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19-01-2013, 09:53 PM | #76 | |||
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When their business plan was failing 2 years ago and they were applying for lenders etc to invest. HMV should of done a massive advertising campaign for around a month, on the main networks stating a price match, with special offerson some products, and something like a loyalty scheme. They would of took a big share out of amazon's profits... |
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19-01-2013, 11:31 PM | #77 | |||
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Born to Folk
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This makes me so sad, although I understand why as most people download music online now. But I loved going into HMV and flicking through CD's as on the odd occasion they would have that rare album that i could not find elsewhere....
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21-01-2013, 03:45 PM | #78 | |||
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The UK's three major record labels have reportedly assembled a rescue package to help HMV.
Sony Music, Universal Music and Warner Music have allegedly cut the price of their CDs and DVDs to help the struggling high street retailer, which went into administration last week (January 15). The labels have also granted the outlet generous credit terms to ensure HMV survives the administration process and to maintain a consumer entertainment presence on the high street. The move is to prevent overly competitive pricing from supermarket chains and online retailers, which usually offer CDs and DVDs for a fraction of the RRP. "They don't want their only choice to be Tesco or Amazon," a source told The Sunday Times. HMV's administrators Deloitte have revealed that they have received over 50 expressions of interest in HMV, including video gaming retailer GAME, who would like to snap up as many as 50 shops. However, the broadsheet reports that the music and film consortium are believed to favour a deal with Hilco, an investor who specialises in financially troubled consumer businesses. HMV have confirmed that customers will be able to redeem any gift vouchers in their stores from tomorrow (January 22), after they refused to accept the pre-paid credit after going into administration. Digital Spy This is good news if it happens, and they pass the price cuts onto the public. Otherwise there's not much point. Last edited by Mrluvaluva; 21-01-2013 at 03:47 PM. |
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21-01-2013, 04:29 PM | #79 | ||
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cute
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21-01-2013, 07:28 PM | #80 | |||
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Hopefully if that's the case they don't become the major labels bitches and still continue to support the lesser labels and artists
Most shops are accepting gift cards again so lol @ people who threw them out Last edited by King Gizzard; 21-01-2013 at 07:28 PM. |
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22-01-2013, 01:54 PM | #81 | |||
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Hilco has to taken over UK HMV
They own the HMV Canada which is doing ok. I hope HMV keep main stores open and sell even cheaper thanks to Hilco bulk buying. Ref : SkyNewsHD , BBC News, Bloomberg , Radio 5 http://news.sky.com/story/1041315/hm...o-retail-chain Lifeline thrown to HMV as rescue specialist Hilco buys collapsed retailer's debt pile Read more: http://www.dailymail.co.uk/money/new...#ixzz2IiTszNq2 This is the Hilco USA brand The Metal Section Last edited by arista; 22-01-2013 at 02:07 PM. |
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31-01-2013, 06:48 PM | #82 | |||
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HMV staff have used the company's Twitter account to reveal workers at the head office and other non-shop employees are being fired.
The staff used the social media service to inform followers that 190 people were being made redundant. One staff member tweeted: "We're tweeting live from HR where we're all being fired! Exciting!" The worker, who was apparently using an iPhone, added: "There are over 60 of us being fired at once! Mass execution, of loyal employees who love the brand. "Sorry we've been quiet for so long. Under contract, we've been unable to say a word, or - more importantly - tell the truth." The joint administrators from Deloitte later confirmed the 190 redundancies, most at HMV's office in Eastcastle Street, London, with others in its Marlow head office, a site in Solihull and distribution centres in Canning Town, London, and Birmingham. Administrator Nick Edwards said: "Since our appointment as administrators over two weeks ago, we have been assessing the financial position of HMV. "Following this review, a number of redundancies at the head office and distribution centres have been made. "Although such decisions are always difficult, it is a necessary step in restructuring the business to enhance the prospects of securing its future as a going concern." HMV called in administrators in early January after suffering dismal Christmas sales, which put more than 4,000 jobs at risk at its 223 stores. |
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04-02-2013, 12:35 PM | #83 | |||
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The administrators of HMV are reportedly preparing to shut up to 100 stores in the struggling entertainment retail chain.
Newspaper reports claim that Deloitte will announce this week plans to close between 60 and 100 HMV stores, as it attempts to slash costs in the business. Shops will not close immediately, but instead remain open until all their stock has been sold. A source close to HMV told the paper that the administrators were preparing to move to the "next stage of restructuring". Should they go ahead, then the closures could result in up to 1,500 jobs being lost. Deloitte has been locked in talks with Hilco - which has bought HMV's debt - over a strategy that will safeguard the long-term future of the high street retailer. It is thought that they want to slash HMV's chain of 223 shops in the UK down to between 120 and 160 shops. Stores earmarked for closure are thought to include one of HMV's two flagship outlets in central London, with the Piccadilly Circus branch thought most likely as it is loss-making. The Oxford Street store is profitable, although Deloitte could view an Oxford Street address as able to bring a higher price if sold. Deloitte has not commented on the report. Digital Spy |
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07-02-2013, 10:36 AM | #84 | |||
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¯\_(ツ)_/¯
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66 stores have been given the axe.
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07-02-2013, 10:47 AM | #85 | |||
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Yes
Sad 66 have to close |
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07-02-2013, 11:12 AM | #86 | |||
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Quand il pleut, il pleut
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..neither of my local ones are on there so it looks as though they'll be staying open for the moment anyway....
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07-02-2013, 11:12 AM | #87 | |||
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It's a shame that so many stores have had to close, I am glad Stockport's hasn't though.
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07-02-2013, 11:33 AM | #88 | |||
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The Italian Job
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I hope the HMV in Oxford Street stays open. I love that shop!
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07-02-2013, 12:30 PM | #89 | |||
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Manchester? Nooooooooooooooooooooooooooooooooooooooooooooooooo ooooooooooo!!!!!!!!!!!!!!!!
Administrators at HMV have announced they are to close the group’s flagship store in Manchester's Market Street, along with three others in Greater Manchester. The loss-making market street store employs 47 staff, while HMV branches in Ashton-under-Lyne, Rochdale and Wigan will also close, affecting a total 29 workers. It is expected that closures will take place over the next one to two months and the stores will continue to trade in the meantime. Nationwide, a total 66 stores have been identified for closure, affecting 930 staff. The closures leave HMV with 154 remaining stores. Last edited by Mrluvaluva; 07-02-2013 at 01:00 PM. |
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07-02-2013, 01:25 PM | #90 | |||
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07-02-2013, 01:33 PM | #91 | |||
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The Italian Job
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It's always jam packed. I love going there to get my cds and dvds!
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07-02-2013, 05:10 PM | #92 | ||
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I really hope they don't close the Canary Wharf one.. if it does I'll have to travel and well I cba
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07-02-2013, 05:15 PM | #93 | |||
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If it did close down (although not on the list), there is one at North Greenwich. Canary Wharf is the worst one I have ever been in. It's so small and cramped.
Last edited by Mrluvaluva; 07-02-2013 at 05:17 PM. |
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07-02-2013, 05:23 PM | #94 | ||
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It's so convenient for me though, I can just walk it there. North Greenwich isn't far but I'd have to take a bus :/
Last edited by Me. I Am Salman; 07-02-2013 at 05:24 PM. |
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07-02-2013, 07:14 PM | #95 | |||
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Worst idea ever...
ffs |
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08-02-2013, 06:05 PM | #96 | |||
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Frozen
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I am glad that the Portsmouth HMV's are staying. I would be devastated if there were no more HMV's in my city!
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12-02-2013, 08:40 PM | #97 | |||
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HMV has completely quit the Republic of Ireland with the loss of 16 stores and 300 jobs.
The shops had been put into receivership and the staff temporarily laid off when the company went into administration last month. HMV management asked for the Ireland operation to be immediately closed down and sold off, but the company today (February 12) confirmed that efforts by Deloitte to find a buyer have not proved successful. "Since his appointment, the receiver has conducted an assessment of the viability of the company and has actively sought a sale," a statement to the Irish Examiner read. "The marketplace is very difficult given competition from web-based retailers and digital downloads, compounded by a number of other factors including high levels of rent. "All stores were loss-making and it was not possible to attract a purchaser." Staff at two shops in Limerick had staged a sit-in protest over unpaid wages from the entertainment retailer. Over 60 HMV central office staff including CEO Trevor Moore and marketing director Mark Hodgkinson were made redundant last week. Digital Spy |
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08-04-2013, 03:36 PM | #98 | |||
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¯\_(ツ)_/¯
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