HMV: Debt-laden retailer may appoint administrator

I know its a sign of the times,as said,but the internet is killing the high street. While the internet is handy for buying cd's/dvd's etc,its a shame that in the not too distant future u will only be able to get cds etc online or in Supermarkets,which is a pity,as i too liked to browse through hmv/virgin/tower records,etc etc over the yrs,and going online or to tesco/asda just isnt the same as going to a dedicated music store :thumbsdown:

Also,this is the main issue thats bad about the 'net...u can man an online store with fewer staff than an actual chain of hi street stores,hence why more ppl will end up Unemployed :thumbsdown: :(
(plus u lose HUMAN INTERACTION by shopping solely online).
 
The irony here of course is that smaller, independent shops and the appetite for vinyl is increasing. Precisely the types of businesses HMV played a huge hand in destroying back in the late 80s and early 90s.

The next stage? Consumers will probably end up wanting more of an analogue experience for those special purchases.
 
ksher said:
Coffee shops make lot of money and pay little tax.
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Don't be so sure they make a lot of money.

Their AWT (average weekly take) for a typical branch is probably only about £12-13k and they are often in prime retail Zone A rental areas. I would guess near enough 100% of Starbucks etc estates are leasehold so they will be paying big rents with upward only rent reviews.

If Starbucks are making more than 7-8% margin I'd be surprised.
 
I used to enjoy going to record/CD stores and having a good browse but it's been a very long time since any HMV store resembled anything like a record shop. They are invariably filled with poorly organised racks of over priced tat for your iPod, crap books, bargain bin compilation CDs, rack upon rack of crap DVDs like "(insert football team name here) the glory years"

I had a reason to go into an HMV store just before Christmas. I was looking for a particular DVD boxset for my wife. I walked into the store which looked like a mix between a hermits cave and a landfill site. After nearly 30 minutes of searching I eventually found what i was looking for..... it was nearly £20 more than i could get it via any online retailer. I walked back to my office and ordered it from Tesco online.

Mary Portas has it right. The high street needs to change, sticking stuff on shelves isn't good enough. The only shop I can imagine visiting on the high street and having a good experience in is Apple. You get to play with the products, the staff are knowledge and buying is made simple.
 
Apple can only manage their retail model on the back of the high margins their products command. Very few retailers will be able to replicate this
 
With Apple you also know there is no cheaper shop on the internet to buy from.
 
Mowflow said:
The only shop I can imagine visiting on the high street and having a good experience in is Apple. You get to play with the products, the staff are knowledge and buying is made simple.
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You wanna try Ann Summers........they love you playing with the products.



Sent from my iPad using Tapatalk HD
 
jimbo1958 said:
Mowflow said:
The only shop I can imagine visiting on the high street and having a good experience in is Apple. You get to play with the products, the staff are knowledge and buying is made simple.
Click to expand...

You wanna try Ann Summers........they love you playing with the products.
Click to expand...

:lol: are we back onto the high heels, stockings and Amsterdam theme again?
 
Like a set of dominos falling - another one bites the dust

http://m.bbc.co.uk/news/business-21047652
 
Not exactly shocked at that one. All the local DVD hire shops have gone that way or revised their business over the past few years. When was the last time you ever went into a DVD store- and no, we're not back onto Ann Summers again :D


Tapatalking...
 
I think blockbusters went bust in ireland years ago, so inevitable really.

My first ever job was in blockbusters as work experience :lol:
 
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