[soapfan_1973]

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

[Steveaustin316]

Sad news indeed.

How long will the stores stay open for?

[hot.like.fire]

No shock really. Just surprised its took this long . I havnt really shopped there in ages, i found it far too expensive. Sad tho

[soapfan_1973]

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

[LudwigVonDrake]

Sad sad news, there is nowhere left in most high streets to buy music these days. Hope they can be salvaged.

[geordielady]

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.

[Hit Em Up Style]

HMV only have themselves to blame. Its very sad but they just refused to adapt to the changes in the retail market.

[Bex.]

Originally Posted by Steveaustin316

Sad news indeed.

How long will the stores stay open for?

depends.. Jessops closed pretty much straight away

[Dan Sette]

Originally Posted by Hit Em Up Style

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.

[soapfan_1973]

you do realise that Trevor Moore the CEO of HMV used to be the CEO of Jessops

[Hit Em Up Style]

Originally Posted by Dan Sette

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.

[popprincess5678]

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.

[Harper_Milne]

*pats HMV on the head*

[geordielady]

Originally Posted by popprincess5678

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

[TTMax]

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

[Hit Em Up Style]

Originally Posted by TTMax

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.

[Clarkie66]

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.

[sparkle22]

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.

[popprincess5678]

Originally Posted by TTMax

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.

[LudwigVonDrake]

Originally Posted by Hit Em Up Style

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.

[cnbcwatcher]

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.

[Dan Sette]

Originally Posted by sparkle22

hmv were basically too greedy in not having their prices low enough.

It's a little more complex than "being greedy"

[mimicole]

I liked HMV a lot but the prices were ridiculous. They had time to change, and they didn't.

Goodbye HMV.

[IzzyS]

Originally Posted by TTMax

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.

[matwood]

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