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Another one bites the dust

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Another one bites the dust - 14/1/2013 10:22:28 PM   
ChickMagnet


Posts: 1648
Joined: 19/5/2008
From: The Wrong Side of the Tracks
 http://www.bbc.co.uk/news/business-21021073

Between me n the wife that's 6 companies we've worked for that have at least gone into Administration. The thing with HMV is I need somewhere to loiter in town and if they go I'm kinda screwed!

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RE: Another one bites the dust - 14/1/2013 10:24:49 PM   
superdan


Posts: 7235
Joined: 31/7/2008
So since New Year, Jessops have disappeared, Honda have cut 500 jobs in Swindon and now HMV are going bust. What a year 2013 is already shaping up to be

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Post #: 2
RE: Another one bites the dust - 14/1/2013 10:36:06 PM   
Rebel scum


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Oh good, fewer high street jobs.



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RE: Another one bites the dust - 14/1/2013 10:52:34 PM   
moontheloon


Posts: 6170
Joined: 30/9/2005
From: Birmingham
 Work tomorrow is going to be fun.

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RE: Another one bites the dust - 15/1/2013 12:20:53 AM   
James2183


Posts: 10233
Joined: 30/9/2005
Sorry Moon

With the news that gift vouchers are going to be void I can only hope customers will try and look past this and realise that 4000 people are probably going to lose their jobs.

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RE: Another one bites the dust - 15/1/2013 7:23:06 AM   
DancingClown


Posts: 3587
Joined: 8/1/2006
From: The Lot
 Very sad news this. No matter where I've lived HMV have always just been there. However, we have one of the smaller branches where I currently live and their stock was always limited compared to online availability, so while it was fun to physically browse (although not at Christmas) they never always had what I needed, and frankly some of their prices were ridiculous.

Still, something could yet be salvaged. The online department could still live on with the brand name.

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RE: Another one bites the dust - 15/1/2013 7:48:11 AM   
jonson


Posts: 8073
Joined: 30/9/2005

quote:

ORIGINAL: DancingClown

and frankly some of their prices were ridiculous.


They have been for as long as I can remember (and that's a long time ) I have always used an independant shop in Leiecster, luckily there's a really good one, but I'd browse HMV for DVDs at Christmas time (the only time I actually shop in shops) I would buy as well, as I know there is a lot of window shopping done in HMV then a quick internet purchase from Play or Amazon. That's their downfall really.
Very sad news as regards all the job losses, but inevitable in the end I'm afraid. I don't think my kids have ever been in what I call "a record shop", and I bet they've got literally hundreds of albums on their gizmos.
If that the end of queues of people, quickly shuflling through the alphabetized records in the hope that the manager got 1 more copy of that new release you were waiting for?

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RE: Another one bites the dust - 15/1/2013 8:18:45 AM   
superdan


Posts: 7235
Joined: 31/7/2008
Sorry to hear that moon, hope things work out for you.

I would have said that there's now no proper record store where I live, but the truth is there hasn't been one for years. I used to go into HMV all the time when I was at uni and for some years after, but gradually the music section got smaller and smaller to be replaced by games, t-shirts, books, dvds upon dvds and then finally electronics - all of which could be bought elsewhere (and often cheaper). They basically abandoned the one thing they sold that I went in there for (music), presumably to try and improve margins. After a while it became a bit weird going into HMV, walking under the sign of Nipper looking into the gramophone, only to be confronted with the Top 40 and nothing else.

Real shame.

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Post #: 8
RE: Another one bites the dust - 15/1/2013 10:01:40 AM   
lbiu


Posts: 2779
Joined: 30/9/2005
From: Just 3 doors away from Heaven
 Lone gone have the times when you would leave straight from school to the closest Our price or HMV to sample the latest single releases.

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RE: Another one bites the dust - 15/1/2013 10:34:57 AM   
James2183


Posts: 10233
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Will only be a matter of time before GAME follow them.

Charging nearly full RRP for a second hand game is ridiculous, especially when that second hand game is still £5-7 more than a brand new version online.

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Post #: 10
RE: Another one bites the dust - 15/1/2013 10:59:29 AM   
superdan


Posts: 7235
Joined: 31/7/2008

quote:

ORIGINAL: James2183

Will only be a matter of time before GAME follow them.

Charging nearly full RRP for a second hand game is ridiculous, especially when that second hand game is still £5-7 more than a brand new version online.


Then WHSmiths, then FCUK, then Waterstones, then...and so on. It really couldn't be much bleaker for the UK High Street at the moment, and it's hard to see how to arrest the decline.

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Post #: 11
RE: Another one bites the dust - 15/1/2013 11:08:22 AM   
lbiu


Posts: 2779
Joined: 30/9/2005
From: Just 3 doors away from Heaven
 Still suprised GAME and WHSmith are around. WHSmith tried to go into the tablet/e-pad business but Amazon pretty much killed them. GAME...I honestly just don't see them lasting as online prices are much better plus you can get pre-ordered games on day of release delivered straight to your door.

I think they will go in this order.

Waterstones - Kindle pretty much kills them
WHSmith - See above
GAME - they may last the whole year IF xbox 720/PS4 gets released at xmas
Currys - 50% possibility

HMV was always going to die. Music is bought online now and their DVD/Blu-Ray prices are ridiculous. They have 5 year old releases still selling at £14.99.




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RE: Another one bites the dust - 15/1/2013 11:12:22 AM   
matty_b


Posts: 12889
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From: Outpost 31 calling McMurtle.
 I can see WH Smith surviving if they try to transform themselves into some kind of Post Office type outfit where you can pay bills, arrange proper postage etc, rather than just relying on magazines, books and stationery.

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RE: Another one bites the dust - 15/1/2013 11:22:44 AM   
lbiu


Posts: 2779
Joined: 30/9/2005
From: Just 3 doors away from Heaven
 Yeah that would be a good business model for them. They really have nothing else

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RE: Another one bites the dust - 15/1/2013 12:02:08 PM   
MonsterCat


Posts: 6226
Joined: 24/3/2011
From: St. Albans, Hertfordshire
 A really shit start to 2013 for HMV's employees, and a terrible end for what was basically an iconic high street brand.

Hopefully HMV can do a GAME and find a buyer at the last minute, but now that a large percentage of people use iTunes as a means of buying music I'm guessing the odds are stacked against them.

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RE: Another one bites the dust - 15/1/2013 12:31:42 PM   
great_badir


Posts: 4178
Joined: 6/10/2005
From: A breaking rope bridge in the middle of the jungle
 The trouble is that HMV started to struggle LONG before the recession hit, because they were so (and too) late with every change/improvement to the business - I remember as far back as 2006 hearing rumblings that the Bath and Bristol stores were making huge losses and their expenditure far outweighed their income (specific to those stores), so I can't see how they will survive at all unless they drastically change their business model and/or prices. The odd half decent sale is not enough for them to survive and when partnered with their penchant for renting shop space generally in A1 areas only, it's a recipe for failure.

Sad to see them go, but like many others, beyond the once-a-year purchase when they do have a decent offer (like the current 5 blus for £30), I never do anything other than window shop for a later Amazon purchase.

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RE: Another one bites the dust - 15/1/2013 12:34:30 PM   
Timon


Posts: 14545
Joined: 30/9/2005
From: Bristol
 So, and I hate to be the one sounding like an opportunistic vulture circling over HMV and Fopp's carcasses, but does this mean there will be a firesale?



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RE: Another one bites the dust - 15/1/2013 1:08:07 PM   
Invader_Ace


Posts: 1524
Joined: 31/7/2008
quote:

ORIGINAL: Timon
So, and I hate to be the one sounding like an opportunistic vulture circling over HMV and Fopp's carcasses, but does this mean there will be a firesale?


I was thinking the same thing.

But it is bad times, I mean, I got into Metal from just browsing through the Rock Section in HMV when I was 12 or 13 years old.  So much of my life has spun off from that.  While you do have access to a huge range of music online, it's not the same as looking at real things that catch your eye, or hearing something while you're in there or even striking up a conversation with another customer.

Also, it's a sign of how bad things have got when we are not just bemoaning the loss of "that cool, little record shop down smith street" and instead the loss of high street behemoth, that we would honestly, sometimes turn our noses at for being so big and ubiquitous.

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Post #: 18
RE: Another one bites the dust - 15/1/2013 1:08:16 PM   
lbiu


Posts: 2779
Joined: 30/9/2005
From: Just 3 doors away from Heaven
 There usually is one. I remember my mother taking advantage of Woolworths closing down......she bought stuff that had no relevance to her life or hobbies or work.Just impulse 'BUT ITS 90% OFF I HAVE TO GET IT!' buying.
Sad because HMV really was a high brand high street shop but it just could not keep up with times. Our high streets are going to be unrecognisable in the next 5 years. Only things to survive will be supermarkets and corner shops.

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RE: Another one bites the dust - 15/1/2013 1:35:16 PM   
superdan


Posts: 7235
Joined: 31/7/2008

quote:

ORIGINAL: lbiu
Our high streets are going to be unrecognisable in the next 5 years.


Oh, they'll be easily recognisable - every one of them will look something like this:


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Post #: 20
RE: Another one bites the dust - 15/1/2013 1:42:20 PM   
paul.mccluskey


Posts: 4945
Joined: 15/4/2007
From: Port Glasgow, Scotland, UK
 Genuinely gutted about this, as I buy CDs or DVDs out of HMV nearly every other week. Don't get me wrong, I purchase a lot online, but I do love browsing and leaving with two albums covering different genres of music. Some of the prices were ridiculous, but I did find a few good bargains.

I hope that the store doesn't close for good, otherwise, there will be no point in me visiting Braehead or Glasgow. I'm also scared for Fopp, that feels like an actual record store, and has a great selection.

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RE: Another one bites the dust - 15/1/2013 1:54:21 PM   
horribleives

 

Posts: 4183
Joined: 12/6/2009
From: The North
 Sad news. For the staff mainly, but for a certain dying breed of customer too. Until recently, my local HMV always had a massive, diverse selection of music and was generally more reliable than the (few remaining) small record shops round my way when it came to finding independent/underground or just not that well-known stuff. The CD sections have been downsized a bit in the last year though they still had a pretty sizeable range and, as someone who still actually buys albums it was nice to know I could pop in and easily pick up most of the stuff I wanted if I didn't fancy waiting a day or two for Amazon to deliver. Ditto DVDs, which, despite what a few on here have said, have been pretty cheap for years at the HMV I go to. Depressing stuff, either way. Though a lot more depressing if you work there, obviously.

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RE: Another one bites the dust - 15/1/2013 1:57:53 PM   
lbiu


Posts: 2779
Joined: 30/9/2005
From: Just 3 doors away from Heaven
quote:

ORIGINAL: superdan


quote:

ORIGINAL: lbiu
Our high streets are going to be unrecognisable in the next 5 years.


Oh, they'll be easily recognisable - every one of them will look something like this:




How....er......quaint

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RE: Another one bites the dust - 15/1/2013 2:14:52 PM   
Nexus Wookie


Posts: 2247
Joined: 24/9/2011
From: the Godcity
quote:

ORIGINAL: lbiu

Still suprised GAME and WHSmith are around. WHSmith tried to go into the tablet/e-pad business but Amazon pretty much killed them. GAME...I honestly just don't see them lasting as online prices are much better plus you can get pre-ordered games on day of release delivered straight to your door.

I think they will go in this order.

Waterstones - Kindle pretty much kills them
WHSmith - See above
GAME - they may last the whole year IF xbox 720/PS4 gets released at xmas
Currys - 50% possibility

HMV was always going to die. Music is bought online now and their DVD/Blu-Ray prices are ridiculous. They have 5 year old releases still selling at £14.99.





I couldn't agree more Ibiu. Some of the price for even old DVD's are fucking extortionate. I remember browsing through the films last Summer and i saw Time Bandits; a film which i've been meaning to buy for a while. But guess how much it was? £20! Whats worse the contents were as bare as fuck, not even subtitles. I thought there must've been a mistake so checked, turns out it wasn't; £20 it was. I went next door to CeX and the same DVD I managed to buy for...wait for it..£1! i kid you not. There were hundreds of fucking titles that they had overpriced without a second glance. You know what, HMV bought their downfall on themselves. And contrary to Woolworths, or even Play right now, i couldn't give a shit about what happens to them.

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RE: Another one bites the dust - 15/1/2013 2:44:59 PM   
lbiu


Posts: 2779
Joined: 30/9/2005
From: Just 3 doors away from Heaven
 I feel sorry for the staff.
It is what happens when a business does not have a constructive plan. They should have become more online friendly far faster than they did. Also does not help that they honestly have nothing unique to offer. Supposedly they tried to focus on gadgets lately but I never noticed.


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Post #: 25
RE: Another one bites the dust - 15/1/2013 2:53:05 PM   
Professor Moriarty

 

Posts: 8580
Joined: 6/10/2005
From: the waters of Casablanca
quote:

ORIGINAL: James2183

Sorry Moon

With the news that gift vouchers are going to be void I can only hope customers will try and look past this and realise that 4000 people are probably going to lose their jobs.


I'd be pretty pissed if I'd bought a voucher for someone, or been given one for X-mas. I know its not the fault of the staff and their attitude would quite rightly be "why do I give a stuff about your voucher, I'm out of a job", but it still feels a bit like robbery to me. You took my money and didn't give me the value of the goods in exchange. If I had one I'd be picking up whatever I wanted from the store of the voucher value and then leaving the vouchers at the counter and walking out.

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Post #: 26
RE: Another one bites the dust - 15/1/2013 2:58:11 PM   
Harry Tuttle


Posts: 7531
Joined: 12/11/2005
From: Sometime in the future.
quote:

ORIGINAL: Professor Moriarty


quote:

ORIGINAL: James2183

Sorry Moon

With the news that gift vouchers are going to be void I can only hope customers will try and look past this and realise that 4000 people are probably going to lose their jobs.


I'd be pretty pissed if I'd bought a voucher for someone, or been given one for X-mas. I know its not the fault of the staff and their attitude would quite rightly be "why do I give a stuff about your voucher, I'm out of a job", but it still feels a bit like robbery to me. You took my money and didn't give me the value of the goods in exchange. If I had one I'd be picking up whatever I wanted from the store of the voucher value and then leaving the vouchers at the counter and walking out.


Isn't it because the voucher is basically a contract with HMV and HMV no longer own the stores, Deloitte do and they are under absolutely no obligation to honour them whatsoever.

It still sucks don't get me wrong but it's not really HMV's fault (well, no more than the mismanagement and failure to adapt to a changing market are I guess).

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Post #: 27
RE: Another one bites the dust - 15/1/2013 3:15:38 PM   
Professor Moriarty

 

Posts: 8580
Joined: 6/10/2005
From: the waters of Casablanca
 Oh I absolutely get how this slips through. But I'm a fairly basic thinking who's gonna say if it says HMV over the door, it says HMV on the price sticker and it says HMV on the voucher - I'm trading with HMV who I've already given money too, rather than Deloitte.

Is it anyone's fault? Well the lead up to Christmas should have been their most productive time of the year. So either things went really, really, really badly then or the cash projections could have been done back in June to August period (latest) to show that the company would be out of business by January. I mean, its not even like it limped on to March or April, so they must have been so far out of money it was plain for anyone in a senior management position looking at the books to see. And I contend that if you were continuing to trade a future item, knowing that in all likelihood you were unlikely to provide the service for the fee paid, that's robbery.

As I said, doesn't affect me. But if I'd feel a right to be pissed off if it did.

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Post #: 28
RE: Another one bites the dust - 15/1/2013 3:42:55 PM   
paulyboy


Posts: 2150
Joined: 30/9/2005

quote:

ORIGINAL: Harry Tuttle

It still sucks don't get me wrong but it's not really HMV's fault (well, no more than the mismanagement and failure to adapt to a changing market are I guess).



Even that would have been a losing battle I fear. You could argue a much earlier shift towards an online business model might have improved their fortunes as a company perhaps, but if a substantial online presence like Play.com can't sustain the Apple/Amazon onslaught I'm not sure HMV would have.

The entire situation is cause for concern overall, the high street's demise has much further reaching ramifications for the economy than most people really appreciate.

Sad times.

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Post #: 29
RE: Another one bites the dust - 15/1/2013 3:44:26 PM   
Scruffybobby


Posts: 4023
Joined: 30/9/2005
From: My House
quote:

ORIGINAL: Professor Moriarty


quote:

ORIGINAL: James2183

Sorry Moon

With the news that gift vouchers are going to be void I can only hope customers will try and look past this and realise that 4000 people are probably going to lose their jobs.


I'd be pretty pissed if I'd bought a voucher for someone, or been given one for X-mas. I know its not the fault of the staff and their attitude would quite rightly be "why do I give a stuff about your voucher, I'm out of a job", but it still feels a bit like robbery to me. You took my money and didn't give me the value of the goods in exchange. If I had one I'd be picking up whatever I wanted from the store of the voucher value and then leaving the vouchers at the counter and walking out.


My Mum got a giftcard from her brother for christmas. I was thinking today that I'd best get her down to the local HMV sharpish (she's basically immobile and can't go herself).  I was at the store nearest work at lunchtime and they alerady have a notice up saying they won't accept vouchers or giftcards.

I'll be sad to see them go. Soon the only places you can buy dvds or cds insotre will be supermarkets and theitrs aren't exactly the most diverse of ranges. Then again if HMV are seriously asking £28 for the steelbook bluray of The Hunger Games (which they were) you can understand why people would look elsewhere

< Message edited by Scruffybobby -- 15/1/2013 7:42:36 PM >

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