HMV Going into Admin

[AlexJRiley]

So HMV has been set to go into admin for over a month announcing problems for the month long sale through december. Source: http://www.bbc.co.uk/news/business-21021073

So my local HMV have set a sale for nearly everything at 25% off so its safe to say that they're going into admin very soon.

[peteyt]

I hope they are saved. As much as I love online shopping to me it still can't beat being able to go into a store, look at what you want, buy it and go home with it on the same day.

[RyRy]

Another one bites the dust. They'll get saved but have very few stores open, and will shift more focus onto their online department.

[Plebings]

i'm a bit worried on the effect it'll have on physicals in general. sad that play.com has also gone under.

[RyRy]

i'm a bit worried on the effect it'll have on physicals in general. sad that play.com has also gone under.

It hasn't gone under in the same manner HMV is going though. They just wouldn't have sustained a profit going forward in their current business model so they had to adapt!

[peteyt]

i'm a bit worried on the effect it'll have on physicals in general. sad that play.com has also gone under.

Didn't hear about that just had to look it up. It's annoying as one of the things I liked about play.com was that a lot of the cheap deals where actually from play.com themselves. I have nothing wrong with buying from other users and have done before, but it's nice to get them from the site itself sometimes.

[FlyingJesus]

Long overdue tbh, thought this would have happened years ago. If you fail to update (especially in the electronics market) you're gonna go down. Should have taken the hint from Blockbuster

[Plebings]

It hasn't gone under in the same manner HMV is going though. They just wouldn't have sustained a profit going forward in their current business model so they had to adapt!

yeah, mistake on my part!

---------- Post added 15-01-2013 at 12:39 AM ----------

Didn't hear about that just had to look it up. It's annoying as one of the things I liked about play.com was that a lot of the cheap deals where actually from play.com themselves. I have nothing wrong with buying from other users and have done before, but it's nice to get them from the site itself sometimes.

yeah i'm rather sad about play.com as well, they had some rather nice exclusives, though with them only being a marketplace i thought they'd (the exclusives) be picked up by hmv, le sigh.

---------- Post added 15-01-2013 at 12:41 AM ----------

the usual then.

[GommeInc]

Ever since they sold off Waterstones it was becoming increasingly likely that HMV would go. A shame as it's an ancient company and I believe the CEO or someone at the top of the organisation is related to the founder.

[HC]

God... we're gonna have nothing but clothes shops at this rate... ahhh...