HMV Finally closing down for good?

You can't change what is destined to die unless you nip things early in the bud and move with the times. Our ways of consuming media have slowly changed over the years due to technology and the internet.

I am in my early 40's and always purchased my music mostly from Woolies in town back in the day via cassette and eventually. These days I tend to listen to <90's music mostly and I have mostly what I require. If I do stumble across something I haven't got, I'll have heard it on YouTube therefore I'll go and buy the digital equivalent.

The last time I went to a HMV was last year somewhere in London. Could I find a album from The Animals? Sadly no, but they could order it for me. I went home, looked on Amazon and purchased the CD and as a result had the album in MP3 format in my digital amazon library to listen to that very moment until the cd arrived. How the hell do you even beat that?
 
robfosters said:
Agree entirely. People who accuse the bosses of not adapting or evolving are idiots. It couldn’t possibly evolve to the point of being able to survive in a capacity that kept everyone’s jobs. The worlds changing and people will suffer and others will prosper.

I’m sure they did everything they could, but it’s like King **** trying to hold back the tide. It’s impossible.
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We can't save everyone's job so everyone loses their job?

Semple said:
It's managing directors/CEOs like that who should be blacklisted, clearly unfit/clueless at running a company.

I'd imagine companies going bust is a big career destroyer for anyone in the top position. Let's face it, if you were on the board of a company, you're certainly not going to consider someone who's just bankrupted a company.
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That doesn't happen though, they are all part of the boys club and get another high paying job from one of their mates.
 
Was just looking at Hilcos history on wiki, it's a veritable who's who of dead or mostly dead companies! Safe to say if they come riding over the hill to your rescue it's more a stay of execution than salvation!

Homebase obviously is currently in their ownership and if there was a 2019 retail 'deadpool' they'd be a favourite (along with Debenhams).
 
Kainz said:
You can't change what is destined to die unless you nip things early in the bud and move with the times. Our ways of consuming media have slowly changed over the years due to technology and the internet.

I am in my early 40's and always purchased my music mostly from Woolies in town back in the day via cassette and eventually. These days I tend to listen to <90's music mostly and I have mostly what I require. If I do stumble across something I haven't got, I'll have heard it on YouTube therefore I'll go and buy the digital equivalent.

The last time I went to a HMV was last year somewhere in London. Could I find a album from The Animals? Sadly no, but they could order it for me. I went home, looked on Amazon and purchased the CD and as a result had the album in MP3 format in my digital amazon library to listen to that very moment until the cd arrived. How the hell do you even beat that?
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Seriously, so if you buy a CD you automatically get the MP3 version as well?
 
Psycho Ned said:
Was just looking at Hilcos history on wiki, it's a veritable who's who of dead or mostly dead companies! Safe to say if they come riding over the hill to your rescue it's more a stay of execution than salvation!

Homebase obviously is currently in their ownership and if there was a 2019 retail 'deadpool' they'd be a favourite (along with Debenhams).
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Hilco generally buy firms who are broken and try to turn them around, sometimes they succeed, sometimes they don't. In the case of hmv, they gave the company 6 more years, before the market caught up with it again. The alternative is that it just disappeared 6 years ago
 
It be interesting to know how many of the HMV stores were still making a profit and which ones

As am guessing at lest a few of them were still making a profit..
 
Vanquish-Storm said:
We can't save everyone's job so everyone loses their job?
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A company going under doesn't stop a person getting a job somewhere else which has thrived. Out of all the previous companies I have worked at since the 90s, only three out of nine of them still exist, and we're talking big household names.
 
Jimbeam3678 said:
It’s staggering all of the posts on here about on physical shops.

The one thing that these shops have that no online retailer can offer and is free to implement... good custumer service.

It’s beyond belief that most stores I go into don’t even acknowledge me or offer any real assitance.

If you provide a good service at a reasonable price people will come back. It’s nothing new but it’s very rarely done.

As for the free parking research has shown this is simply not true.
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How accurate is the research on parking though?

I known for a fact that the insane parking costs in Brighton stopped us shopping there more than like once or twice a year (and even then we parked miles away). If parking was free we probably would have gone there most weekends.

It costs about £25 a day to park anywhere near the shops/centre which is ridiculous.
 
robfosters said:
Agree entirely. People who accuse the bosses of not adapting or evolving are idiots. It couldn’t possibly evolve to the point of being able to survive in a capacity that kept everyone’s jobs. The worlds changing and people will suffer and others will prosper.

I’m sure they did everything they could, but it’s like King **** trying to hold back the tide. It’s impossible.
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It depends if the people at the top have vision and the willingness to embrace something beyond the current business model. For instance, Blockbuster had the chance to buy Netflix for peanuts, but failed to do so. John Lewis and the big supemarkets have transitioned to making their online businesses very successful. There doesn't seem to be an app or a streaming service with HMV's name on it. It's all about "come to the shop and buy stuff". The odd live event in store isn't going to change the core of their business model. It seems to me that HMV decided to stay focussed around their shops when they should have been investing and using their name to expand into the businesses that are currently eating their lunch (online, streaming, etc).

But we are where we are. HMV didn't or couldn't change their business model, they've been superseded by better alternatives at cheaper prices that are more attractive to their customers.
 
HoneyBadger said:
You evolve the business to keep up with the times. If necessary, you change the business model.
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Evolve and become an online digital download service - that would save their high street business? HMV had no chance of competing in that market else they would have. Google, Amazon & Spotify have it completely covered.

The cost outlay to try and even match the existing players would be beyond them - the software development, cloud server costs etc..
 
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