Hmv reveals sales figures
linkinpark875
Posts: 29,701 Forum Member
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Seems they are back on track:
http://m.retail-week.com/5062086.article
HMV reveals UK sales of £470m in first year out of administration
Along wth a successful rebrand of Clintons and Game. Shows sow businesses can be turned around however ones like Blockbuster were a lost cause.
http://m.retail-week.com/5062086.article
HMV reveals UK sales of £470m in first year out of administration
Along wth a successful rebrand of Clintons and Game. Shows sow businesses can be turned around however ones like Blockbuster were a lost cause.
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http://www.retail-week.com/sectors/entertainment/hmv-reveals-uk-sales-of-470m-in-first-year-out-of-administration/5062086.article
This is an interesting proposal as well ..
I do think the high street needs a business like HMV.
Most towns and cities now have CEX which makes HMV a dinosaur business model. Cheaper goods and wider choice.
Edit: I hope they learn from their past mistake of charging the maximum price for everything. Although, they must have if their profits are increasing. I've always thought HMV were great though, because they had tons of DVDs for you to choose from.
Other than the second hand tat the stuff in CEX is massively overpriced, most of their new stock is full RRP, and even the second hand stuff is not great, I've regularly seen things second hand in CEX for more than you could buy them new for from HMV or Head.
*closes tab*
because, obviously, they're second hand. I know CEX do do some "new" items but their business model is second hand sales.
I personally have no objection to second hand goods but I know plenty of people would prefer new
did the link I posted not work then ?
Not for me.
To be honest sales figures mean nothing without knowing costs and profit/loss.
Don't they both have the same business model: sell stuff for more than they pay for it?
It would be very weird if CEX sold things for a loss.
Ah, I misread the title. I very quickly skimmed across it and thought it said profits.
A lot of people don't want second hand manky goods though. I certainly don't! Just the smell of a CEX shop is enough to make me barf!
I don't mind shopping in CeX at all when at the Metro. Allt that matters to me is that the packaging looks in great condition and the bottom of the disc looks clean enough. In other words, virtually no scratches. No scratches at all would be even better though.If it all looks good enough, I don't care at all.
No, it didn't:
CEX doesn't sell music does it? I do miss the days of high streets full of HMV, Our Price, Virgin, Tower Records, Borders...
I don't see the point in offering a free download version with a physical purchase. People can easily rip the CD themselves at higher quality.
To hell with the likes of HMV and Virgin. I miss the days of high streets full of independent music stores.
Not everybody wants second hand items though.
Generally speaking indie record stores were never on the high streets in the last 30-40 years. Sidestreets and back streets, yes while Woolies, WHSmith, Our Price, Virgin, HMV etc dominated the high street.
You know what I meant
It was the chain stores that put the independent stores out of business, now the Internet is doing much the same to the chain stores. It's all rather ironic.
I don't know what it was like before the 90s when I started buying music but I always found the larger stores had a MUCH better selection than the small independent ones. Don't see the appeal.
a lot of CEX branches are bringing back CD's at the moment. it also depends on the area as well - if physical music sells well in one particular area then the CEX branch will have more of it.
True, but not everyone would necessarily be technically savvy enough to rip a CD I suppose. And it's the convenience factor as well - if they're given a link to the ready-ripped album to download with their physical purchase, it might be a more tempting option.
We must have been behind the times in Western Northern Ireland as we still had all the independent stores in the 90s
I remember one where the staff were brilliant, knowledgeable and friendly; and it was a social experience to go into the shop.
I have never had that experience in HMV.