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Old January 15 2013, 03:58 AM   #13
stoneroses
Rear Admiral
 
Location: Herford, Germany
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?
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