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Tue Jan 15, 2013, 07:32 AM

HMV music and film chain to appoint administrator

Even though HMV has gone downhill recently this is still very sad news.

http://www.bbc.co.uk/news/business-21021073

Music and DVD chain HMV is to appoint an administrator, making it the latest casualty on the High Street and putting about 4,350 jobs at risk.

Deloitte will keep HMV's 239 stores in the UK and the Republic of Ireland open while it assesses the prospects for the business and seeks potential buyers.

Trading in HMV shares on the London Stock Exchange has been suspended, HMV said in a statement.

8 replies, 1184 views

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Reply HMV music and film chain to appoint administrator (Original post)
T_i_B Jan 2013 OP
dipsydoodle Jan 2013 #1
T_i_B Jan 2013 #3
dipsydoodle Jan 2013 #4
non sociopath skin Jan 2013 #5
T_i_B Jan 2013 #6
non sociopath skin Jan 2013 #2
muriel_volestrangler Jan 2013 #7
mahatmakanejeeves Jan 2013 #8

Response to T_i_B (Original post)

Tue Jan 15, 2013, 08:33 AM

1. Doesn't surprise me.

I buy absurd numbers of CDs and DVDs - don't like downloads other than iTunes for the nano pod for taking on holiday whatever. All of the stuff is bought online and I don't use shopping centres at all - just edge of town supermarkets with their own free car parks.

If councils want to turn parking into a tragedy then fuck'em - they are accelerating the demise of their shopping centres.

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Response to dipsydoodle (Reply #1)

Wed Jan 16, 2013, 03:24 AM

3. I don't use edge of town shopping centres if I can avoid it.....

.....and I've never brought a CD from a supermarket in my life. If nothing else their selection of CD's I find to be pretty poor.

My concern is more about town centres. For me record shops used to be one of the best things in town centres, then most of them shut, leaving only HMV on most high street's. Now that's gone as well. It's no suprise and if I'm honest HMV did deteriorate quite badly towards the end.

You have to ask what's going to replace HMV? We've got enough pound shops, bookies and charity shops as it is and quite frankly there needs to be decent attractive stores in town centres, otherwise people will shop elsewhere. I don't want to see the death of the town centre.

I suppose we will just have to support independent record stores instead! And not many of them are left either.

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Response to T_i_B (Reply #3)

Wed Jan 16, 2013, 05:15 AM

4. I meant

supermarkets on the edge just for food - not for CDs etc. Apart from that they're stand alone units not centres - Sainsburys , Asdas and Tescos all have their own remote sites here in Watford as does Waitrose up the road in St Albans.

From the days when I only bought jazz and swing Moles has shut and Rays moved off to Foyles - the local shops only had poor selections of that anyway. Since I started buying Old Time Traditional American 10 years ago there is even less of that in conventional "record shops" like HMV.

Great search engine here on this site if you ever want to find stuff by track name whatever: http://www.jpc.de/ just click on english.

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Response to T_i_B (Reply #3)

Wed Jan 16, 2013, 05:51 AM

5. Couldn't agree more

A few years ago, we were showing an American friend around Newcastle and he couldn't believe that it still had such a vibrant and varied "Downtown". Now, the Bullingdon Boys and their acolytes are taking the Northern cities in the direction of Detroit and Cleveland.

The Skin

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Response to non sociopath skin (Reply #5)

Wed Jan 16, 2013, 06:18 AM

6. There's a number of factors at play here.

There's the rise of online shopping, which played a major part in the demise of the record store.

In some cases, bad planning decisions by local authorities haven't helped.

There's also competition from out of town shopping centres like Bluewater in Kent and Lakeside in Essex, and retail parks.

And the current trend for places like Poundstretcher and bookies which are not appealing in my opinion. Certainly not as appealing as HMV was in it's prime.

The current economic climate isn't helping, but even if the economy were reasonably healthy the trend away from the High St would very likely still be there. Whatever else they are guilty of, Cameron & Clegg are not to blame for HMV's demise.

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Response to T_i_B (Original post)

Tue Jan 15, 2013, 03:26 PM

2. Won't be long before the Amazon tax-dodgers can charge what they like

The Skin

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Response to T_i_B (Original post)

Wed Jan 16, 2013, 10:04 AM

7. And now Blockbuster too

Blockbuster goes into administration

DVD rental firm Blockbuster has become the latest UK High Street firm to go into administration after hitting hard times.

The chain has 528 stores employing 4,190 staff.

Deloitte, the accountancy firm that will now take over the day-to-day running of the firm, said Blockbuster had been affected by competition from internet-based film services.

The firm will keep trading while the administrators try to find a buyer.

http://www.bbc.co.uk/news/business-21047652

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