HMV Finally closing down for good?

It doesn't make sense HMV's stores are too large, it would require a horrifically long time to save it at the moment if they want to go further down the gig, special event path. (which is the only thing that will keep it afloat)
 
Jokester said:
What’s he upto? Seems to be buying up the high street, is he expecting tax regime changes to level the playing field with Amazon and the like and is picking stuff up on the cheap in the meanwhile?
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Well it’s something he’s literally been pleading for in the commons select committee.
 
Article I've just read says he owns a stake in Game, so potential for a merge.

If anything it looks like he's just streamlining businesses. Rather than have just house of fraser under one roof, you can buy your cds/dvds in one corner, your xbox/ps4 games in another corner, and the other corner can be reserved for your bargain sportswear.
 
That doesn't really save the high street though, and it'd mean a lot of extra closed stores that are doing fine. No way other board members go for that.

Fundamentally these stores don't have much life left in them regardless of streamlining, out-of-town parks are still far superior for the majority of people.
 
I see a shirtless Mike Ashley has thundered through the breach riding his mythical unicorn and wielding his sword +1 vs stricken high street businesses. Will be interested to see what his long term plan is because he seems to be taking on a lot of liability recently. Though I suppose I'd prefer him to have a shot at turning HMV around if the alternative is losing the brand anyway.
 
Jokester said:
What’s he upto? Seems to be buying up the high street, is he expecting tax regime changes to level the playing field with Amazon and the like and is picking stuff up on the cheap in the meanwhile?
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Thats what he has been calling for.

Quite frankly when the MP select committee questioned him about HOF they came across as clueless, it is no wonder the high-street is in crisis, Ashley schooled them tbh and i'm not that fond of the guy.
 
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How come none of these large companies seem to own the buildings they use? Wouldn't it make sense long term instead of renting them? Surely the monthly mortgage payments would be about the same.
 
sanaxe1 said:
How come none of these large companies seem to own the buildings they use? Wouldn't it make sense long term instead of renting them? Surely the monthly mortgage payments would be about the same.
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Huge upfront cost to buy, if the store fails you are left with a failing store in a failing high-street in which the building is now worth 1/4 of what it was and no-one wants to buy.

If you rent you simply walk away when your contract ends and setup shop in a more profitable area.
 
Personally I think where HMV went wrong the 6 years ago when they went into administration was not getting in on the digital media like amazon and places like that do now
 
hawko_44 said:
I'm pretty sure I read something about him making and offer for Debenhams and that he thinks they should merge with house of fraser.
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Yeah, not sure it would be such a bad idea in all honesty. Last time I went to Debenhams it was a shell of it's former self. It actually looked more like a sports direct than the debenhams I used to know.
Stuff slung all over the place.
 
TheOracle said:
Yeah, not sure it would be such a bad idea in all honesty. Last time I went to Debenhams it was a shell of it's former self. It actually looked more like a sports direct than the debenhams I used to know.
Stuff slung all over the place.
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Would probably be a good idea as Debenhams is just like a bad Selfridges these days. Always find the amount of people in there for the size of their stores doesn't seem great.
 
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