HMV to go into administration

Discussion in 'Miscellaneous' started by JoeZhang, Jan 14, 2013.

  1. JoeZhang

    JoeZhang Vice Admiral Admiral

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    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).
     
  2. lurok

    lurok Rear Admiral Rear Admiral

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    Sad. Especially for workers. I still miss Tower Records, esp the Strip one. :sigh:
     
  3. Chemahkuu

    Chemahkuu Admiral Admiral

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    Better use up my HMV points.
     
  4. MacLeod

    MacLeod Admiral Admiral

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    It might live on, online.
     
  5. ElimParra

    ElimParra Fleet Admiral Admiral

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    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.
     
  6. Seven of Five

    Seven of Five Rear Admiral Rear Admiral

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    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.
     
    Last edited: Jan 14, 2013
  7. Relayer1

    Relayer1 Rear Admiral Rear Admiral

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    No big fan of HMV, but sad that that is the end of High Street music shops.
     
  8. MickJo1701

    MickJo1701 Commander Red Shirt

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    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.
     
  9. billcosby

    billcosby Commodore Commodore

    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
     
  10. MickJo1701

    MickJo1701 Commander Red Shirt

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    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.
     
  11. wissaboo

    wissaboo Fleet Captain Fleet Captain

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    canada
    noooo I have season 4 of tng on order there
     
  12. Mooch

    Mooch Fleet Captain Fleet Captain

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

    stoneroses Rear Admiral Rear Admiral

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    Very sad as you can see on this graphic it has been coming for a long time: http://www.dailymail.co.uk/money/ma...ruggling-retailer-HMV-set-administrators.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?
     
  14. Steven321

    Steven321 Ensign Red Shirt

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    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.
     
  15. billcosby

    billcosby Commodore Commodore

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

    Starkers Admiral Admiral

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    Well the Jersey loophole is being closed (maybe too late for HMV) and Play for one are folding up their tents.

    Thing is I don't have a lot of sympathy for HMV, I remember back in the day (the day being the mid to late ninties/early noughties) before online shopping became the norm, and HMV was always expensive. I pretty much used to always end up buying at Virgin because most of the time it was cheaper.

    I also wonder if they didn't get a bit big for their boots during the good times. It's only a couple of years ago that there were three HMV stores in Nottingham, plus FOPP once they bought its store in Nottingham as well. I thought it was madness at the time. They stripped down to one store and FOPP but too late I think.

    It is sad though. will there be much of a Highstreet left soon?
     
  17. Starkers

    Starkers Admiral Admiral

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    Robert Peston makes some interesting points here maybe HMV won't dissapear from the highstreet completely?
     
  18. WillsBabe

    WillsBabe Vice Admiral Admiral

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    Dec 27, 2002
    HMV was a staple of my youth but lately I could never be bothered to go in. Too, too expensive. Still, it's sad to see all those people lose their jobs. And at Jessops, too.
     
  19. Pingfah

    Pingfah Fleet Admiral Admiral

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    Well, this is good news for independent record shops at any rate, hopefully this will push some of the remaining business back their way. HMV and the other giant music retailers did take it off them in the first place, after all.
     
  20. Shazam!

    Shazam! Rear Admiral Rear Admiral

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    Well didn't GAME enter administration? They still have stores dotted around.