HMV in trouble again........

Posted by: fathings cat on 28 December 2018

Looks like it could be the end for HMV - see story on the SuperDeluxeEdition website.

Sad if this happens.....

Gary

Posted on: 28 December 2018 by AndyP19

I think the big loss (for me anyway) would be Fopp if they take that down with them, which is likely.

Oh! the halcyon days of Virgin at the top of Oxford Street, HMV with their massive shop half-way down and the old shop as well by Bond St tube. Tower Records had their huge store at Piccadilly with Sam Goody, MVC, Our Price in large towns.

Sad indeed, but no surprise, you have ask the question who would put money into high street retail now.

Posted on: 28 December 2018 by nigelb

Yes, very sad, but inevitable. Bloody internet!

I say that but I love the extra dimension streaming gives me and I do admit to buying lots of CDs from t'internet, so I am as much to blame as the next person.

The ultimate double-edged sword.

Posted on: 28 December 2018 by Alley Cat

When I think of how many hours I used to spend traipsing from one record store to another to save 50p or so on vinyl as a student it makes me shudder, but it was a form of exercise!

Really sad news about HMV, I only recently discovered how much vinyl they had locally, but I simply don't go into town often enough to be a regular customer.

I suspect one problem is they have stores which are too big with matching rents and racks and racks of dozens of identical CDs/DVDs when a few copies would probably suffice with the rest in a storage area.

In reality even if I buy new vinyl it's too easy just to order from the river with prime delivery, and additionally I tended to go to somewhere like HMV to browse for multi-buy deals on BluRays/CDs etc as I got choices I might not think of online.

In addition to the internet the supermarkets must also be part of the problem - most popular new movie/music releases which will sell in significant volumes if you want a physical copy are likely to be available in Tesco/Sainsburys etc when doing your shop, naturally they won't stock more niche products but if they don't sell in quantity anyway why would they bother?

 

https://www.bbc.co.uk/news/business-46699290

Posted on: 28 December 2018 by intothevoid

Why does everybody avoid the fact that they're just not competitive? I always visit my local HMV but inevitably buy from t'internet as it's generally cheaper. I'm not a spur of the moment / must have kind of guy, so I can wait a day or two and save a few quid (towards my next purchase).

What will really be sad is if/when physical ownership becomes a thing of the past. Owning physical media is more tangible and better quality (on the whole), it doesn't disappear when you stop subscribing (i.e. locked in for life), and you get a little booklet thingy, which is quaint.

Roon/Tidal/Qobuz overcome most of these objections to a point, but not completely. The streaming market is maturing very rapidly but you can't subscribe to all services economically.

Buying and ripping CD's is my preferred form of musical enjoyment, wherever they come from.

 

Posted on: 28 December 2018 by FangfossFlyer

Without going into the reasons of  inevitable high street changes in response to online shopping.

I will miss them especially as their vinyl stock has regrown over the last few years at what I consider competitive prices. 

Richard

 

Posted on: 28 December 2018 by Jude2012

Agree re vinyl.

i hope they manage to keep the online sales model of vinyl alive. Theee is something special about HMVís name being just about vinyl -Ď just as it says on the tiní

DIfficult  for any high street business to be competitive  when saddled with high business rates (15% of costs in HMVís case)

Going on-line has worked out for Habitat (albeit they were proactive).

jude

Posted on: 28 December 2018 by GeeJay

Apologies FC, just seen youíve posted this.  Iíve started a similar thread over in padded cell (link).....

Agree with all the comments - so sad.....

George.

Posted on: 29 December 2018 by Alley Cat
intothevoid posted:

Why does everybody avoid the fact that they're just not competitive? I always visit my local HMV but inevitably buy from t'internet as it's generally cheaper. I'm not a spur of the moment / must have kind of guy, so I can wait a day or two and save a few quid (towards my next purchase).

The problem is it isn't a level playing field due to the extra costs for internet vs high street stores...when there are no physical stores to physically look at electronic goods, cameras, clothes or demo hi-fi you'll know why, and may end up being inconvenienced by sending goods back.
 
I recently got an instax camera for my daughter and planned to get a particular model, until that is I saw it in the flesh in a store, and realised how awfully tacky it looked compared to a website photo, so decided on another that looked very smart by comparison (none of them produce great photos in my view, but there you go but they seem to be popular), and ergonomically was better to take shots.
 
While I suspect we've all done a bit of this sort of thing (seeing in store, buying online), I will buy locally if the price differential is not too great - I'll pay a few quid extra for the convenience of getting it there and then, and saving time travelling to say a pickup locker or post office as things never get delivered when I'm in.  It's not all about the cost but if it's tens of pounds or more for something you don't need there and then I suspect many of us can wait.