Kerbdog:
Most people don’t buy what HMV sell, they just download it illegally. The same people go into Starbucks and pay £3.50 for a coffee !
You can even go into starbucks pay £3.50 for a coffee and while your drinking it use the free wifi to download the CD, you could have just paid £10 for at HMV
Okay from our side of the fence probably not to many job losses in warehousing/transport on this one
The big question though is which traditional retailer is next and this one I think will have a bigger impact for both warehousing and drivers, this one does your sat navs bikes and in car entertainment and has been issuing struggling statements for the last 3 years
I hear Hal has brought a couple of Fords?
Well if true I won’t be surprised! Went to one looking for a centre brake light bulb for my Ford and one of their fitters for a £3.99 fit job ended up costing them £117 to replace!
All because the fitter didn’t listen!
I know downloads are the main problem but also the supermarkets haven’t helped there plight. I often pick up a cd or DVD when shopping as I’m passing and there often very reasonably priced.
Only time I purchased stuff from hmv was when they had them of special offer. Karma in a way as the hmv virgin megastore etc brands killed off the independent record stores.
bazza123:
I suppose the same is true of Game - the same things can be had a bit cheaper from play.com etc.
Do keep up my dear fellow…play.com is closing in March.
Well I didn’t know that! Something to do with VAT it says on Wiki.
Kerbdog:
The whole music industry is a victim of itself. Just before downloading became an issue all the shops were selling CD’s at close to £15 (I know because I used to buy them a lot). If you remember there was a hoo hah because it only costs £1 to make and manufacture the CD and get it to the shops. Then the music industry didn’t act fast enough with regards to illegal downloading. Now it’s around 70p per track to download songs you want. 3 chart CD’s in ASDA for £20 all of a sudden. If they hadn’t ripped everyone off in the first place then they wouldn’t be so much of a victim later on when technology moved on. A Vinyl LP was always either £4.99 or £5.99. The CD came out and straight away the price was £11.99. It’s like anything, people/companies are greedy when they can get away with something.
Exactly. People haven’t forgotten how much they were paying for CD’s etc, and illegally downloading music still isn’t really seen as a bad thing in the same way as, say, drink driving has become. As much as the music and film industry want us to hate pirated copies of music and films, most people IMHO don’t really give a [zb].
That hasn’t really helped the likes of HMV etc.
Even in the 1970’s and 80’s it was usually more common to just use a decent cassete deck and hi fi system to record music from the radio.Given good FM reception and the later chrome and metal type tapes there’s no real noticeable difference between the reproduction compared to CD etc.Which became even better when digital radio through the sattelite or cable tv systems was introduced.But there weren’t many poor music stars or producers probably just from the royalties they got from the radio broadcasters.
Used to be great fun trying to press pause before the dj started talking over it.
twozuluzlu:
all very sad ,but the former ceo simon fox has a lot to annswer for , not reacting to the maket quick enough.
i dont think he will loose to much sleep,typical greasy pole management style I.E following the sheep, pocketing the cash , walking away leaving a train wreck of a company.
see link. spreadbetmagazine.com/blog/
thing is the bloke that took over from Fox was Trevor Moor ,boss of Jessops ,another company that went under in the last few weeks because they didn’t react to changing markets
As technology gets ore advanced , more people will lose their jobs, how many men do u replace doing deliveries with a hiab , stuff that would of required several men to load & unload , one day we won’t exist …
kr79:
I know downloads are the main problem but also the supermarkets haven’t helped there plight. I often pick up a cd or DVD when shopping as I’m passing and there often very reasonably priced.
Only time I purchased stuff from hmv was when they had them of special offer. Karma in a way as the hmv virgin megastore etc brands killed off the independent record stores.
HMV are just another name on the list of businesses of all kinds to have failed in the past few years.
Surely it’s obvious that something is fundamentally wrong with the financial model we all seem to be striving for. The constant race to the bottom that all businesses are competing in to keep prices artificially low only ends up in failure sooner or later.
kemaro:
As technology gets ore advanced , more people will lose their jobs, how many men do u replace doing deliveries with a hiab , stuff that would of required several men to load & unload , one day we won’t exist …
long before hiabs were invented there were jcb,s and drotts and 360 excavators, how many roadworkers and groundworkers did they put out of work. its progression they say
I dont think its all down to downloads,
HMV dispatched stuff cheap from Jersey
Instore there stock was dismal
hardly any country music just the crossover pop stuff in the last few years
Had rumours that they were in the ZB last year
a MMTM story
You know who wont be going into administration anytime soon is Deloitte, they’ll be taking on more staff at this rate. Blockbuster is long time redundant, technology overtook it about 4-5 years ago with netflix,skymovies,xbox movies and illegal downloading, blockbuster will not survive. But i actually think HMV will survive in some capacity i think they will keep a few flagship stores and bin the rest.
Who is next they are dropping like flys and its only 16 days into the new year.
B1 GGK:
Granny who sells the Apples, her uncle William Harold will be next
Top dog there ruined the Post Office in the noughties and now seems to have done the same at “William Harold” too!
Personally I dont think that this one to watch for trouble, as although there revenue has dropped they are still making a healthy profit and they have not issued any profit warning over the last few years which is usually the real marker for troubled waters ahead.
merc0447:
You know who wont be going into administration anytime soon is Deloitte, they’ll be taking on more staff at this rate. Blockbuster is long time redundant, technology overtook it about 4-5 years ago with netflix,skymovies,xbox movies and illegal downloading, blockbuster will not survive. But i actually think HMV will survive in some capacity i think they will keep a few flagship stores and bin the rest.
Who is next they are dropping like flys and its only 16 days into the new year.
There’s talk that the record industry might come together to keep HMV going, as without them the big players in music are basically amazon and iTunes, and the industry don’t want it to go to them.
