HMV Finally closing down for good?

I work in this industry and I'd be very, very shocked in the record agencies and studios let this happen. HMV creates sales not only for themselves but also for every other retailer, you see it in HMV you buy it online. It's great, cheap advertising and recoded lables would rather subsidise that then let them go under.
 
My mates copy of Dark Knight Rises had something on the case about watching instantly on the web...
 
[TW]Fox;23477271 said:
How much stuff though? They'll own almost none of the property estate.
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cx19G.jpg

Yo dawg I heard you like loans but cant afford to pay your loans.
so I'm giving you another loan you cant afford to pay so you can pay your original loan
 
[TW]Fox;23477271 said:
How much stuff though? They'll own almost none of the property estate.
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This. There is no money to be 'made' from closing the high street stores. Its just a cost that can be cut (rent, wages, etc).
 
JBod said:
Gosh if only Liam Fox had been able to have all these OCUK business geniuses available to him when he was running HMV!!

"Put prices cheaper to compete with the internet"

If only he had thought of that!

:rolleyes: :rolleyes:

As happens so often it seems only Fox and one or two others have their heads screwed on.
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It's brilliant.
 
It's a shame. Unlike GAME, who failed to adjust to the market (they didn't even have a pick-up in store option that wasn't instant). But it's clear that the high street isn't going to be around in the next 10 years at this rate.
 
diamount said:
It's a shame. Unlike GAME, who failed to adjust to the market (they didn't even have a pick-up in store option that wasn't instant). But it's clear that the high street isn't going to be around in the next 10 years at this rate.
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scary thought. the government need to bring down rates and property costs for businesses so they can sell at reasonable price. you always pay top dollar in a shop simply to pay for their overheads
 
Cruiser said:
scary thought. the government need to bring down rates and property costs for businesses so they can sell at reasonable price. you always pay top dollar in a shop simply to pay for their overheads
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Most likely to bring in a tax for online shopping to bring online prices more in-line with the high streets! Or bring in rate increases for warehouse's.

However there is something massively wrong when its cheaper to ship a CD halfway across the country to my door than it is to drive into town and pay for parking.
 
[TW]Fox;23484248 said:
Contracts are cheaper than PAYG?
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Indeed, unless you use your phone so little you only top up by £10 every other month or something, there is almost certainly a variety of contract that would work out cheaper.
 
Skeeter said:
This. There is no money to be 'made' from closing the high street stores. Its just a cost that can be cut (rent, wages, etc).
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There is sometimes, if you hold a shop in a prime location another retailer will sometimes pay you good money to move out.

Borders Books were paid quite a bit to move out of their Oxford Street store when they were in trouble, before they a actually ceased trading.
 
I doubt a couple of key locations will offset the 200+ generic high street stores they also rent.

Its also not like they can just up and leave, I expect a lot of the properties will have leasing agreements that run for months or years so they would have to shut up shop and then find other people to take over the properties.
 
It would be a shame to see them go as we don't need more people on the dole.

Surely the suppliers can help somewhat? Do better prices for retails shops selling at RRP, have reduced margins for online sellers so they can't discount very much from RRP at all?

The shop I work in gets typical retail margins from suplliers we use often and poorer ones from suppliers we don't use as much.

If you go online you can buy some products for less than we can as a shop as it is bypassing the normal uk channels. We are lucky that people are willing to either pay RRP or meet halfway with a 10-15% discount to keep the sale.

I know the supplier might lose some sales to online sellers but it's got to be better having HMV open and turning over stock at a decent enough rate in the long term?
 
I was in Horsham HMV today buying a DVD for my son.

I couldn't help hear an elderly kicking off at the till because they could no longer order CD's and DVD's. The guy admitted they had a block now on them from suppliers.

Poor old dear wanted a phone number to complain as he suggested ordering online. He was trying to be helpful but many elderly have no idea about ordering online.
 
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