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Level 64: Magistrate
Posts: 13,509
Registered: ‎31-03-2010

HMV Calls In The Administrators

The end of an era

https://www.bbc.com/news/business-46699290

I DO NOT WORK FOR O2



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Anonymous
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Re: HMV Calls In The Administrators

Again
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Level 64: Magistrate
Posts: 13,509
Registered: ‎31-03-2010

Re: HMV Calls In The Administrators

Yes it is for the second time @Anonymous, but I think this time it's for keeps.

I DO NOT WORK FOR O2



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Posts: 2,792
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Registered: ‎25-10-2010

Re: HMV Calls In The Administrators

A few years ago (about 2008) whilst browsing in HMV looking for some obscure things, I overheard a brief conversation between a couple of girls which basically said "I can download that for free from the internet". Which more or less sums up why shops selling physical media were on a loser because the younger generation regards any sort of media valueless consequently rating the artists work as zero and have no intention of buying anything. No sales = studios only putting money into things that will sell which means rehashing the same old formats time and time again.

 

Yes, streaming is one of the biggest killers of physical media stores but the article mentions the other silent killer of business rates and rents that have been increasing forcing shops to shut down on top of the reducing footfall in towns. What didn't help HMV's cause was the actual rip-off prices (I'm talking pre-Amazon) and their own website which was worse for items than the shops!

 

Though I'll miss browsing around in the world, anime and TV boxset sections as well the music that got louder the closer to the till you got!

 

 

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Level 28: Ingenious
Posts: 4,350
Registered: ‎03-08-2018

Re: HMV Calls In The Administrators

Read that too ~ I like music very much. 

The 45rpm's records were too expensive for me to buy never mind the LP's 

Possibly the recording Companies have had their day. 

They made millions from Artists ~ not well up on this but I believe they even ripped off the Artists at that time? 

Then the little tapes and the CDs very expensive.

HMV?   I won't shed a tear for them.  



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Posts: 79,552
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Registered: ‎14-01-2013

Re: HMV Calls In The Administrators

It is confusing.

On the news this evening they mentioned the previous issues in 2013, then went on to show 2018 figures which are a vast improvement on 2017.

I suppose it was just a matter of time before the inevitable happened. Smiley Sad

*The Game Is On*

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Re: HMV Calls In The Administrators

[ Edited ]

I used to be one of HMV's best customers as I bought my  DVDs and cassettes, later CDs in their flagship Oxford Street store, and my local shop. Then I shopped in the nearest HMV shop to me, after their troubles in 2013 and the closure of so many stores in London, including my local shop. . 

 

Then I found Amazon, which was not only cheaper but had a better selection of films and music, the latter which I began downloading rather than buying CDs. 

 

You mention their rip-off prices @sheepdog and I totally agree with you on that. An example, HMV wanted nearly £300 for the complete series of 24, that Amazon were selling for under £100. That was my introduction to Amazon and I've never looked back.

 

HMV did begin to reduce their prices but it was too little to late and the ability to stream films and TV shows, as well as music, sealed their fate and signed their death warrant. 

 

Another well-known name gone from the High Street.

Lover of all things Samsung. Currently using Samsung Galaxy S10 Plus 128gb


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Level 13: Prompter
Posts: 936
Registered: ‎22-01-2014

Re: HMV Calls In The Administrators

Always sad to see another big name in trouble on the high street. Surly though, they did not do enough to keep up with the latest trends and enter the <now establised> streaming market. Hard to see what a business case is these days for this type of highstreet shop though.

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Level 28: Ingenious
Posts: 4,350
Registered: ‎03-08-2018

Re: HMV Calls In The Administrators


@dgilbert2 wrote:

Always sad to see another big name in trouble on the high street. Surly though, they did not do enough to keep up with the latest trends and enter the <now establised> streaming market. Hard to see what a business case is these days for this type of highstreet shop though.


Such a "cushy number" (sorry for the pun) for so long

they forgot to move on Don't know



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Level 13: Prompter
Posts: 936
Registered: ‎22-01-2014

Re: HMV Calls In The Administrators

[ Edited ]

@TallTrees wrote:
Such a "cushy number" (sorry for the pun) for so long they forgot to move on Don't know

Management arrogance of not listening, or being tuned in to its customers!? dizzy