HMV about to go into administration again

Discussion in 'Moopy Moop' started by Sheena, Dec 28, 2018.

  1. Sheena

    Sheena MAKE IT QUICK, LUCILLE!

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    (I could only find an old HMV thread, so merge if there's a newer one, but I feel this is warranting more than of being hidden in the "SHOPZ- DED" thread...)

    Well, here we are again, folks:

    https://www.theguardian.com/business/2018/dec/28/hmv-on-brink-second-collapse-administration

    As I just said on Facebook, it's such a shame, but not a surprise. It's an outdated business model, sure, but they've done fuck all about adapting- my local one (which is a mini one and has always been rubbish) focuses on DVDs, but its downstairs (which is basically just an entrance hall bit, but surely is the bit where you entice people in) just has t-shirts, mugs and the top 20 albums in it, it STILL concentrates on selling electronics you can get way cheaper online with next day delivery and they still have BIZARRE pricing. (Example- the last Lisa Stansfield deluxe album is being advertised everywhere as £2.99 in their sale, but was £16.99 in mine yesterday and when questioned, the spotty youth who served me told me "We do our own thing here"...)

    On a purely personal note, I still buy most of my music from HMV as I want to keep them afloat. I love being in a record shop (even if HMV annoys me more and more) and that's getting harder and harder. Equally annoying is that on their PERPETUALLY DREADFUL points card scheme which takes you about THREE YEARS to earn a fiver, I have finally collected almost enough for £50 of spend, but now I can't risk it and so have to CASH IN. Fuckers. :evil:
     
  2. Dr Lecter

    Dr Lecter HAS BEEN

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    It is a shame . My local one seems quite busy at times but generally it’s just older people buying Dvd bundles . They have increased one whole side to vinyl and that seems the most prominent.
    And then the rest seems to be t shirts and funko pop figures and then as you said the high priced electronics .

    Oh for the days of spending hours in the massive Oxford Street one - that was like an event shopping day
     
  3. Slave

    Slave User

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    I still pop in occasionally and I DO like having somewhere to browse, but it is often a library of things I then go and buy online for the reasons listed above.

    I agree, they can’t blame streaming. Their stores are a mess - it’s so clear they don’t know what they want (or rather, NEED) to be since the iTunes boom. The gradual decline in album sales alongside the rise of Netflix over the last few years must have seen them almost trading on goodwill alone.
     
  4. Sheena

    Sheena MAKE IT QUICK, LUCILLE!

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    The vinyl thing- our local one (which, as I said, has always been shit and seemingly different to normal HMVs in that its focus has always been ENTIRELY DVDs) didn't even have vinyl until just before last Christmas and even now it takes up about 5% of the overall shop. When I was in there yesterday, the only section that was busy was vinyl- fair few "kids" (well, early 20s...!) buying things with gift cards they'd got for Christmas for their new record players. So why is there still at least 10% of the shop devoted to massively overpriced headphones/ record players etc.?

    And don't get me started on the price tags- £28.99 for Abba Gold yesterday. NEARLY THIRTY QUID FOR AN ALBUM! They just don't have any idea, and that's what saddens me most.
     
  5. Sheena

    Sheena MAKE IT QUICK, LUCILLE!

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    HMV Online is actually as cheap as Amazon as well, but no one knows about it. Longer delivery times, granted, but why haven't they advertised the fuck out of that?
     
  6. Sheena

    Sheena MAKE IT QUICK, LUCILLE!

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    This is entirely correct

    This less so. They've been trading on DVD sales, basically. But what they haven't done is tried to evolve from there- DVD sales are in the toilet as well, but rather than looking at what is rising (vinyl), what they could really specialise in (they are the only CD shop left) etc., they've just stuck with the same formula. I mean, I've seen loads of articles about the rise of cassettes recently- now, I am not saying HMV should suddenly start concentrating on cassettes, but why haven't they struck a "sale or return" with a few of the artists and devoted a couple of shelves to them to see what happened? You're the country's leading, nay, ONLY music retailer. They should be leading, not reactionary...
     
  7. Iguana

    Iguana One two CHA CHA CHA

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    Ah the good old days of wandering between HMV and Virgin Megastores to see which had an album for £1 cheaper than the other. It really was mecca to music lovers. I just don't even bother now because as you say Sheena the pricing is all over the place and why pay more when you don't have to.

    My main reaction when I see an HMV is usually surprise that it's still there
     
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  8. Sheena

    Sheena MAKE IT QUICK, LUCILLE!

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    Imagine my youth- when you had HMV, Woolies, WHSmith, Virgin Megastore AND Our Price in the same high street. And if it was a top 40 album, Boots were the cheapest anyway!

    Oh THOSE WERE THE DAYS!
     
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  9. octophone

    octophone fucking ADMIN, bitches

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    The bastard for me is that it means we lose Fopp as well which is my prime source of new releases and of inexpensive/reduced price books.

    That will literally leave me with nowhere to buy new albums.
     
  10. octophone

    octophone fucking ADMIN, bitches

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    I was reminiscing about Byres Road in the 90's the other day: Fopp (the original pre-HMV Fopp), Lost In Music, Echo, John Smiths and Music Mania. In town, HMV, Virgin, Our Price, Missing, Avalanche...

    Oh yesterday, leave me alone.
     
  11. Indie

    Indie Skeptopotamus

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    My youth will miss it but I've honestly not been in for about a decade.
     
  12. Sheena

    Sheena MAKE IT QUICK, LUCILLE!

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    Is Fopp (which, lest we forget, HMV ruined in the fucking first place by buying to get rid of the competition, closing most of them down and turning them into Waterstones) still considered part of the same company, though, or separate? Same owners, yes, but if Fopp is still considered a separate company, it won't be subject to the administration order...
     
  13. octophone

    octophone fucking ADMIN, bitches

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    I'm in Fopp every week. And HMV every couple of weeks. I still try and buy new physical product in the shops which is because Amazon's delivery service is shite when you live in a flat and I was tired of vinyl getting damaged in the post. This would be a massive shift for me.
     
  14. octophone

    octophone fucking ADMIN, bitches

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    No idea. I did notice their "sale" was totally different but that could be strategic.
     
  15. Sheena

    Sheena MAKE IT QUICK, LUCILLE!

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    A quick search on Companies House suggests (on the surface, at least) it's all one company, so yes, FOPP would be dead too...
     
  16. octophone

    octophone fucking ADMIN, bitches

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  17. dmlaw

    dmlaw Democracy doesn't work

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    I've also been trying to buy new albums in HMV because they're usually about the same price as Amazon and there's never any real guarantee as to whether the delivery people will actually leave the Amazon delivery outside my flat door like they've been told or whether they'll take it back to the sorting office in the red light district.
     
  18. Indie

    Indie Skeptopotamus

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  19. octophone

    octophone fucking ADMIN, bitches

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    Amazon leave stuff anywhere and with anyone, it's why I don't use them much. I use the market place or get it delivered to a pick-up point.
     
  20. dmlaw

    dmlaw Democracy doesn't work

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    Yean, I'll probably have to start using the pick up points if HMV/Fopp actually are killed off for good. I can't help thinking that Amazon will mysteriously become a bit more expensive once that has happened, as well.
     
  21. Sheena

    Sheena MAKE IT QUICK, LUCILLE!

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    Seriously, do it now. If they do go into administration, they'll be just rendered worthless immediately.

    Same with gift cards.
     
  22. Slave

    Slave User

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    I doubt this. HMV have been chasing Amazon’s prices for years, not the other way around.

    Plus, CDs and DVDs are still a staple of almost every supermarket.
     
  23. dmlaw

    dmlaw Democracy doesn't work

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    Even the supermarkets are reducing their CD stock a lot. The most recent Muse album, which was a number one, was unavailable in my local Sainsbury's two weeks after release.
     
  24. octophone

    octophone fucking ADMIN, bitches

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    Nope. The Tesco here in the town centre reduced their stock massively in October and the other one further down ditched both completely.
     
  25. octophone

    octophone fucking ADMIN, bitches

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    Plus, fine if you want Little Mix, not fine if you want She Makes War, Neneh Cherry or Let's Eat Grandma.
     
  26. Slave

    Slave User

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    Supermarkets WITHOUT CDs are still more an exception to the rule. Yes they don’t sell as many as five years ago, but most of the superstores still hold a top 50 - albeit one that bears little resemblance to the actual top 50.
     
  27. lolly

    lolly Rowena? From Kuwait?

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    Tesco and Sainsbury's at least have both stated they are moving away from music and video. They are on the way out.
     
  28. lolly

    lolly Rowena? From Kuwait?

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    It was only a couple of months ago that the OCC was reporting that HMV had overtaken Amazon for physical music sales. I guess.whoever is in the lead, the money isn't in it.
     
  29. Ag

    Ag User

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    I pop into HMV quite a bit to browse the vinyl, but I rarely buy due to price. Otherwise it's only if I need some headphones.

    The staff seem utterly clueless.

    It will again be a massive shame but utterly expected. They have a pretty large shop in town. They could easily downgrade.
     
  30. lolly

    lolly Rowena? From Kuwait?

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    Ours already have up a quarter of their floorspace a while back. I really don't think I'll miss it, as I can't say I enjoy going in there, and I imagine I can count on one hand the times I've been in this year, despite the fact I'm in town several times each week. I also can't remember at all the last time I actually bought anything there.

    Fopp will be a bit more of a blow, but not SO much.
     
  31. Slave

    Slave User

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    Yeah the stores are definitely TOO BIG - I haven’t seen one in ages that looked like they weren’t just shoving things in corners to fill space.

    On the other hand I find Fopp incredibly claustrophobic.
     
  32. lolly

    lolly Rowena? From Kuwait?

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    We have Rough Trade here, but I don't particularly enjoy shopping there - it's all a bit too vinyl and serious for me. They have a cafe and a venue space though, and I imagine that must be where they make money, as I don't see the tills any busier than HMV, if even that.
     
  33. octophone

    octophone fucking ADMIN, bitches

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    Correct - there's no margin. Consumer pressure has kept CD prices too low for there to be anything in it. How much do we think HMV made when I bought Abba Gold and "Ziggy Stardust" for a tenner the pair last week? Pennies.

    And this is why the supermarkets are moving out - not enough profit per square foot of floor space.
     
  34. Crash

    Crash Thank You

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    It will be a real shame to lose them off the high street but as what has already been said their business model is just TOTALLY wrong. I just take a look at Waterstones in the face of declining physical book sales reinvented what their stores would be to their customer, and became an almost haven for book lovers. I FAIL to see how HMV couldn't develop something like this, there is definitely a market there - but like already said they just do not have a bloody clue.
     
  35. Robbie

    Robbie User

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    It'll be sad to see it go but the last time I was in HMV was in November 2005! And that was to buy a classical CD collection for a Christmas present. It was also the same day that I last went into a Woolies (and it's 10 years ago this week when all the Woolies shops were starting to close down!). I think the last time I went to HMV to actually buy something for myself was back in the late 90s...

    Considering it costs me £7 to buy a day bus ticket to Newcastle it's much cheaper and easier to buy a CD online, not that I've done that for a while either. Sadly that's part of the reason why bricks and mortar shops are going to the wall these days.
     
  36. SDF

    SDF The Wait is Over

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    Well this is all very sad but as much as I love music I rarely get to the go to the HMV here because it’s now a bit far away to make the trip.

    Amazon is just so much more convenient, as much as I’d prefer not to shop there, you can’t really escape it. And the pick up points are everywhere these days too.
     
  37. lolly

    lolly Rowena? From Kuwait?

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    Book sales have increased in the UK for the last three years though - music sales are falling by a considerable degree year on year. I think HMV has a far bigger task than Waterstones in terms of reinventing itself. I don't think the mass market IS there.
     
  38. octophone

    octophone fucking ADMIN, bitches

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    It is - it's still worth 2bn per year. It's just difficult to capture at scale. HMV used to be everywhere but as they've shrunk, they've ceased to be "convenient".
     
  39. wendy the goat

    wendy the goat PS1 Hagrid is sick of your shit

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    Think the last time I ventured in HMW was last Christmas to look at POP figures and posters with the kids.
    G did buy me a CD from the one at Meadowhall 2 weeks ago so i'm sort of doing my bit..
     
  40. lolly

    lolly Rowena? From Kuwait?

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    The figure I've seen quoted from 2017 states UK sales from sales and streams were £839.5m. That's up 10.1% - but because streaming alone increased by 41%
     

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