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HMV set to enter administration

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  • ResidentKnievel 14 Jan 2013 21:15:11 5,386 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

    morriss wrote: My actual real opinion is very insulting and unhelpful.

  • ResidentKnievel 14 Jan 2013 21:18:21 5,386 posts
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    BBC link because that financial times link is annoying

    morriss wrote: My actual real opinion is very insulting and unhelpful.

  • PazJohnMitch 14 Jan 2013 21:20:51 5,667 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 2,226 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 57,905 posts
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    Let it burn

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  • Whizzo 14 Jan 2013 21:30:19 41,115 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 8,658 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 13,121 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 1,078 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 2,163 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 10,772 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.

    Just Another Lego Blog

  • Lexx87 14 Jan 2013 21:48:04 20,826 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 6,162 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 1,078 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 10,772 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.

    Just Another Lego Blog

  • GiarcYekrub 14 Jan 2013 21:53:35 3,150 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 24,197 posts
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    surely there's only so many Diana Vickers albums to buy?

    FCUTA!

  • Lexx87 14 Jan 2013 22:03:37 20,826 posts
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    \o/

    Speak the truth hussy!

  • heyyo 14 Jan 2013 22:04:43 14,307 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 13,218 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.
  • GameOverYeah 14 Jan 2013 22:06:15 160 posts
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    I'm not surprised, its been a long time coming. I would be really sad to see then go as I do go there often. But their pricing is absolutely terrible. Every now and then they will have great sales or really reasonable prices. Only for you to in the next week and will all be four times the price for the same stuff. Their trade in prices have always been really good too. I.hope they can turn it around.

    Vita: GameOverYeah

  • GuiltySpark 14 Jan 2013 22:07:43 5,913 posts
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    You're so boring Craig.

    Get bent.

  • oceanmotion 14 Jan 2013 22:08:12 13,121 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 1,844 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.
  • SambaApe 14 Jan 2013 22:11:17 811 posts
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    oceanmotion wrote:
    I wouldn't be surprised if Amazon started buying stores up for bigger delivery lock ups and maybe even download kiosks.
    Given the enormous rents for many prime locations, I would.
  • Spanky 14 Jan 2013 22:12:49 14,408 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 9,912 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 1,071 posts
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    @Aretak Oh so the Grim Reaper is called Trevor? How ordinary!

    mowgli wrote: I fucking love willies.

  • mowgli 14 Jan 2013 22:18:14 31,819 posts
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    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.

    Pissy pants.

  • cheeky_prawnking 14 Jan 2013 22:23:06 2,664 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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