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-   -   HMV to go into administration (http://www.trekbbs.com/showthread.php?t=200338)

JoeZhang January 14 2013 10:02 PM

HMV to go into administration
 
And another one bits the dust - many a Saturday I would spend looking for items (and then scanning the barcode so that I could buy cheaper on amazon).

lurok January 14 2013 10:55 PM

Re: HMV to go into administration
 
Sad. Especially for workers. I still miss Tower Records, esp the Strip one. :sigh:

Chemahkuu January 14 2013 10:56 PM

Re: HMV to go into administration
 
Better use up my HMV points.

MacLeod January 14 2013 11:10 PM

Re: HMV to go into administration
 
It might live on, online.

ElimParra January 14 2013 11:11 PM

Re: HMV to go into administration
 
I felt sad when I heard that HMV was brought out buy another company here. I knew there was problems then. Anyways, a sad day.

Seven of Five January 14 2013 11:12 PM

Re: HMV to go into administration
 
I used to love going to HMV, but I only shop in there now if I have a gift card. They're just too expensive, and can't compete with the likes of Amazon.


It's a shame for all the staff though.

Relayer1 January 14 2013 11:33 PM

Re: HMV to go into administration
 
No big fan of HMV, but sad that that is the end of High Street music shops.

MickJo1701 January 14 2013 11:38 PM

Re: HMV to go into administration
 
Feel for the staff, I was on the good ship Borders when it sank back in 2009, working in retail during administration is about as worse as it gets. Monumental loss to the industry if it goes under.

billcosby January 14 2013 11:52 PM

Re: HMV to go into administration
 
Soon Walmart will be the only place to get physical copies of anything. I trired supporting HMV before Xmas and I kind of figured this would happen.
Our grandkids will go to 'store' museums one day. "You could hold something before you bought it? Wow!"

Incredible fact from the article: "Despite its troubled position, the retailer still sells 27% of all DVDs and Blu-Ray discs and 38% of the physical music market."
:confused

MickJo1701 January 15 2013 12:10 AM

Re: HMV to go into administration
 
Quote:

billcosby wrote: (Post 7535449)
Soon Walmart will be the only place to get physical copies of anything. I trired supporting HMV before Xmas and I kind of figured this would happen.
Our grandkids will go to 'store' museums one day. "You could hold something before you bought it? Wow!"

Incredible fact from the article: "Despite its troubled position, the retailer still sells 27% of all DVDs and Blu-Ray discs and 38% of the physical music market."
:confused

http://www.bbc.co.uk/news/business-21021073

In this article it says that 73.4% of music and film are downloaded now, I guess only selling 30-40% of the remaining 27% isn't going to keep a business as big as HMV viably profitable.

wissaboo January 15 2013 12:14 AM

Re: HMV to go into administration
 
noooo I have season 4 of tng on order there

Mooch January 15 2013 03:00 AM

Re: HMV to go into administration
 
Quote:

wissaboo wrote: (Post 7535587)
noooo I have season 4 of tng on order there

HMV Canada is unaffected by this, it was split off in 2011.

stoneroses January 15 2013 03:58 AM

Re: HMV to go into administration
 
Very sad as you can see on this graphic it has been coming for a long time: http://www.dailymail.co.uk/money/mar...istrators.html
I have seen our price go, then tower, then virgin who became zavi then went. Hmv who sold waterstones a couple of years back have dropped like a stone. Amazon who are based in Ireland and jersey to keep taxes low mean high street stores cannot compete. Then there was mp3 which iTunes and others cained them on. Electrical goods never paid off for them. Now the banks have pulled the plug they will follow comet, woolworths(uk) Jessops and the others into the history books, only question is is who is next?

Steven321 January 15 2013 04:06 AM

Re: HMV to go into administration
 
I used to work at WHSmith next door to an HMV, I went in there a few times on my dinner breaks (about 2 years ago now) and even then a lot of the staff told me that they were concerned about their job security, at the time then it wasn't great either and they could have been in this situation then.

As long as there is music and movies etc available to download from the Internet, stores like this will continue to decline and go out of business.

billcosby January 15 2013 05:04 AM

Re: HMV to go into administration
 
Quote:

Mooch wrote: (Post 7536268)
Quote:

wissaboo wrote: (Post 7535587)
noooo I have season 4 of tng on order there

HMV Canada is unaffected by this, it was split off in 2011.

Indeed, according to their Twitter feed, HMV Canada did decent sales this Xmas season.


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