Digital Spy

Search Digital Spy
 

DS Forums

 
 
 

HMV to go into administration :(


Reply
Thread Tools Search this Thread
Old 14-01-2013, 20:09
soapfan_1973
Forum Member
 
Join Date: Feb 2009
Location: Birmingham
Posts: 2,252

Just breaking in the last few minutes. looks like HMV are calling in Deloitte and going into administration after suppliers refused their call for a lifeline Very sad day again for the music retails industry

http://www.ft.com/cms/s/0/c4096aee-5...44feab49a.html
soapfan_1973 is offline   Reply With Quote
Please sign in or register to remove this advertisement.
Old 14-01-2013, 20:13
Steveaustin316
Inactive Member
 
Join Date: May 2012
Posts: 10,296
Sad news indeed.

How long will the stores stay open for?
Steveaustin316 is offline   Reply With Quote
Old 14-01-2013, 20:14
hot.like.fire
Forum Member
 
Join Date: Jan 2006
Location: Scotland
Posts: 1,124
No shock really. Just surprised its took this long . I havnt really shopped there in ages, i found it far too expensive. Sad tho
hot.like.fire is offline   Reply With Quote
Old 14-01-2013, 20:16
soapfan_1973
Forum Member
 
Join Date: Feb 2009
Location: Birmingham
Posts: 2,252
not really sure on how long the stores will stay open but if you have an gift cards or vouchers then I would suggest using them as fast as possible
soapfan_1973 is offline   Reply With Quote
Old 14-01-2013, 20:17
LudwigVonDrake
Forum Member
 
Join Date: Apr 2006
Location: Blaine Anderson's locker
Posts: 5,538
Sad sad news, there is nowhere left in most high streets to buy music these days. Hope they can be salvaged.
LudwigVonDrake is offline   Reply With Quote
Old 14-01-2013, 20:24
geordielady
Forum Member
 
Join Date: Sep 2010
Posts: 9,850
Best avoid ordering anything off their website as well, no saying your get it. Play.com are also going as well.

It wont be long before Amazon and supermarlets will be the only place to buy music/DVD/blu rays and the like.

Sad state of the UK.
geordielady is offline   Reply With Quote
Old 14-01-2013, 20:26
Hit Em Up Style
Forum Member
 
Join Date: Feb 2005
Location: Cell Block H
Posts: 10,691
HMV only have themselves to blame. Its very sad but they just refused to adapt to the changes in the retail market.
Hit Em Up Style is offline   Reply With Quote
Old 14-01-2013, 20:28
Bex.
Forum Member
 
Join Date: Sep 2009
Location: Mourning Dair
Posts: 22,021
Sad news indeed.

How long will the stores stay open for?
depends.. Jessops closed pretty much straight away
Bex. is offline   Reply With Quote
Old 14-01-2013, 20:29
Dan Sette
Forum Member
 
Join Date: Oct 2005
Location: Cornwall (at last!)
Posts: 4,957
HMV only have themselves to blame. Its very sad but they just refused to adapt to the changes in the retail market.
Difficult to know how they could adapt. It's a shop. It sold things. On racks.
Dan Sette is offline   Reply With Quote
Old 14-01-2013, 20:31
soapfan_1973
Forum Member
 
Join Date: Feb 2009
Location: Birmingham
Posts: 2,252
you do realise that Trevor Moore the CEO of HMV used to be the CEO of Jessops
soapfan_1973 is offline   Reply With Quote
Old 14-01-2013, 20:32
Hit Em Up Style
Forum Member
 
Join Date: Feb 2005
Location: Cell Block H
Posts: 10,691
Difficult to know how they could adapt. It's a shop. It sold things. On racks.
Its very easy to adapt to changes. However all HMV did was push its prices up further rather than finding ways to compete with its rivals.

Everyone knows HMV was too expensive.
Hit Em Up Style is offline   Reply With Quote
Old 14-01-2013, 20:33
popprincess5678
Forum Member
 
Join Date: Apr 2011
Posts: 359
Its mixed news for me, I hate seeing all these shops closing that have been around all my life, but the prices in there were ridiculous, I remember going in years ago to get the deluxe edition of Kylies Aphrodite and it was 19.99, same thing was in Tesco for 12.

But I do hate the thought of boarded up shops on the high street, I used to be able to spend all day in town browsing the shops now I can go in the ones I want to in around an hour.
popprincess5678 is offline   Reply With Quote
Old 14-01-2013, 20:34
Harper_Milne
Forum Member
 
Join Date: Mar 2011
Posts: 2,329
*pats HMV on the head*
Harper_Milne is offline   Reply With Quote
Old 14-01-2013, 20:36
geordielady
Forum Member
 
Join Date: Sep 2010
Posts: 9,850
Its mixed news for me, I hate seeing all these shops closing that have been around all my life, but the prices in there were ridiculous, I remember going in years ago to get the deluxe edition of Kylies Aphrodite and it was 19.99, same thing was in Tesco for 12.

But I do hate the thought of boarded up shops on the high street, I used to be able to spend all day in town browsing the shops now I can go in the ones I want to in around an hour.
Town centres will be ghost towns in the next 5 years, it will be all online and going to out of town retailers, which is what many people are already doing now. I love my local shops but find it more difficult to support them as much as I like as the hassle of getting into into town, parking fees e.t.c, its just too much hassle
geordielady is offline   Reply With Quote
Old 14-01-2013, 20:40
TTMax
Forum Member
 
Join Date: Oct 2011
Location: London
Posts: 247
It's amazing that even being the last major chain to sell physical music products, they still couldn't compete with Tesco, iTunes and Amazon. It is sad, but who actually buys CDs DVDs and even Blu-rays these days, and who would pay more on the high street rather than click on a website. Sad for the high street, but the general consumer hardly cares
TTMax is offline   Reply With Quote
Old 14-01-2013, 20:43
Hit Em Up Style
Forum Member
 
Join Date: Feb 2005
Location: Cell Block H
Posts: 10,691
It's amazing that even being the last major chain to sell physical music products, they still couldn't compete with Tesco, iTunes and Amazon. It is sad, but who actually buys CDs DVDs and even Blu-rays these days, and who would pay more on the high street rather than click on a website. Sad for the high street, but the general consumer hardly cares
I think supermarkets need ristrictions on what they can sell. Its the only way highstreet shops are going to survive.
Hit Em Up Style is offline   Reply With Quote
Old 14-01-2013, 20:46
Clarkie66
Forum Member
 
Join Date: May 2011
Posts: 1,885
Very sad news. It's nice to have somewhere to browse for CDs and DVDs rather than buying them over the Internet but I suppose, with their staff and overheads, they can't compete on price. I expect overall music sales will fall as a result as I am less likely to buy a CD as a gift from Amazon etc as it would no longer be easy to exchange it if the recipient had it already.
Clarkie66 is offline   Reply With Quote
Old 14-01-2013, 20:46
sparkle22
Forum Member
 
Join Date: May 2011
Posts: 1,037
hmv were basically too greedy in not having their prices low enough maybe someone will open up a new music shop.
Seems like there is a gap in the market for it problem with the hmv where I live is they focused on video games & dvds.
More so than music.
sparkle22 is offline   Reply With Quote
Old 14-01-2013, 20:46
popprincess5678
Forum Member
 
Join Date: Apr 2011
Posts: 359
It's amazing that even being the last major chain to sell physical music products, they still couldn't compete with Tesco, iTunes and Amazon. It is sad, but who actually buys CDs DVDs and even Blu-rays these days, and who would pay more on the high street rather than click on a website. Sad for the high street, but the general consumer hardly cares
I must be an old relic as I still buy cds and dvds.
popprincess5678 is offline   Reply With Quote
Old 14-01-2013, 20:48
LudwigVonDrake
Forum Member
 
Join Date: Apr 2006
Location: Blaine Anderson's locker
Posts: 5,538
I think supermarkets need ristrictions on what they can sell. Its the only way highstreet shops are going to survive.
You could argue its too late for that. They've seen off Index, Woolies, Birthdays, Jessops and possibly HMV. (To name a few).

Guess the only ones left are their own competitors.
LudwigVonDrake is offline   Reply With Quote
Old 14-01-2013, 20:48
cnbcwatcher
Forum Member
 
Join Date: Sep 2008
Location: Avoiding Labour Law lecturers
Posts: 49,714
Sad day for the British high street We'll all be doing our shopping in discount stores, supermarkets and Cash Converters in a few years time. I hope they can be saved somehow.
cnbcwatcher is offline   Reply With Quote
Old 14-01-2013, 20:52
Dan Sette
Forum Member
 
Join Date: Oct 2005
Location: Cornwall (at last!)
Posts: 4,957
hmv were basically too greedy in not having their prices low enough.
It's a little more complex than "being greedy"
Dan Sette is offline   Reply With Quote
Old 14-01-2013, 20:52
mimicole
Forum Member
 
Join Date: Jan 2010
Posts: 33,759
I liked HMV a lot but the prices were ridiculous. They had time to change, and they didn't.

Goodbye HMV.
mimicole is offline   Reply With Quote
Old 14-01-2013, 20:52
IzzyS
Forum Member
 
Join Date: May 2006
Location: Scotland
Posts: 8,349
It's amazing that even being the last major chain to sell physical music products, they still couldn't compete with Tesco, iTunes and Amazon. It is sad, but who actually buys CDs DVDs and even Blu-rays these days, and who would pay more on the high street rather than click on a website. Sad for the high street, but the general consumer hardly cares
I buy CDs - you can sometimes get second hand CDs cheaper than digital downloads via Amazon etc. and you can play them in your car, flick through the booklet etc unlike with digital downloads.

Maybe if they sold cheaper second hand CDs, they might have made some extra money in that?. I'm definitely sad to hear its going though their prices were too high but I liked seeing it on the high street and being able to browse through the rack - if you really wanted something in a rush then you could probably find it there, rather than having to wait on an online order I suppose...it was/is a very British brand. Now we've lost Our Price, Virgin Megastores, TOTP and this, whats left? shame.
IzzyS is offline   Reply With Quote
Old 14-01-2013, 20:55
matwood
Forum Member
 
Join Date: May 2003
Location: Southsea
Posts: 1,844
Larger hmv's do sell pre-owned CD's and DVD's, and have done for a while - so that evidently hasn't worked either
matwood is offline   Reply With Quote
 
Reply



Thread Tools Search this Thread
Search this Thread:

Advanced Search

 
Forum Jump


All times are GMT +1. The time now is 02:22.