HMV go into administration for the 2nd time in 6 years Watch

snugglebear
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#21
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They brought it on themselves by failing to adapt. They could have had silent discos, exclusive streamings, done deals which artists for new exclusive stuff, tv show streaming, had concerts, signings, vinyl recordsetc. but they just remained the same...
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CoolCavy
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(Original post by snugglebear)
They brought it on themselves by failing to adapt. They could have had silent discos, exclusive streamings, done deals which artists for new exclusive stuff, tv show streaming, had concerts, signings, vinyl recordsetc. but they just remained the same...
Exactly. Even if you are a multimillion pound company your product still needs to be functional and enticing for a consumer. They got complacent thinking the market would adapt to them rather than vice versa.
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Rock Fan
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(Original post by CoolCavy)
Exactly. Even if you are a multimillion pound company your product still needs to be functional and enticing for a consumer. They got complacent thinking the market would adapt to them rather than vice versa.
Woolworths had this problem, they refused to adapt and it cost them big time, luckily I had already left them before it all hit the fan. But still I had friends working for them still and I felt bad for them.
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the bear
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a lot of young folk like to do music shopping on the interwebs nowadays.
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CoolCavy
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(Original post by Rock Fan)
Woolworths had this problem, they refused to adapt and it cost them big time, luckily I had already left them before it all hit the fan. But still I had friends working for them still and I felt bad for them.
Wow you used to work for Woolworths? :eek:
Yeh exactly, I think the big companies sometimes forget the basics and get too comfy. Am being taught all this as part of the business part of my degree so you would think CEOs etc would have some awareness of it all, maybe they just think they are untouchable idk
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Rock Fan
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(Original post by CoolCavy)
Wow you used to work for Woolworths? :eek:
Yeh exactly, I think the big companies sometimes forget the basics and get too comfy. Am being taught all this as part of the business part of my degree so you would think CEOs etc would have some awareness of it all, maybe they just think they are untouchable idk
Yeah I did, long time ago now, 12 years since I left Woolworths, met some great friends there. I think yeah for sure they got very complacent and didn't move with the times. Unfortunately the big CEO's are so far out of touch with reality.
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the bear
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(Original post by snugglebear)
They brought it on themselves by failing to adapt. They could have had silent discos, exclusive streamings, done deals which artists for new exclusive stuff, tv show streaming, had concerts, signings, vinyl recordsetc. but they just remained the same...
they could of got Susan Boyle to do autographs etc.
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username3444162
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Any remember BlockBusters? 😂😂
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RazzzBerries
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They should've bought Spotify or some sort of streaming app when it was small. Could've helped them with the whole technology aspect of the problem.

Still sad it's going into administration. It's a good shop all the same.
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shadowdweller
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(Original post by CoolCavy)
Don't worry you still have forbidden 🌍
But that doesn't have dvds

(Original post by Pachuco)
I buy CDs and vinyl.

Some of us enjoy having a music collection.
Ditto this, but with dvds
Posted on the TSR App. Download from Apple or Google Play
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Alesha1991
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(Original post by CoolCavy)
Couldn't you get that stuff more conviently and cheaper from the likes of Amazon / eBay though?
When you consider the decline of the high street combined with the move to digitalisation this was always going to happen
Yes, I think it was inevitable really. I can't remember the last time I actually bought something in HMV. The only times I've really bought CDs, DVDs etc in recent years are as presents, e.g my dad's into collecting vinyl so I've bought vinyl records for him before, even then it's been mostly online shopping. Also there are more specialist shops out there with a wider selection. I've got good memories of HMV from my childhood though, actually going in & buying a new CD I wanted was something I used to enjoy when I was about 9/ 10/ 11/- the whole way we consume music & film now is so much easier & convenient in one way but in another way not quite the same. Also bad news for the people who work there obviously.
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Pachuco
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(Original post by Rock Fan)
Woolworths had this problem, they refused to adapt and it cost them big time, luckily I had already left them before it all hit the fan. But still I had friends working for them still and I felt bad for them.
That's another good shop that went. There was one just by where I live. Many times I'd save my money earned from my paper round and head into Woolies to browse the music section and get a new album and some sweets. I miss doing that. I particularly remember buying So Solid Crew's album on the day it came out

(Original post by the bear)
a lot of young folk like to do music shopping on the interwebs nowadays.
I don't think young people even buy music.
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DrMikeHuntHertz
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Just another dinosaur that's trying to out run the meteor strike.
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Maid Marian
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(Original post by CoolCavy)
Welp if you can't update your business model despite having entire departments dedicated to this shite as well as expensive access to services like MINTEL and WGSN you deserve to go under and let a better product model take your place.
Some of your posts are brutal :erm:


I think it was inevitable, most people just don't need to buy CDs. They'll be a collector type thing in the future.
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the bear
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(Original post by Pachuco)
I don't think young people even buy music.
well how does Adele afford her biscuits ?

:holmes:
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Pachuco
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(Original post by the bear)
well how does Adele afford her biscuits ?

:holmes:
'Bubbly' cat women in their 30s, I believe.
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the bear
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(Original post by Pachuco)
'Bubbly' cat women in their 30s, I believe.
you have an, ahem, cat in your picture .....

:flute:
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sr90
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I'm amazed it's lasted this long tbh.

Went in there for Christmas to try and find a present for a family member who's quite musical and it was full of overpriced tat, with the few decent products easily being available for a cheaper price elsewhere.

I have no sympathy for businesses like this who had all the tools at their disposal but failed to adapt to the demands of their customers. All the usual tired cliches about Brexit and Amazon will come out but they fail to acknowledge the main reason why it's in trouble - physical media is now a niche interest.
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Pachuco
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(Original post by the bear)
you have an, ahem, cat in your picture .....

:flute:
It's a selfie 🐱
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CoolCavy
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(Original post by Maid Marian)
Some of your posts are brutal :erm:
So is business. You have to be competitive to stand a chance I should know since I study this sort of thing. One less competitor on the market who failed to adapt. Next.
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