HMV about to go into administration again

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

  1. octophone

    octophone a wonderful wooden reason

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    I have fond memories of New Release Monday as well. My nearest shop in the mid 90's was Missing, followed by Tower and Fopp but if I wanted singles I was best off walking further onto Argyle Street with the HMV and Virgin right next to each other.

    So many options, so much choice. As sales buckled, the choice narrowed and as the choice narrowed and everyone was fighting over the same slice of pie, shops began to close.
     
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  2. octophone

    octophone a wonderful wooden reason

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    I actually remember the first time I realised we were in trouble. It was 2003 and I'd just bought "Phantom Power" by Super Furry Animals on the day of release. I was almost immediately chided by gggggg/Bunty's Magic Whatnot for being "late" because it "leaked weeks ago". I knew then that the internet had created a culture where everything had to be NOW, no waiting, no anticipation, no release dates just "fuck's sake, it's obviously finished just put it out NOWNOWNOW".

    And then, when Radiohead did pretty much exactly that with "In Rainbows" (the first album "drop" of the current culture, albeit before it accelerated to the sudden, instant version we have now), it was over for music retail, really.
     
  3. Sheena

    Sheena MAKE IT QUICK, LUCILLE!

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    :D
     
  4. Ellie

    Ellie Super talented triple threat

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    I left my Saturday job at Virgin Megastore in 2002. It was all downhill from there.
     
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  5. Shirley

    Shirley I BITE BECAUSE I LIKE IT

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    Bloody Harpic Records letting us all down AGAIN. Could have single-handedly SAVED THE BUSINESS :(
     
  6. Ag

    Ag User

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    Gutted to see HMV Colchester closing. Since have a record player again, I popped in quite a bit. On and off there's been a music shop in some form in that corner of town, be it Virgin, Our Price and now HMV since the late 1980s.

    I really hope someone opens up a record shop in town, as there's just one vinyl trader in town on the market and while I've had some brilliant finds, it's not the same.
     
  7. Sheena

    Sheena MAKE IT QUICK, LUCILLE!

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    The problem with this is that it won't be a national, so it'll be indie and BORING REAL MUSIC focused. We have a record shop just around the corner from me, literally the next street and I NEVER go in, because I know there's never anything I'd remotely want, other than on Record Store Day. There is a REAL gap in the market if HMV disappears...
     
  8. Sheena

    Sheena MAKE IT QUICK, LUCILLE!

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    Anyway, I went in my local today and it was RAMMED. The guy behind the till said it was the busiest day they'd had in years and he hoped it was all one big marketing scam by the bosses as they haven't actually GONE into administration yet, just said they're close to it. I didn't have the heart to tell him...

    Anyway, the HMV Points question- they don't know when/ if the website will come up but people can still collect points. The £20 I converted from points into cash was totally ok, but if you haven't converted it yet, then it's a waiting game.

    And here is then the moan. Remember I said in my initial musings how I'd wanted the deluxe of the Lisa Stansfield album as it was £2.99 everywhere else and I'd been told "we do our own thing"? Literally HUNDREDS of copies of it at £2.99 today! Mostly on a shelf of sale CDs which weren't there on the 27th- so the second day (at least- did it actually start before Christmas?) of the sale. So fuck knows how many hardcores turned up, saw the sale was shit and left and how many opportunities were lost there.

    I ended up getting the aforementioned Lisa CD alongside All Saints' last album for a fiver and the Soft Cell "Tears and Keychains" boxset for £55, with another £20 off from my voucher, so essentially £35. Again, that (which is a really good deal at £25 cheaper than Amazon and £25 off their own standard price) was hidden in the racks on a "take me to the till card" with the boxset itself nowhere in sight. Utterly preposterous...
     
  9. jivafox

    jivafox Stay sexy don’t get murdered

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    I bought a bunch of DVDs (WORLD CINEMA of course) today at my local because I felt bad and it’s not even a potential closure :evil:
     
  10. Slave

    Slave User

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    I agree that there would be a gap in the market, but HMV have hardly been filling it.

    They’ve been chasing the “credible” market for ages. And whilst I acknowledge they have to do that to some extent in order to get people through the doors, I DO wonder whether they missed a trick by not pushing vinyls from Kylie, Madonna, etc - throw in some merchandise and sure, it wouldn’t have saved the business, but guaranteed they would shift the stock.

    God only knows how many Big Bang Theory doormats and t-shirts they have lying around in the stock room.
     
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  11. Sheena

    Sheena MAKE IT QUICK, LUCILLE!

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    But you can buy all that stuff there. The main vinyl display today had stuff from Spice Girls, Mariah Carey, Madonna on it, alongside newer releases. You won't get that in an independent store.

    Though, granted, this is where I feel the REAL issue lies.
     
  12. octophone

    octophone a wonderful wooden reason

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    Went in today. Busy for a Sunday, even in the holiday period, plenty of sales going through. The people chatting with the staff today were sympathetic, unlike that revolting vulture I had the misfortune to witness on Friday.

    Picked up 2 Kate Bush remasters at £6.99, Mitski's latest at £4.99 and Aretha Franklin's "The Atlantic Singles" for £4.99 but worth noting that all of these were restickered, rather than brought-in "sale" stock i.e. it's a genuine clearance.

    Fopp, therefore, doesn't have the same offers and had all 4 of those at normal full price. Picked up a couple of books and Bowie's "Blackstar" there. It was dead, compared to the HMV, normal for a Sunday.
     
  13. FetchFugly

    FetchFugly closing in again

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  14. lolly

    lolly Rowena? From Kuwait?

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    From music week

    Online discount club BuyVia has revealed it is in talks about a potential rescue of HMV.

    The music chain went into administration following a difficult trading period over Christmas. The latest BPI 2018 figures show a continued decline in physical sales, though HMV had been outperforming the market.

    Administrators KPMG are working on a potential sale of HMV.

    Now BuyVia, which helps users secure discounts for high street shopping, has made an early bid to take over the HMV brand and maintain some of the stores.

    A statement from BuyVia revealed it has drafted plans and is in talks with KPMG. The proposed takeover would see BuyVia saving a number of retail stores and using its digital expertise to overhaul HMV’s web store.

    HMV has seen strong growth in its online mail order service during 2018.

    "HMV has been a major player in the retail entertainment industry for nearly a century," said BuyVia representative Amy Jordan. "While the company has undeniably struggled in recent years, we here at BuyVia feel that plenty of progress can easily be achieved. We are now engaged in talks concerning how some of HMV's most significant retail presences could be saved from closing up shop forever. We also believe that BuyVia is perfectly positioned to turn HMV into a far more competitive and capable online retailer as well."

    ERA’s Kim Bayley has spoken about the importance of saving HMV for the biz.

    Turnaround specialist Hilco acquired HMV after it first went into administration in 2013.

    [​IMG] FOLLOW ANDRE PAINE
     
  15. FetchFugly

    FetchFugly closing in again

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    So it sounds like a limited number of shops and concentrating on online. At this point I guess that's probably as good as it is going to get to be fair...
     
  16. FetchFugly

    FetchFugly closing in again

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  17. octophone

    octophone a wonderful wooden reason

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    I was in on Saturday. Quite busy. A lot of vinyl on sale. The CD sale stock doesn't seem to have shifted that well. They still have calendars. £6.99 on the 12th January? Optimism is one thing, that's just daft.
     
  18. Ag

    Ag User

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    How are the Moopy funds looking?
     
  19. Star

    Star Homo Secretary (OB)

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    £564.96

    I can put an offer in.
     
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  20. octophone

    octophone a wonderful wooden reason

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    Cool. See if they'll give us just Fopp.
     
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  21. FetchFugly

    FetchFugly closing in again

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  22. Indie

    Indie Skeptopotamus

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    Mike Ashley to own everything please.
     
  23. Zu-Klara

    Zu-Klara OBESE DYKE

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    Fopp only please. It must have been mentioned before but surely the thing which killed HMV was DOORMATS. I’d rather have a snapped Miquel Brown 12”. In fact I’d rather be DEAD
     
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  24. Star

    Star Homo Secretary (OB)

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    Fopp said no, but I've spoken to @Floppet and she says she'll be ours for a tenner.
     
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  25. octophone

    octophone a wonderful wooden reason

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    OK, let's get the contract finished before Mike Ashley makes a bid for her.
     
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