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HMV to go into Administration


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#1 Bedford Roughyed

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Posted 14 January 2013 - 07:50 PM

Another high street store to close?

I have to confess, I buy mostly from Amazon (the tax dodgers). Bedford doesn't have a record shop, so it's supermarkets or online. Amazon and their ilk have a vast back catalogue that a store would find it hard to compete with. The high street is evolving (I suppose that is a constant, high street to out of town, etc) and it's hard to see what and who will last?
With the best, thats a good bit of PR, though I would say the Bedford team, theres, like, you know, 13 blokes who can get together at the weekend to have a game together, which doesnt point to expansion of the game. Point, yeah go on!

#2 l'angelo mysterioso

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Posted 14 January 2013 - 08:01 PM

Another high street store to close?

I have to confess, I buy mostly from Amazon (the tax dodgers). Bedford doesn't have a record shop, so it's supermarkets or online. Amazon and their ilk have a vast back catalogue that a store would find it hard to compete with. The high street is evolving (I suppose that is a constant, high street to out of town, etc) and it's hard to see what and who will last?


now that I download all my music I have no reason to go to HMV anymore

I just hope my nephew has spent the HMV vouchers I bought him for his birthday.
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#3 ArmchairRhino

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Posted 14 January 2013 - 08:17 PM

Well I'm knackered when I need to buy some presents this Christmas Eve.
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#4 Johnoco

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Posted 14 January 2013 - 09:12 PM

Typical!! I've just got some vouchers for my birthday....wonder if I can spend them tomorrow?

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#5 Bedford Roughyed

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Posted 14 January 2013 - 09:16 PM

Typical!! I've just got some vouchers for my birthday....wonder if I can spend them tomorrow?

If you go first thing, maybe. First thing they usually do is to stop vouchers.
With the best, thats a good bit of PR, though I would say the Bedford team, theres, like, you know, 13 blokes who can get together at the weekend to have a game together, which doesnt point to expansion of the game. Point, yeah go on!

#6 Saintslass

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Posted 14 January 2013 - 09:17 PM

I'm gutted. I love HMV. I was in there before Christmas stocking up on DVDs and CDs (for me and as presents). They are so reasonably priced these days and have a great selection of stuff, and I just love wandering around and looking before I buy.

Soon there will be no choice left. It will be the tax dodgers or nothing. What a dismal possibility.

#7 Saintslass

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Posted 14 January 2013 - 09:17 PM

Typical!! I've just got some vouchers for my birthday....wonder if I can spend them tomorrow?

They're only going into administration tomorrow. And it is only administration. They aren't yet closing. I think they are hoping to continue trading during administration but that will be up to Deloittes probably.

#8 Bedford Roughyed

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Posted 14 January 2013 - 09:20 PM

Administrators very often don't allow vouchers to be spent. They want people paying cash over the tills.
With the best, thats a good bit of PR, though I would say the Bedford team, theres, like, you know, 13 blokes who can get together at the weekend to have a game together, which doesnt point to expansion of the game. Point, yeah go on!

#9 Johnoco

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Posted 14 January 2013 - 09:27 PM

They're only going into administration tomorrow. And it is only administration. They aren't yet closing. I think they are hoping to continue trading during administration but that will be up to Deloittes probably.

I remember when the people who took over Virgin record shops, Zavvi went into admin. We had about £50 of vouchers and couldn't use them. I hit the roof but to no avail. I told people to never buy me them again from anyone. Cue lazy son buying them at the last minute....

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#10 gingerjon

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Posted 14 January 2013 - 09:32 PM

Typical!! I've just got some vouchers for my birthday....wonder if I can spend them tomorrow?


Almost certainly not.
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#11 Saintslass

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Posted 14 January 2013 - 09:33 PM

Administrators very often don't allow vouchers to be spent. They want people paying cash over the tills.

I've no idea so I believe you! It probably isn't worth the risk of holding on to them either way, just in case.

I deliberately didn't buy anyone an HMV gift card this Christmas as I knew they were in the pooh.

I'm gutted.

#12 Johnoco

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Posted 14 January 2013 - 09:38 PM

Not as gutted as I am!!! ;)

No I don't care if you're if you're into different bands

No cause for so much hatred, I'm just a different man

Pull off that cover, I will too, and learn to understand

With music deep inside we'll make world unity our plan

 

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#13 l'angelo mysterioso

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Posted 14 January 2013 - 11:14 PM

Not as gutted as I am!!! ;)

or even as remotely guted as my nephew

on the other hand he hasn't been in touch, but then again he's a really nice kid and woulkdn't anyway.
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#14 shrek

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Posted 15 January 2013 - 08:12 AM

One of those brands that I suspect we all think fondly off, similar to Woolworths but rarely used.

Buy most of my music as digital downloads these days and when I do buy CDs it tends to be when having a wonder around Picaddilly Records or Vinyl Exchange simply because the prominent choice was a little less "X Factory" and they give prominence to some stuff I'd never have found in a shop like HMV.

#15 Johnoco

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Posted 15 January 2013 - 08:30 AM

I'm reading that they aren't accepting vouchers now. I also heard that the buyer can get their money back (assuming they used a card) via something called 'chargeback'. Don't know anything about it though.

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Pull off that cover, I will too, and learn to understand

With music deep inside we'll make world unity our plan

 

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#16 gazza77

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Posted 15 January 2013 - 09:08 AM

I'm reading that they aren't accepting vouchers now. I also heard that the buyer can get their money back (assuming they used a card) via something called 'chargeback'. Don't know anything about it though.


Protection under the consumer credit act: needs to have been a credit card though, and for a value of between £100 & £30k.

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#17 Amber Avenger

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Posted 15 January 2013 - 09:30 AM

I'm gutted. I love HMV. I was in there before Christmas stocking up on DVDs and CDs (for me and as presents). They are so reasonably priced these days and have a great selection of stuff, and I just love wandering around and looking before I buy.


It very much depends on what you are looking for. I don't buy a whole lot of music so can't comment there, but in terms of DVDs, if it is a new release then forget HMV as they are never competetive. People go on about the internet which has dented the impact of HMV, but in terms of new stuff, supermarkets are just as guilty in undercutting the specialist retailers.

The choice is something that would be missed if you are wanting something that came out longer than 12 months ago, and to be fair if you are willing to wait that long, that is where HMV was slightly better on price. However a lot of that industry is based on the here and now. It's not surprising that they can't afford to keep essentially loads of old stock on the shelves on the off chance someone might buy it, as they can't stock everything. Online does stock everything though so for the consumer, it isn't a gamble.

I do hope on some level it can be saved though, if massively scaled back
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#18 westhuller

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Posted 15 January 2013 - 09:44 AM

I stopped going into the Hull branch when the replaced the vinyl section with games and DVD's now I know they had to move with the times but to get rid of it totally lost them a lot of customers as it was the only place in the city to buy new vinyl after the local independent shop shut down.

#19 Johnoco

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Posted 15 January 2013 - 09:51 AM

Don't forget the impact that competing against online tax avoiders has had on them too.

No I don't care if you're if you're into different bands

No cause for so much hatred, I'm just a different man

Pull off that cover, I will too, and learn to understand

With music deep inside we'll make world unity our plan

 

7 Seconds -Walk Together, Rock Together


#20 Futtocks

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Posted 15 January 2013 - 09:51 AM

Back when I could face going into central London on a Saturday, I used to frequent the huge HMV on Oxford Street. It was great because it was so big, there was room for all sorts of music. You could find interesting (if pricey) imports in pretty good numbers as well as UK-released records. The bargain bins were extensive and always yielded treasures, if you put the time in to go through the lot.

Then video games and DVDs started encroaching on the floor space (in all their shops) and it became less of a destination.

As far as bricks'n'mortar shopping for music, I spend far more time in second-hand shops these days. For specific titles, I buy online - mostly from the Tax-Dodgers at Amazon, due to their choice and prices.

I'd pay for downloads, if they could be made available at CD-quality (at the very least) if not better. There are sites that offer such files, but their choice is limited and none of the major retailers offer anything better than MP3/AAC.

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