no chance at all of getting anything back.
Parking is a huge factor though. You might be happy to pay upto £10+ for a few hours of parking whilst you shop, but most won't. Infact most would rather head elsewhere to free parking.
I see major shopping centres (Trafford Centre / Bull Ring / Westfield) becoming the norm, anytime I visit TC it's absolutely hammered. It has everything under one roof, lots of free parking, along with bars/restaurants and even a cinema.
I can't think of a single reason why anyone would choose to visit a high street over a shopping centre.
The issue then becomes the rent for a store in the likes of the Trafford centre are huge. Something needs to give somewhere.
Soldato
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Shame, pop into HMV nearly every week as its conveniently placed and its easy to see what the new releases are ... if there's anything I want then a quick price check against Amazon and more often than not there is no price difference so I might as well pick it up there. In fact the last thing I bought in there was a lot cheaper than on Amazon.
Pre-orders then yes I'll probably use Amazon, impulse purchases then I probably use wherever I actually am.
Pre-orders then yes I'll probably use Amazon, impulse purchases then I probably use wherever I actually am.
Yeah I suspect for major brands the high rent isn't much of an issue versus the footfall seen.
But for smaller indy brands could find it's a huge blow to their costs.
The Guernsey store not on the list 
(If this list is true 
)
https://www.mirror.co.uk/money/full-list-hmv-stores-risk-13785534
(If this list is true )https://www.mirror.co.uk/money/full-list-hmv-stores-risk-13785534
Would not surprise me if a super market brand took them over and turned all there stores into supermarkets
The tiny island where I live is now completely flooded with supermarkets and they still keep opening or building new ones and that not counting most of the garage shops here have also been changed into mini supermarkets
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Surprised they've lasted this long to be honest. I often buy Blu-Rays, CDs and games however I can't think of the last time I bought anything at HMV.
I wonder if they perhaps could continue if they went into the second hand market and mirrored what CEX are doing?
Other than that I just don't see how they can survive? Most people these days just use digital streaming services. Even people like myself who still buy physical media will just shop online where it's cheaper.
There's no way they can ever compete like for like with out of town internet retailers.
I wonder if they perhaps could continue if they went into the second hand market and mirrored what CEX are doing?
Other than that I just don't see how they can survive? Most people these days just use digital streaming services. Even people like myself who still buy physical media will just shop online where it's cheaper.
There's no way they can ever compete like for like with out of town internet retailers.
Soldato
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Would not surprise me if a super market brand took them over and turned all there stores into supermarkets
The tiny island where I live is now completely flooded with supermarkets and they still keep opening or building new ones and that not counting most of are garage shops have also be changed into mini supermarkets
Are you using the word "are" in place of "our" or was that a typo?
Changed it....
Soldato
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They are in a rapidly declining market, operating out of relatively expensive retail stores with too much alternative competition from streaming or purely on line warehouse based competitors who always have everything in stock, easy to find at a lower price.
Too true. Which is why they should have changed what they are/do. They needed to move with the times and simply didn't.
When you have managing directors that come out with this pish (back when they first faltered),
It's no wonder, why are they so ******* stupid? Why are there so many low-effort managers in business right now?
The biggest failure when it came to this was definitely the US company Sears, holy ****, they had every ability to be the Amazon of the 90s onwards, instead choosing to not evolve because it'll "apparently work out".
It's no wonder, why are they so ******* stupid? Why are there so many low-effort managers in business right now?
The biggest failure when it came to this was definitely the US company Sears, holy ****, they had every ability to be the Amazon of the 90s onwards, instead choosing to not evolve because it'll "apparently work out".
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He can hardly say "well, lol, were absolutely ****** really, there's no two ways about it" can he?
Town councils are to blame for decades, get people living back in the centers kick out the big souless chains to the retail parks and let independent traders and restutants take hold.
Would go as far as kicking out the night clubs as well to retail parks, leave the live venue places though.
Would go as far as kicking out the night clubs as well to retail parks, leave the live venue places though.
He bloody well should have, now the company is practically dead, it's employees probably out of work and it's consumers out of choice.
Not evolving is functionally criminal as he and most of the execs will have cushy lives regardless.
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Soldato
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I don't know why people get so sentimental with this, it's evolution and there's no right or wrong. The company was destined to die, it couldn't undergo metamorphosis because the competition was too well established. You can't just take a high street chain and turn it into an online power seller. Media is no longer consumed in it's physical form therefore HMV is extinct.
The entire high street is now evolving into something different so there's no point trying to provide life support to dinosaurs; it's time for someone to work out how to fill the void.
The entire high street is now evolving into something different so there's no point trying to provide life support to dinosaurs; it's time for someone to work out how to fill the void.