HMV set to go into administration

cherryghost

Focusing on DVDs and music? 2 mediums that are dying?

ShadowHearth

cherryghost wrote: »

Focusing on DVDs and music? 2 mediums that are dying?

That's what I though. Why not to start selling floppy discs etc.

Out of 3 mediums they decided to put all eggs in to the worst mediums left.

McLoughlin

cherryghost wrote: »

Focusing on DVDs and music? 2 mediums that are dying?

Those mediums aren't dying there still is a large demand for them especially in specialist markets the problem is can high street prices and selections compete with online prices and selections.

McLoughlin

McLoughlin wrote: »

Those mediums aren't dying there still is a large demand for them especially in specialist markets the problem is can high street prices and selections compete with online prices and selections.

Actually price wise HMV were quite competitive when it came to pricing. New release Blu-Ray and DVDs were more often than not cheaper than amazon. CD prices were equally good with some great bargains, their 2 for 16 (or was it 18) on new releases was the best value around. I got both the last Soundgarden and Deftones albums on release day for only a few euro more than one of them was on amazon.

Clemenza

Anyone know where to apply?

My missus worked for them over the 3 years at Christmas and would very much like to go back

Thanks

Max Power1

Hope they still honor the vouchers and take on the staff that were previously laid off.

Both for the same reason, it is the equitable thing to do!

Dravokivich

cherryghost wrote: »

Focusing on DVDs and music? 2 mediums that are dying?

Games wasnt the focal part of their business. The big gap in the market now is for a shop to get movies and music. Not everyone is interested in getting PCs to download, or using Netflix on a console.

degrassinoel

McLoughlin wrote: »

Those mediums aren't dying there still is a large demand for them especially in specialist markets the problem is can high street prices and selections compete with online prices and selections.

It's nowhere as big as it used to be, but i agree the market is still there, and it's quicker than waiting for your stuff by post. Though digital distribution will eventually eclipse it imo. Film isn't quite where music is in that sense. Not legally at least.

ussjtrunks

Is Cork coming back or just the Limerick and Dublin ones so far?

Gunmonkey

ussjtrunks wrote: »

Is Cork coming back or just the Limerick and Dublin ones so far?

So far its just the 3 Dublin stores and the Limerick store, and they are trying to get Grafton St back running too, but I think that and the Cork stores would just sink them again with rent, heard rumours the Cork stores rent was over €1million a year which is them clearing over €3000 a day just to pay rent, let alone stock/staff/utilities etc.

shruikan2553

They are "looking into" opening HMVs in Cork and Galway so it is a maybe for them two.

enigmatical

I'd assume they'd have to get a better deal on rent in Cork to reopen. So either a rent reduction or a new premises.

C14N

jasonbourne.cs wrote: »

im guessing outstanding HMV vouchers will not be honored .... :rolleyes:

Well hopefully my Liffy Valley and One for All vouchers will be, been sitting on those a while with nothing to buy

Mr.Saturn wrote: »

I wouldn't celebrate just yet, part of Hilco's successful restructuring of HMV Canada was getting rid of games. They've also gone on record about their plans for their UK shops, saying that the focus is primarily on DVDs and music.

That's odd, you'd think there would be more money in video games, especially since video game piracy isn't nearly as rampant as film and music piracy and at the moment, digital distribution really isn't as big of a competition.

Dravokivich wrote: »

Not everyone is interested in getting PCs to download, or using Netflix on a console.

This is true. There seem to be a huge number of people getting behind forcing everyone into the future with digital distribution but they forget that a large portion of this country can't even take advantage of that. "Broadband" penetration is relatively high but a good part of that outside of urban areas is either slow copper-wire broadband (like mine, 1.5Mb) or, even worse, 3G broadband which is inconsistent and very slow in a lot of places. Watching Netflix on that would be torturous.

Other problems are the huge quality drop when watching/listening online and the increased prices, which are the main reason I'm looking forward to HMV coming back.

readyletsgo

Please sell games HMV, sick of going into Gamestop with their bad offers and buying online and waiting an age for it to arrive.

cloud493

I'm sure they won't abandon games completely, they haven't in the UK. I'l be happy enough for somewhere to buy blu rays other than the crazy prices at golden discs.

Corkfeen

[Deleted User] wrote: »

Actually price wise HMV were quite competitive when it came to pricing. New release Blu-Ray and DVDs were more often than not cheaper than amazon. CD prices were equally good with some great bargains, their 2 for 16 (or was it 18) on new releases was the best value around. I got both the last Soundgarden and Deftones albums on release day for only a few euro more than one of them was on amazon.

My concern is that they may have been making a loss by trying to compete with Amazon in pricing.

Sabre Man

Gunmonkey wrote: »

So far its just the 3 Dublin stores and the Limerick store, and they are trying to get Grafton St back running too, but I think that and the Cork stores would just sink them again with rent, heard rumours the Cork stores rent was over €1million a year which is them clearing over €3000 a day just to pay rent, let alone stock/staff/utilities etc.

Any time I was in there they was always very busy. I hope they reopen.

Richard Dower

I guess the Cruise St. branch in Limerick was asking for too much rent, the Cresent is a wast imo,

NTMK

Richard Dower wrote: »

I guess the Cruise St. branch in Limerick was asking for too much rent, the Cresent is a wast imo,

the hmv in the cresent is the bigger store in a shopping centre thats not fully dead. Cruises street (and Limericks city centre) imo is a graveyard for failed businesses.

starviewadams

Same crowd who bought HMV (Hilco) are after buying Xtravision:

http://www.rte.ie/news/business/2013/0611/456005-xtravision-sold-hilco/

C14N

starviewadams wrote: »

Same crowd who bought HMV (Hilco) are after buying Xtravision:

http://www.rte.ie/news/business/2013/0611/456005-xtravision-sold-hilco/

These guys must really see a bright future for physical media.

Snake Plisken

That's great news that HMV will re-open I do hope they don't abandon Games/Consoles altogether as I am looking around on where to buy the PS4 and lamenting the lack of Game and HMV as competition for Gamestop to order from a bricks and mortar store and pick up on release day!