HMV set to enter administration

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  • ResidentKnievel 14 Jan 2013 21:15:11 6,181 posts
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    4,000 jobs at risk

    Hopefully they'll get bought and restructured like Game was, they'll still have 22% market share according to the article.

    The closure of HMV could strike a damaging blow to the UK retail market for video games, CDs and DVDs. According to Verdict, HMV’s share of the combined music and video market, defined as physical and downloaded products bought on and offline, was 22.2 per cent in 2012.
    Edited by ResidentKnievel at 21:17:01 14-01-2013

    [code]Armoured_Bear wrote:
    Unlike yourself, I don't have a weird obsession with any platform.[/code]

  • ResidentKnievel 14 Jan 2013 21:18:21 6,181 posts
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    BBC link because that financial times link is annoying

    [code]Armoured_Bear wrote:
    Unlike yourself, I don't have a weird obsession with any platform.[/code]

  • PazJohnMitch 14 Jan 2013 21:20:51 8,007 posts
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    I cannot say I am surprised.

    They should have took the online retailers more serious 10 years ago.

    They thought Virgin and GAME were their major competitors not Amazon.
  • Gaol 14 Jan 2013 21:23:31 2,263 posts
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    Shame. Someone I know who worked for Comet is still looking. Really shit time to be in retail.

    Edited by Gaol at 21:23:54 14-01-2013
  • Razz 14 Jan 2013 21:26:37 61,070 posts
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    Let it burn

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  • Whizzo 14 Jan 2013 21:30:19 43,091 posts
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    HMV's pricing has been terrible for years, in my previous job I used to regularly browse the shelves of Guildford's store and unless there was a sale on I'd walk out again empty handed, that was more than 10 years ago.

    When buying something off the shelf in GAME was pounds cheaper than buying it from HMV you know their pricing is shit, let alone online stores.

    This space left intentionally blank.

  • SuperCoolEskimo 14 Jan 2013 21:31:40 9,779 posts
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    Sad to hear. I remember once going into a small HMV store that was due to close that weekend and asked for Black Ops. They had one copy left but wouldn't sell me it as they had no case for it. I was happy to pay full price without the case but they still wouldn't sell it to me. Very strange.
  • oceanmotion 14 Jan 2013 21:36:48 15,820 posts
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    Is it even possible for retail to be competitive outside of the odd supermarket deal compared to online stores and make enough profit to offset running costs?
  • munki83 14 Jan 2013 21:38:02 1,412 posts
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    I don't buy a lot from hmv but to see them go will be a shame. It won't be long till high street retail will be supermarkets and clothes shops
  • SaucyGeoff 14 Jan 2013 21:44:18 2,574 posts
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    Think I've still got £10 on a gift card for them. Might see if still use it before work tomorrow.
  • boo 14 Jan 2013 21:47:07 11,752 posts
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    I used to love browsing my local HMV. Trouble is, I go in there these days, and music is a bit of an afterthought. It's all DVDs, games, headphones, stuffed toys and I don't know what.

    I guess it's a sign of the times, but I much preferred it when it was just a music shop.

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  • Lexx87 14 Jan 2013 21:48:04 20,869 posts
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    Did everyone wear bowler hats when you were a kid boo.

    Speak the truth hussy!

  • superdelphinus 14 Jan 2013 21:50:33 8,049 posts
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    SaucyGeoff wrote:
    Think I've still got £10 on a gift card for them. Might see if still use it before work tomorrow.
    Fascinating, please keep us updated
  • munki83 14 Jan 2013 21:50:59 1,412 posts
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    I kinda like how they diversified a little. They should have had a ton of film/music related items that you may miss online.
  • boo 14 Jan 2013 21:52:11 11,752 posts
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    Lexx87 wrote:
    Did everyone wear bowler hats when you were a kid boo.
    Absolutely! You needed some form of protection for head if you fell off your Penny farthing.

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  • GiarcYekrub 14 Jan 2013 21:53:35 3,732 posts
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    I went into Nottingham to spend my xmas money there sadly all the branches I used to use had already been closed down
  • jonsaan 14 Jan 2013 21:57:39 25,342 posts
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    surely there's only so many Diana Vickers albums to buy?

    FCUTA!

  • Lexx87 14 Jan 2013 22:03:37 20,869 posts
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    \o/

    Speak the truth hussy!

  • heyyo 14 Jan 2013 22:04:43 14,373 posts
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    The HMV at my local retail park shut a week after the GAME did - not surprised by this news in the slightest.
  • Tom_Servo 14 Jan 2013 22:05:49 17,544 posts
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    So does this mean it's back to independent music stores for people looking to buy records that you can't find in the supermarket? Nowhere else that's bricks-and-mortar is immediately coming to mind.
  • GuiltySpark 14 Jan 2013 22:07:43 6,363 posts
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    You're so boring Craig.

    Get bent.

  • oceanmotion 14 Jan 2013 22:08:12 15,820 posts
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    I wouldn't be surprised if Amazon started buying stores up for bigger delivery lock ups and maybe even download kiosks.
  • MrE26 14 Jan 2013 22:09:53 1,930 posts
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    I remember our local one having a Dexter boxset for £130. It was £50 on Amazon. I know it's hard to compete with online retailers, but fucking hell.
  • Spanky 14 Jan 2013 22:12:49 14,481 posts
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    They were always the proles Tower Records. More variants of shitty skillcandy headphones than cd's. I went in for a copy of Prometheus on a retarded whim, not one copy at their flagship store.

    Plubs

  • Aretak 14 Jan 2013 22:13:20 10,351 posts
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    Their current CEO is Trevor Moore, who took over in September having just left the same role at... Jessops.
  • Moot_Point 14 Jan 2013 22:15:33 3,983 posts
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    @Aretak Oh so the Grim Reaper is called Trevor? How ordinary!

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  • Deleted user 14 January 2013 22:18:14
    It's a genuine shame as ime it offered the customer experience of a good small indie shop with better prices and a better selection. Just a shame its prices stood no chance against internet shopping. One on Princes Street offered the best gamer shopping experience bar none. Opportunity to play all games, pinball machines etc. Never touched any of it but it is how a game shop should be run.
  • cheeky_prawnking 14 Jan 2013 22:23:06 4,457 posts
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    Will be a shame if it does go, I love browsing the one near Oxford Circus, nothing beats walking around it and spotting something you hadn't thought of. Many a time I have done that and walked out with at least 10 cds. Nowhere near the same experience with amazon et al.
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