HMV Finally closing down for good?

They have around 235 stores and 4700 staff apparently, that is without the warehouses.
 
It is amazing the world got in to such a financial crisis with business talent like this available to them.
 
In Manchester they have been replaced by Superdry!

Cool shop but overpriced once again.
 
In my job, we supply all Disney, Warner Brothers and IRH client stock to HMV, we haven't sent them any WDSHE/Disney stock in almost a month due to them being on "credit hold" as they haven't paid their bill.

Around a year back, a few of the movie/music companies actually bailed them out, can't see it happening again.

http://www.guardian.co.uk/business/2012/jan/20/hmv-strikes-deal-with-suppliers
 
bluDawg said:
They are too overpriced, I wont miss them if its true.
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Overpriced or not..I be very sad to see them go..:(.

As am always popping in to HMV when I am shopping in town and I normally buy a few of the lastest music CD's from them..
 
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aln said:
Its not a loss from a public perspective when consuming and purchasing music but man I feel sorry for all those people who'll be losing their jobs if its true. Amazon won't be hiring all those people and they'll unlikely to be paying much tax to boot.
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Well it is a loss from a public perspective then isn't it. If people only care about price but not the cost, then they have no right to complain about tax, as they are actively giving them their money.
 
I think that hmv and online are still two different markets at the moment -

online is cheaper for people who can wait 5 odd days for free shipping but people who want that product right now dont mind paying a few pounds more

the problem is that hmv is getting hammered by supermarkets on pricing (who are in hmv's right now market), usually around £3-4 difference on a new release dvd, and as much as £10 out on a single older dvd!
their bluray pricing is insane as well, £20 for a new release!

then they have cut out the only thing that made them unique (a big back catalog) - the amount of shelf space for music and films has halved to be replaced by headphones and tablets ? they should be expanding bluray ranges (still only 2 shelves) not selling iphone covers :confused:
 
In a way it is good, these companies are now feeling the pain they inflicted on the smaller independent when they started popping up everywhere.
 
aln said:
The writing has been on the wall for years. There was nothing stopping the likes of brick and mortar stores to support competitive online business in tandem with their traditional business models. Of course they didn't want to cannibalise their sales when the going was good, so instead they left it for someone else to take a bite outta them. Its just another case of quaterly results getting in the way of good long term business planning.

Game isn't really a good example either. They left the PC gaming market out in the cold and it got picked up by digital distribution in a big way. Instead they hitched themselves to walled garderns which leaves them vulnerable as they only really exist at the pleasure of consle manufacturers. It wouldn't be shock for the next gen to have steam like digital distribution services, which would be another critical blow to games business model.

The traditional TV services will likely fall in the future too. We've already seen Sky become an ISP and just recently they've started offering an online only service which is something you wouldn't have expected a few years ago. That amount of forward thinking seems to be uncomming for big business though.
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The PC gaming market was a small fraction of the overall retail market. It made no sense to keep offering it full support at retail especially given how well suited digital distribution is for pc products.

So they updated the business model as everyone says is needed....
 
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.
 
atpbx said:
In a way it is good, these companies are now feeling the pain they inflicted on the smaller independent when they started popping up everywhere.
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Unfortunately the end of that game will be one or two mega corps and I fail to see how that would be a good thing.
 
Having worked at HMV over Christmas, and had the pleasure of shopping there for many years I feel quite glad in being able to say I'm glad they're closing.

When I worked there we were forced to sell those stupid loyalty cards at £5 a time and in return the points you get don't equal £5 you just spent until you get 10,000 many.

The managers I met were mostly ****s.

and the one time I tried to trade in a PS3, they told me their "expert" couldn't get it to display on their TV (they weren't using a HDMI cable) and everyone who knows anything about technology and PS3's knows you have to reset it if you're not using a HDMI cable.

Took it to Game Station (before they all closed and just became GAME) and the first question they asked was if it had been used with a HDMI cable lol.

Looks like I'll have to resort to iTunes for buying my music from now on, HMV was the only CD shop in Chesterfield
 
Jay794 said:
Having worked at HMV over Christmas, and had the pleasure of shopping there for many years I feel quite glad in being able to say I'm glad they're closing.

When I worked there we were forced to sell those stupid loyalty cards at £5 a time and in return the points you get don't equal £5 you just spent until you get 10,000 many.

The managers I met were mostly ****s.

and the one time I tried to trade in a PS3, they told me their "expert" couldn't get it to display on their TV (they weren't using a HDMI cable) and everyone who knows anything about technology and PS3's knows you have to reset it if you're not using a HDMI cable.

Took it to Game Station (before they all closed and just became GAME) and the first question they asked was if it had been used with a HDMI cable lol.

Looks like I'll have to resort to iTunes for buying my music from now on, HMV was the only CD shop in Chesterfield
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was in HMV over the weekend, they tried to sell me one of those loyalty cards, I said I doubt you will be in business long enough to make it worth my while, the kid behind the till didnt quite know what to say lol
 
Kenai said:
Busy maybe but the queues are rarely very long from my experience.

A lot of browsing and window shopping but not so much actual purchasing.
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This.

I'm in HMV a lot, but honestly can't remember the last time I bought something from there.

HMV will be fine so long as they do a Game and cull all the non profitable areas (highstreet stores). Painful for those who work there, and I hope they get a bit more notice than the 5 minutes some Game staff got, but its just the way things are. If the stores are already running at, or close to, a loss, dropping their prices in the hope it might get a few more sales is going to make things worse, not better.
 
hopefully we'l get more independent stores popping up taking some of the slack, if they price there stuff right as well as have a internet shop they should be able to make a living.

but as iv said in other threads about the high street, large companys 10 years ago saw the internet as a fad, i got told that many times while working for currys, and not just from managers but from md's. they just didnt understand the way the market was working back then and im guessing a lot of them still dont.

next up i can see currys and dsg as a whole having to close a lot more stores and streamline even more than what they already have done or they will go the way of comet.

as for high streets getting worse, IF the rents and rates come down to something reasonable and not the inflated prices they are now we should once again get a few more small local shops that are actually nice to go in, rather than wall to wall charity shop's and greggs. but if the two nearest high st's to me are anything to go by (both run by two different councils) i dont see it happening as yet again they have upped the rates and rents on what they own and im sure the private land lords wont be far behind on the rents.
 
GAC said:
hopefully we'l get more independent stores popping up taking some of the slack, if they price there stuff right as well as have a internet shop they should be able to make a living.

but as iv said in other threads about the high street, large companys 10 years ago saw the internet as a fad, i got told that many times while working for currys, and not just from managers but from md's. they just didnt understand the way the market was working back then and im guessing a lot of them still dont.

next up i can see currys and dsg as a whole having to close a lot more stores and streamline even more than what they already have done or they will go the way of comet.

as for high streets getting worse, IF the rents and rates come down to something reasonable and not the inflated prices they are now we should once again get a few more small local shops that are actually nice to go in, rather than wall to wall charity shop's and greggs. but if the two nearest high st's to me are anything to go by (both run by two different councils) i dont see it happening as yet again they have upped the rates and rents on what they own and im sure the private land lords wont be far behind on the rents.
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It seems to be wall to wall womens clothes and shoe/handbag shops, betting shops and food establishments.
 
Skeeter said:
You mean, like HMV were?
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as in shops that arnt part of a chain and the issues that brings with having loss leading stores just to have a presence in a town, much like what game did having 700 odd stores.

im not saying every town that has a hmv will now have the business for a small independent to setup but im sure a few will and will do very well.
 
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