HMV Going into Admin

[Kardan]

Is all this stuff happening because HMV etc is simply rubbish? Or is it because people are downloading their music online so they dont have as much service?
Anyway, sad to see it dying.

A mixture of both I presume. It doesn't help that their stuff is way, way expensive. Why would you shop somewhere when you can get it cheaper somewhere else?

[Jorders]

People seem to be blaming it on cheaper online alternatives. But also shops like ASDA and Tesco being cheaper. Its all going to become part of this 'Britain is losing its high street' argument. But if the high streets can't compete then thats just like evolution weeding out something that isn't needed anymore. Besides, the high street where I live is **** anyway, the only time I have ever really wanted to go to town was when I was about 14 and it was Saturday. If I ever actually want to go to proper shops its always been a case of gettin the train to one of the nearby city centres or driving to somewhere like the Trafford Centre...

[Chippiewill]

What I don't understand is why these businesses refuse to adapt.

There's no point, high street retailing is their niche. Online, Amazon will beat them 9 times out of 10 on price and profit margin.

HMV should have gone down years ago to be honest, it's only through the loss of Virgin Megastores that they've staved it off this long. As always it'll be the super markets like tescos and asda that benefit from this.

[Aiden]

Its all about iTunes though... :/ Never brought anything from HMV anyway.

[SackRace]

Received 2 HMV £10 gift-cards at Christmas. Went in today and they didn't accept them, was pretty annoyed.

[Jorders]

I heard that HMV did try some sort of online distribution service and it failed massively.

Just looking into HMV on wiki and apparently it stands for 'His Masters Voice' which is kinda odd sounding to be honest. Always thought it meant Hifi Music and Video or something like that...

[Plebings]

They should have copied Game's plan. Shutting down most branches, expanding their online business and buying in a wider range of stock. Shops are a thing of the past. People still go to things like clothes shops because you benefit from seeing clothing in real life and trying it on, but in the future this won't be necessary and I'd expect entire business districts to go dark...

Well, at least we'll have space for housing projects spawned by rampant population growth.

What I don't understand is why these businesses refuse to adapt.

sounds like they will be shutting half their branches, went into fopp as well who is owned by hmv, they sound rather positive that even if hmv goes down, fopp will likely be bought by another company as they actually make a profit apparently, though i'm cynical as half their stock comes from hmv, and will labels still put up with having to majorly cut down prices for them, will labels have to increase the cost due to lack of demand for physical anyway?

[dbgtz]

Hopefully it doesn't go under, there's bugger all else around which actually sells a good range of dvds and I don't want to rely on the internet.

[zombies]

don't think i've ever shopped in HMV.

[Nige]

I'm pretty sure someone will buy out HMV.
Although new online shopping websites such as Amazon are most likely taking away their business.