Non-motoring > HMV Board meeting - now. Miscellaneous
Thread Author: Old Navy Replies: 91

 HMV Board meeting - now. - Old Navy
Sky News reporting that the HMV Board are meeting this evening, Deloitte rumoured to be the administrator.
Last edited by: Old Navy on Mon 14 Jan 13 at 20:18
 HMV Board meeting - now. - Zero
Told ya, been coming for 18 months.
Last edited by: Zero on Mon 14 Jan 13 at 20:21
 HMV Board meeting - now. - Old Navy
You know that no-one takes any notice of you Z. :-)
 HMV Board meeting - now. - Zero
>> You know that no-one takes any notice of you Z. :-)

Damn fools.
 HMV Board meeting - now. - RattleandSmoke
I am not sure if I qualify the pint. We had a big discussion on this on Saturday night in the pub, we all agreed that HMV would go bust very soon. I don't care less about HMV, but they also own Fopp and I do shop there and I will miss it.

It seems closing the VAT loopwhole from the channel island has come to late for HMV. That said I think there will always be a place in the next few years for specialist music shops but it will be niche. .

I wonder what will happen to their live venues? They own the RItz in Manchester and I have a couple of gigs coming up there.
 HMV Board meeting - now. - mikeyb

>> I wonder what will happen to their live venues? They own the RItz in Manchester
>> and I have a couple of gigs coming up there.
>>

The HMV venues are operated by mama group who are owned by HMV.

As its already a standalone unit then its likely to be sold off as a going concern, or maybe a management buyout
 HMV Board meeting - now. - Zero
>> Sky News reporting that the HMV Board are meeting this evening, Deloitte rumoured to be
>> the administrator.




HMV is run by Trevor Moore, who recently took over having held the chief executive's post at Jessops.
 HMV Board meeting - now. - mikeyb
>> HMV is run by Trevor Moore, who recently took over having held the chief executive's
>> post at Jessops.
>>

Think someone is going to have to be creative with their CV
 HMV Board meeting - now. - Armel Coussine
The music industry is funny, tin pan alley street spivs gone respectable and writ large, the odd bursting bubble...

People who ran clubs in the old days, like the uncle of an old friend and come to think of it relation by marriage who used to run the 100 club in Oxford Street and one or two others. People like Ronnie Scott who could have ended as big executives if things had been different.

In Lagos in 1973 the naira was expensive and the rate against the pound very dire. To change travellers' cheques in sterling one had to go to the middle of town, expensive and very tiresome. I was staying with a musician friend who one day went to see the EMI man down town, and ttook me along saying the EMI man might change me some money. He did, at a better than official rate, a big grey guy with a grey face wearing an expensive Hong Kong grey silk suit in a big airconditioned office. Perhaps a bit like John Major in his bank in Jos.

On the way back one of the musician's men commented that my 'brother' had treated me well. I was a bit horrified. Perhaps though just with that stiffening that afflicts you when you meet another British person in a strange place. 'What's that carphound doing here? (Thinks: Oh god, that frightful bore Livingstone' so to speak).
Last edited by: Armel Coussine on Mon 14 Jan 13 at 21:04
 HMV Board meeting - now. - Alastairw
The only grwoth industry in the UK is administrating at present!

The cynic in me always wondered why the administrators fees (they always get paid!) nearly always matched the free cash held in the company bank account.
 HMV Board meeting - now. - Fenlander
Damn... I have a part used HMV gift card of theirs with almost a tenner on it.

As a buyer of physical CDs sad to see them go.... there's nothing like going into a big store with a £30 budget for a few CDs and finding something interesting by flicking through the displays. Very hard to do online.
 HMV Board meeting - now. - RattleandSmoke
My local indie record shop (round the corner from Ted) is thriving. I go in there about once a week and have met a few famous musicians there including my hero Johnny Marr. Its so fun looking through the old vinyl. Its always packed especially on a Saturday.

There is still a big market for hard media, what there isn't a market for is over priced main stream CDs or DVDs costing upwards of £10 and that is what HMVs market was.
Last edited by: RattleandSmoke on Mon 14 Jan 13 at 21:26
 HMV Board meeting - now. - mikeyb
>> Damn... I have a part used HMV gift card of theirs with almost a tenner
>> on it.

Not a done deal yet - you may be able to use it if you get there first thing tomorrow.

I cant really see any other viable option for them. Lots of debt, high overheads.

Appears that they have tried to do a deal with suppliers, but looks like they have lost patience, and there's no real competitor who could take them over.

Somewhat ironic that my local HMV is in the middle of a shopping center. They moved into the large and central unit vacated by Zavi.......
 HMV Board meeting - now. - Fenlander
>>>what there isn't a market for is over priced main stream CDs

So how much is too much for a CD album.. either new artist or older re-release??

PS: Mikey did you get a final signing off letter from your C5 lease? We've heard nothing since ours was collected 2wks ago.
Last edited by: Fenlander on Mon 14 Jan 13 at 21:35
 HMV Board meeting - now. - RattleandSmoke
For me around £7-£8, if its a new release an a band I really like I might pay £10 but usually a £10 price tag puts me off. I bought the Vaccines second album from Fopp (released Q4 2012) and didn't think twice about buying it, if it was £7 I might have left it.

When I go music shopping I am thinking how many CDs can I get the xx amount. As there are still 100s of CDs on my wish list!
 HMV Board meeting - now. - Fenlander
I have the same sort of price in mind... happy around £7.95 for something that will last a lifetime but get a bit resistant over £9.95... if for no other reason than the fact whatever CD it is there will be another outlet that will be selling for the lesser price anyway.

However in truth compared with fuel, beer, magazines, McDonalds etc etc even a £10 CD is a bargain.

 HMV Board meeting - now. - mikeyb

>> PS: Mikey did you get a final signing off letter from your C5 lease? We've
>> heard nothing since ours was collected 2wks ago.
>>

I had a letter to say they had waived the repair charges, but it was several weeks after the collection
 HMV Board meeting - now. - Fenlander
Ahh OK... mine was actually taken 3wks ago now I think back but I know Manheims were close for the holiday period until new year was over.

In truth my max liability as quoted on the day is affordable but to lose the charge would be great.
 HMV Board meeting - now. - mikeyb
>> Ahh OK... mine was actually taken 3wks ago now I think back but I know
>> Manheims were close for the holiday period until new year was over.
>>
>> In truth my max liability as quoted on the day is affordable but to lose
>> the charge would be great.
>>

Mine was about £160 IIRC. The collections guy said they may waive it, but it wasn't his call.

I managed to find mine in an auction, and then found it on a main dealers four-court (2K more than they offered it to me for)
 HMV Board meeting - now. - Dave_
>> >> a part used HMV gift card of theirs with almost a tenner on it.

>> you may be able to use it if you get there first thing tomorrow.

Martyn Lewis is saying the same thing on his money saving site.
 HMV Board meeting - now. - mikeyb
>> >> Damn... I have a part used HMV gift card of theirs with almost a
>> tenner
>> >> on it.
>>
>> Not a done deal yet - you may be able to use it if you
>> get there first thing tomorrow.
>>

I take it back - apparently stores were told to stop taking gift cards this evening. Already a few disgruntled customers on the net saying they were stopped from using them
 HMV Board meeting - now. - mikeyb
Looks like the decision has been made. Statement just issued:-

The Board regrets to announce that it has been unable to reach a position where it feels able to continue to trade outside of insolvency protection, and in the circumstances therefore intends to file notice to appoint administrators to the Company and certain of its subsidiaries with immediate effect.

The Directors of the Company understand that it is the intention of the administrators, once appointed, to continue to trade whilst they seek a purchaser for the business
 HMV Board meeting - now. - Rudedog
Strange because every time I went into the HMV near me it had loads of punters in and massive queues for the tills, I know they weren't the cheapest but without them there won't be any CD/DVD shops where you can actually handle the goods before buying.
 HMV Board meeting - now. - Zero
>> Strange because every time I went into the HMV near me it had loads of
>> punters in and massive queues for the tills, I know they weren't the cheapest but
>> without them there won't be any CD/DVD shops where you can actually handle the goods
>> before buying.

Why do you need to handle a DVD or CD? you cant play it there to see if you like it, its square and its plastic - whereas you can play samples on the web. DVD/CD/BluRay is just not a shop purchase any more.
 HMV Board meeting - now. - rtj70
>> Why do you need to handle a DVD or CD? you cant play it there to see if you like it

Exactly - and why many stopped buying CDs when they can listen to, buy etc online. And then copy straight to phone/tablet/iPod/CD/SD card/USB drive etc.

You can listen to samples on most sites like Amazon. And listen to a whole lot more for longer on Spotify and the like. The industry has moved on. It will for other companies too... challenges ahead for many companies to compete.
 HMV Board meeting - now. - RattleandSmoke
I still buy physical CDs and Vinyl as it is all part of the fun. A lot of my records tell a story, I can say things like I got that from Edinburgh, or I got that one from Barcelona etc. With a download you can't really say that.

Also my music sessions are some of the few times I can get away from the computer.

That said I still have Spotify premium but I use that for casual listening and not serious head-fi ssessions.
 HMV Board meeting - now. - rtj70
>> That said I still have Spotify premium but I use that for casual listening

But useful to listen to new stuff. And others doing this will then buy from iTunes, Amazon or similar.

Interesting how downloads have changed too. Spotify has stopped selling music. Tesco stopped a while back too. The market leaders are probably picking up more of the business.

Although it's probably fine to do so, not tried buying MP3s from Google yet. I tend to buy from Amazon these days. Last CDs I bought were from Tesco... and then ripped to MP3 and put to one side never to be used again.

I'd never again put original CDs in the car. Over time when I had the Golf I put different CDs in the autochanger and never brought the others back into the flat.... and then it was stolen. I lost over £200 of CDs that I never got the money back for. I lost coats, gym stuff, and all sorts. Cost me a few hundred.
 HMV Board meeting - now. - RattleandSmoke
I did the same with my Fiesta, stuck it on Gumtree, and woke up after a night out from a scouser wanting to buy the car. I had to rush and empty the car, left the CD in the CD player. I just use copied CDs now, as my car is poverty spec the CD player does not support MP3 but I mostly listen to the radio in the car anyway.
 HMV Board meeting - now. - Zero
I have bought a CD & DVD recently, as an xmas gift for wifey - giving someone a download has no sense of occasion but it never even crossed my mind to buy it in a shop, I suddenly had the thought to buy it prompted by something on TV, logged on to my amazon account and in 5 clicks it was in the post arriving two days later.
 HMV Board meeting - now. - Zero
Gift vouchers are rapidly becoming debased currency, just not worth the risk or hassle.
 HMV Board meeting - now. - Roger.
Just think of the money i save by being completely uninterested in modern music!!
 HMV Board meeting - now. - Zero
You just steal it on-line.
 HMV Board meeting - now. - Bromptonaut
It's the browsing in a record shop and discovering something unknown or forgotten that I'll miss.

One of the best Capercaillie albums is 'Get Out' - a mix of live tracks and remixes c1992.

Discovered at the back of a rack in HMV late that year while looking at their other, better publicised, stuff.
 HMV Board meeting - now. - Ted

I always enjoyed my trips to HMV in Manchester. They used to have an excellent ' classical ' room in the basement, usually with some quiet music playing and sealed off from the racket being played upstairs for the kids

A huge range with different versions of pieces by various performers. Lots of historic stuff and, if you didn't want to spend Lud money, the Naxos range at a fiver or so.

On the top floor was the fillum section. Loads of obscure stuff and vintage, continental and worldwide films.

The classical room became the ' computer games ' room and we were moved to a room at the back of the popular section together with, jazz, big band and film music. A much smaller and noisier room with a lot more folk crowded into it.

Spoilt it a bit for me. I used to order from them on-line when I couldn't get into the city.
Always efficient and kept you informed of progress. I might have a look tomorrow, I have job just round the corner in Fountain Street to sort out.

Shame !

Ted
 HMV Board meeting - now. - Fenlander
All the above negavives re physical CD shops have some merit but I still would like the chance to use such places. I don't always want to listen to stuff first... sometimes a quick listen to a couple of tracks on rubbish earphones in mp3 standard might put you off something that will sound superb when listened to in its entitity on a proper system.

But I do like the chance to brose and flick through which just isn't the same on the net.


>>>and discovering something unknown or forgotten that I'll miss.

Yes and that.
Last edited by: Fenlander on Mon 14 Jan 13 at 23:01
 HMV Board meeting - now. - Zero
Well I am afraid that 75% of all music and film is now downloaded, I'm afraid HMV cant survive with the three of you popping in three or four times a year for a browse!
 HMV Board meeting - now. - Avant
Sadly, I don't think HMV will be the last household name to disappear from the High St.

I've wondered for some time how WH Smith are doing: Waterstones or Amazon do books better, Staples or Ryman do stationery better, and you get news and magazines from the corner shop. If they do survive, it'll probably be through online business, with a bit of help from station and airport shops where they have fewer rivals.
 HMV Board meeting - now. - rtj70
>> WH Smith

.... they out-survived John Menzies.... just. What does WH Smiths offer that no one else does? Exactly.... our nearest had gaffer tape holding the carpet together when I was last in... probably 3 years ago.
Last edited by: rtj70 on Mon 14 Jan 13 at 23:35
 HMV Board meeting - now. - Avant
Did they buy them out or just take over their shops?

The shop I'm most sorry to see in trouble is Jessops: the assistants have been much more helpful and knowledgeable than in some chains which I could name but won't. I suspect that most of the advice was about cameras which people then bought cheaper online.
 HMV Board meeting - now. - Bromptonaut
>> I've wondered for some time how WH Smith are doing: Waterstones or Amazon do books
>> better, Staples or Ryman do stationery better, and you get news and magazines from the
>> corner shop. If they do survive, it'll probably be through online business, with a bit
>> of help from station and airport shops where they have fewer rivals.

They're well on the way to that already. They do OK in city centres on the 'lunchtime o'browze' crew. They've expanded considerably on stations by franchising the brand. The family run newstand at Northampton station gave up five or six years ago and is now WHS but run by the same SSP staff who man the coffee shop after the ticket barrier.
 HMV Board meeting - now. - BobbyG
Richer Sounds is a shop where I buy.

I trust their staff's knowledge and advice, they have a cheap 5 year warranty and they seem to be able to survive in this climate of internet shopping?
 HMV Board meeting - now. - CGNorwich
"Richer Sounds is a shop where I buy."

Might not be for much longer . Their results were pretty poor for 2010 and 2011 and I suspect they have had a fairly poor Christmas in 2012. I doubt they will last the year.
 HMV Board meeting - now. - Bromptonaut
>> "Richer Sounds is a shop where I buy."
>>
>> Might not be for much longer . Their results were pretty poor for 2010 and
>> 2011 and I suspect they have had a fairly poor Christmas in 2012. I doubt
>> they will last the year.

What are their books like? The main issue for Comet, HMV and probably Jessops was servicing debt resulting from financial prestidigitation in the good times.

Unless Mr Richer and his partners have similarly indulged they should survive.
 HMV Board meeting - now. - RattleandSmoke
I think I would be upset if Richersounds go bust, they got me into HIFI accidently. As a 16 year old geeky kid I just happened to be walking past the one in Stockport and saw how cheap their prices were. I bought a cheap Ariston amp and got the bug. 14 years later still got it!.

That said their biggest trick is creating hype, and I buy far more HIFI goods from Superfi than Richersounds now.
 HMV Board meeting - now. - RattleandSmoke
I am a big fan of Richersounds, but my HIFI equipment has out grown them, I still tend to use Richers for TV equipment though .

I probably more money in Richersounds than any other shop though, I think I spent around £500 in there last year (a new amp, speakers for my office, and a TV).

RIchersounds have hit a bit of trouble but they are small enough to cope well and as far as I know managed to turn things around. I am sure their Which awards must help!.

WH Smith survives because they have shops in stations etc, but even then I avoid them. Both Manchester Picciddilly and Euston as a Sainsbury's which is a lot cheaper. They rely on the lazy worker who just wants convenience, I refuse in principle to pay their prices though.

Also a lot of WH Smith stuff is high margin which must also help. That said my local newsagents has gone bust, but its more less opposite a Tesco Express and it was extremely badly run. Sold more soft drinks than magazines!.

 HMV Board meeting - now. - Zero
>> All the above negavives re physical CD shops have some merit but I still would
>> like the chance to use such places.

Bookshops are the place I will miss. Was browsing in a non-chain smallish local one this morning. He had a sign on the wall, that his small shop paid more tax than the whole of Amazon.

Its possible for the bookshop to flourish, one near me has a good coffee shop, small italian deli and bookshop with sofas, it does and will continue to do well. The only way waterstones will survive is to have good coffee and tea, comfy chairs, a couple of each of the books they sell to browse, and fast free wifi so you can buy the ebook (in kindle and epup form) there and then at the same price as amazon.
 HMV Board meeting - now. - Zero

>> and epup form)

I think I just invented the Amazon pet shop.
 HMV Board meeting - now. - Roger.
>> You just steal it on-line.
>>
No, I just don't want it, even if it's free.

The last DVD I bought was The Military Wives Choir's XMAS #1 from 2011 and that mostly because there was a donation to a military charity from the sales thereof.

My daughter has now joined the Military Wives Choir in Gütersloh, BAOR.
Heaven help them!
 HMV Board meeting - now. - VxFan
>> Gift vouchers are rapidly becoming debased currency, just not worth the risk or hassle.

My sister tends to give people Love2shop vouchers for Christmas/Birthdays. At least with these you're not compelled to have to use them in one particular shop. You can use them almost anywhere, so if one shop goes down the pan, you can still use them somewhere else.
 HMV Board meeting - now. - rtj70
>> Love2shop

Providing the people behind the vouchers do not go under. And we bought vouchers from M&S for Christmas and they lost them.... then found weeks later when they took down the cards. But M&S won't give a refund as they treat them as cash.
 HMV Board meeting - now. - VxFan
So, HMV to close.

Is this the Vinyl Countdown?
 HMV Board meeting - now. - DP
All those pre-internet good times when they got away with charging us £16 for a chart CD, and their complete failure to adapt to the internet age make this karma as far as I am concerned. Apart from sympathy for those potentially losing jobs, I cannot mourn this retailer.
 HMV Board meeting - now. - WillDeBeest
I'm another that likes the idea of record shops but seldom actually visits one, and it's more than a year since I last went into an HMV. Same reason as everyone else: if I know what I want, online is easier, and I don't do shopping as recreation any more.

On price, I have LPs I bought in the 1980s that still have their Our Price price stickers for £3.99 (which is what I paid for my very first LP in 1979) £4.99 or even - gasp - £5.99. Scale these up for inflation and you get to maybe £9-13, so today's CD prices don't look too bad. And the last new LP I bought cost £20.

Who's next? WHS is apparently doing OK under its new CEO. Boots worries me: I can't really see what it's for these days. Basic toiletries come with the groceries from Tesco; if I'm on the High Street looking for one item, Superdrug is likely to be cheaper; and premium stuff can come from airports, John Lewis or online. Before Christmas I took the Beestlings into our branch in search of something Mrs B had indicated she might like. Nothing outlandish but there was nothing suitable there. Didn't encourage me to go back.

 HMV Board meeting - now. - zippy
I pop in to HMV nearly every time I pop in to town, there is nearly always something interesting in their 2 for £10 selection. I don't trust digital downloads ever since I brought some digital download albums from a well known UK retailer who then stopped their service and the albums were no longer available for download even though they started up with a new service shortly after.

I will miss them even if their selection wasn't as good as the independents we had which closed in the late 80's and early 90's.

 HMV Board meeting - now. - Zero
>> I'm another that likes the idea of record shops but seldom actually visits one, and
>> it's more than a year since I last went into an HMV. Same reason as
>> everyone else: if I know what I want, online is easier.


I think everyone will be saddened by this, record shops were an important part of our youth, but there is now a whole new generation of "youth" for whom HMV is simply not relevant.
 HMV Board meeting - now. - RattleandSmoke
I am not so sure, I was a shop called Thats Entertainment opposite HMV which mainly sells second hand CDs and DVDs it buys off the internet for next to nothing. They operate a sort of webuyanycar website and pay like 50p CD. It was full of kids browsing through the records.

That said even my dad uses Spotify £5 as his main music source now and he's in his early 60's. I think age is becoming less relevant in terms of use of technology and buying trends. My mother did nearly all her Christmas gift shopping on Amazon.
 HMV Board meeting - now. - rtj70
Something that damaged HMV and other music sellers were the likes of Play.com and Tesco (and others) operating out of the channel islands and therefore avoiding VAT and able to sell cheaper products. How can you compete with that. The irony is that since the 'loophole' was closed, the likes of Play.com have shutdown their own sales operation and now only 'sell' other merchants goods...

... with the playing field a little more even perhaps HMV could still make a go of it somehow. Although I somehow doubt it. The damage was already done for physical media and now many only download their music and to a lesser extent, movies.
 HMV Board meeting - now. - CGNorwich
HMV 's suppliers do not want to be solely in thrall to Amazon and itunes and have a vested interest in the preservation of a national store chain. There will be some sort of rescue bid and a new HMV will emerge albeit with a lot less stores than at present
 HMV Board meeting - now. - John H
>> HMV 's suppliers do not want to be solely in thrall to Amazon and itunes
>> and have a vested interest in the preservation of a national store chain.
>>

.... have a vested interest in the preservation of a national store chain .... provided the chain is able to pay for the goods within 3 months of invoice date; unlike HMV which couldn't.

Last edited by: John H on Tue 15 Jan 13 at 12:43
 HMV Board meeting - now. - Zero
>> >> HMV 's suppliers do not want to be solely in thrall to Amazon and
>> itunes
>> >> and have a vested interest in the preservation of a national store chain.

No they don't, they want control of the online and download market, but they were too late because they stuck to the idea of physical media and music shops. They have floundered helpless as electronic media exploded around them.
 HMV Board meeting - now. - John H
>> (and others) operating out of the channel islands and therefore avoiding VAT and able to
>> sell cheaper products. How can you compete with that.
>>

How about setting up their own operation out of Channel Islands?

If that was their problem, and they couldn't think of the obvious glaring in their face solution, no wonder they went bust.

 HMV Board meeting - now. - Zero
>> Something that damaged HMV and other music sellers were the likes of Play.com

Play.com is closing up shop.
 HMV Board meeting - now. - movilogo
I wondered why HMV didn't go down before.

They predominantly sell music CDs. How many still buy CDs? Most of current generation people just download whatever they want (mostly free - irrespective of legality) and just burn MP3 CDs or put them in USB drive.

Jessops is rather different case. They sell cameras which is a physical item. But they are probably down because smartphone cameras eat their sales.
 HMV Board meeting - now. - Haywain
" How many still buy CDs?"

I still buy CDs, but mostly directly from the artiste. The sort of music I like isn't generally considered 'mainstream', so it's not very likely that music shops would stock it.
 HMV Board meeting - now. - Zero

>> I still buy CDs, but mostly directly from the artiste. The sort of music I
>> like isn't generally considered 'mainstream', so it's not very likely that music shops would stock
>> it.

Think you'll find they do

www.amazon.co.uk/dp/B0000252HI
 HMV Board meeting - now. - Haywain
"Think you'll find they do"

Yeah, but that's an on-line sale, Z. Did you buy your copy from a 'proper' shop?
 HMV Board meeting - now. - Zero
>> "Think you'll find they do"
>>
>> Yeah, but that's an on-line sale, Z. Did you buy your copy from a 'proper'
>> shop?

I wasn't planning to I have to admit, but now Amazon keeps sending me emails with details of morris dancing goods..... DOH!
 HMV Board meeting - now. - John H
>> Play.com is closing up shop.
>>
only their own direct sales.


as RTJ did say ".... since the 'loophole' was closed, the likes of Play.com have shutdown their own sales operation and now only 'sell' other merchants goods. .... "
 HMV Board meeting - now. - Zero
They sell nothing, its a portal.
 HMV Board meeting - now. - rtj70
Which is why I put quotes around 'sell'. It's now a bit like Amazon Market Place or whatever they call it. Others use the Play.com site to advertise their stock and for them to process payments. So you're trusting play.com rather than someone working from their garage or similar.

I remember when I first bought DVDs from play.com they were actually Play247.com
 HMV Board meeting - now. - R.P.
‎1993: W H Smith buys Waterstones (£9m). 1998: HMV buys Waterstones (£300m). 2006: HMV buys Ottakars (£63m), merges it with W's. 2011: HMV sells Waterstones (inc Ottakars) (£53m). 2013: Smith's and Waterstones are still here.
 HMV Board meeting - now. - mikeyb
Just goes to show how HMV's management just really didn't understand the market they were in. If WHS sell off a chain of book stores then that should have been a clue.

I like Waterstones, but its just to expensive - not sure who owns them now, but I doubt they have a long shelf life.

Appears there is already an interested party who may buy the whole HMV chain.

Branson saw the writing for music retailers was on the wall.
 HMV Board meeting - now. - John H
>> They sell nothing, its a portal.
>>

You said they were closing. They are not closing the portal, but they are closing their own direct sales.
 HMV Board meeting - now. - Zero
>> >> They sell nothing, its a portal.
>> >>
>>
>> You said they were closing. They are not closing the portal, but they are closing
>> their own direct sales.
>>

I said they were closing up shop.
 HMV Board meeting - now. - John H
>> >> >> They sell nothing, its a portal.
>> >> >>
>> >>
>> >> You said they were closing. They are not closing the portal, but they are
>> closing
>> >> their own direct sales.
>> >>
>>
>> I said they were closing up shop.
>>

here we go in circles yet again.

 HMV Board meeting - now. - idle_chatterer
I see (currently from afar) a fundamental change in the UK high street taking place. I worked for many years with retailers (including HMV) and the threat to their business model has been apparent for 4 or 5 years. initially it was from discounted/non-VAT internet sources such as Tesco and then it was from downloads. These paradigm shifts occur in many markets and I'm not sure incumbents ever generally survive - other examples I'd cite would be Sony (Walkman franchise killed by iPod), Kodak (killed by digital photography) and there are many others.

In some other countries the small shop still survives - grocer, baker, shoe-shops etc are common on the high st in Aus (although there are 'gaps' appearing), trouble is you pay more to shop in these places - so have to be prepared to pay more than the prices Tescos (or Woolworths in Aus) can offer as they're inherently less efficient (economies of scale).

This fundamental preparedness to pay more for your goods seems (to me) to be missed by those who complain of the demise of UK high st names, it applies to the sourcing of goods from China rather than the UK and so contributes to the lack of manufacturing jobs in the UK - what happened to 'buy British' ? Australian-made is a label on many things over here and they're proud of it (although manufacturing has its problems due to the strong AUD).

A trend to over-leverage retail businesses in the past decade is also probably to blame (at least for Woolworths and HMV), I wonder how Boots will support its massive debt going forwards ?

I'm sad to say that I think this is an irreversible trend in the UK. I like to buy CDs and DVDs, I immediately 'rip' them to iTunes but I like to own the physical media - hard disks fail you know....

 HMV Board meeting - now. - No FM2R
>>This fundamental preparedness to pay more for your goods seems (to me) to be missed by those who complain of the demise of UK high st names

Exactly.

Hence the demise of butchers, milkmen, bakery deliveries, the Corona Man (I loved Cream Soda) etc. etc. etc.
 HMV Board meeting - now. - Zero
You're repeating yourself, whats the matter the search box not working for you?
 HMV Board meeting - now. - John H
>> You're repeating yourself,
>>
Going round in circles, suits Zero as your name.

>> whats the matter the search box not working for you?
>>
It is. Here is another example of your "facts" being wrong:
www.car4play.com/forum/post/index.htm?t=12884&m=289831&v=e

 HMV Board meeting - now. - Zero
Oh your search box is working again, you must be so pleased. You must be about as bright as the worms in my compost heap without it.
 HMV Board meeting - now. - VxFan
>> HMV is run by Trevor Moore, who recently took over having held the chief executive's post at Jessops.

I'm guessing before that he was the safety officer on the Titanic?
 HMV Board meeting - now. - No FM2R
Actually I think he was in charge of re-arranging deckchairs.
 HMV Board meeting - now. - Old Navy
Maybe his skill is winding up companies, someone has to be good at it.
 HMV Board meeting - now. - Crankcase
Indeed. All you need is a share fund consisting of the companies that are always the administrators, like Deloitte. But I don't know if any of them are available, being a financial ignoramus.
 HMV Board meeting - now. - Focusless
Just remembered we've got a £35 Ally McBeal DVD box set on order from HMV - got an email on Monday saying it was in the post with an estimated delivery time of 2-5 days...

EDIT: when I say 'we' I mean Mrs F, obviously
Last edited by: Focusless on Thu 17 Jan 13 at 07:12
 HMV Board meeting - now. - Focusless
>> Just remembered we've got a £35 Ally McBeal DVD box set on order from HMV

Just arrived. Phew.
 HMV Board meeting - now. - diddy1234
you were lucky. lol
 HMV Board meeting - now. - Zero
>> you were lucky. lol

debatable.
 HMV Board meeting - now. - Alanovich
I'd have been happy to kiss goodbye to 35 sovs in order to dodge an Ally McBeal box set. Whilst pretending to look sad and annoyed, like.
 HMV Board meeting - now. - Alanovich
Gift vouchers to be accepted from tomorrow:

www.bbc.co.uk/news/business-21118711
 HMV Board meeting - now. - Fenlander
Excellent... in town on Wed so we'll see if I can get rid of the last credit I have on a gift card.
 HMV is sold to Hilco in rescue deal - VxFan

Restructuring specialist Hilco has clinched a deal to rescue music and DVD retailer HMV.

Hilco, which already owns HMV Canada, said it had acquired 132 HMV shops and all nine branches of the Fopp chain in a deal that could save 2,500 jobs.

www.bbc.co.uk/news/business-22040237#
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