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HMV call in administrators

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HMV call in administrators

Postby alan666 » 14 Jan 2013, 22:00

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

http://www.ft.com/cms/s/0/c4096aee-5e82 ... z2HzAWZwfA

HMV, the music and DVD retailer employing about 4,350 staff, has become the latest casualty on the High Street after appointing an administrator.

Deloitte was appointed to run the 239-store chain following a meeting of the HMV board on Monday evening, the BBC understands.

A formal announcement is expected later.

HMV has been in crisis for months, and in December warned it faced a possible breach of bank loan agreements.

HMV has faced intense competition from the boom in buying music and DVD online.



there will only be GAME & Tesco now on the high street :(
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Re: HMV call in administrators

Postby JustOneMoreGo » 14 Jan 2013, 22:17

Given that Game are owned by Opcapita I don't hold out much hope for their long term future either.
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Re: HMV call in administrators

Postby TheLastDodo » 14 Jan 2013, 23:04

s**t.

That's one less reason to go into my town now.

I'm stuck with Game and Asda in my town to buy games from, wonderful, overly expensive or f**k all choice.

And some people wonder why folk turn to shopping online,
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Re: HMV call in administrators

Postby Carbon64 » 15 Jan 2013, 01:29

f**king hell ! There's going to be no where left at this rate :? All I need now is for waterstones to go and there'll be no where left to look up the town.
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Re: HMV call in administrators

Postby FishyGinger » 15 Jan 2013, 10:35

Carbon64 wrote:f**king hell ! There's going to be no where left at this rate :? All I need now is for waterstones to go and there'll be no where left to look up the town.


Don't hmv own waterstones or was it sold?

Tis a shame, can't think of much else beyond Game in my city but I don't know it well enough. Think the problem Dodo was people had already turned to online shopping.
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Re: HMV call in administrators

Postby Carbon64 » 15 Jan 2013, 12:10

Your just trying to cheer me up now fishy ain't you :lol:
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Re: HMV call in administrators

Postby FishyGinger » 15 Jan 2013, 12:27

Carbon64 wrote:Your just trying to cheer me up now fishy ain't you :lol:


Am I failing :P
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Re: HMV call in administrators

Postby neilpfox » 15 Jan 2013, 13:38

I'm guessing PC World/Curry's is next.
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Re: HMV call in administrators

Postby ricflair » 15 Jan 2013, 13:50

I think DSG are actually doing ok, or at least not haemorraging money like the others.

What baffles me about these companies, is I can understand the retail prices have to be higher than the online competition, but why are Game and HMV so bloody expensive compared to lots of other websites?

I'll be going in there to hammer the vinyl at Oxford Street if they go down the s**tter. Actually, their records aren't too unreasonable in terms of price.
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Re: HMV call in administrators

Postby middle finger » 15 Jan 2013, 13:57

s**t, I got 50 pounds in voucher at cex, but sure they're doing well?
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Re: HMV call in administrators

Postby neilpfox » 15 Jan 2013, 15:44

What gets me, in Nottingham HMV stores, they're full of customers and there's a constant queue.
Okay, they're not the cheapest, certainly not in games anyway but there films are resonably priced which keeps people coming back.

As well as online, I think digital media/streaming is hammering down on highsteet stores too. The likes of Netflix and Lovefilm or even Spotify could take customers away from even online retailers, it's certainly easier and far more convenient.
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Re: HMV call in administrators

Postby middle finger » 17 Jan 2013, 00:55

Yep, at 12 p/m there's whole lot of it.
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Re: HMV call in administrators

Postby Multiplayerking » 17 Jan 2013, 13:13

neilpfox wrote:The likes of Netflix and Lovefilm or even Spotify could take customers away from even online retailers, it's certainly easier and far more convenient.


Slightly off-topic: Netflix doesn't seem to work for me. Even with my tasty 7.5 mb broadband speed, the audio never matches up with the picture, and I end up watching shows on free sites. Anyone else get this?
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Re: HMV call in administrators

Postby FishyGinger » 17 Jan 2013, 13:59

Multiplayerking wrote:
neilpfox wrote:The likes of Netflix and Lovefilm or even Spotify could take customers away from even online retailers, it's certainly easier and far more convenient.


Slightly off-topic: Netflix doesn't seem to work for me. Even with my tasty 7.5 mb broadband speed, the audio never matches up with the picture, and I end up watching shows on free sites. Anyone else get this?


That's because instead of normal cables they use potatoes for internet lines over there.

http://www.youtube.com/watch?v=As8quxqkVpE
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Re: HMV call in administrators

Postby DAEDALUS79 » 17 Jan 2013, 17:07

neilpfox wrote:What gets me, in Nottingham HMV stores, they're full of customers and there's a constant queue.
Okay, they're not the cheapest, certainly not in games anyway but there films are resonably priced which keeps people coming back.


HMV in Notts is a great store though, easily the best HMV ive ever been in.
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