HMV woes

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Srcr. Maligree
 
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Re: HMV woes

Postby Srcr. Maligree » Fri Jan 18, 2013 10:51 am

GAME looking to acquire HMV stores after stronger than expected Xmas

After Game finally shed some branches to save itself, it then thinks of opening some more again -_-
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DjchunKfunK
 
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Re: HMV woes

Postby DjchunKfunK » Fri Jan 18, 2013 10:53 am

Yeah I found that a bit puzzling when I saw it.
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Solidarity Reg
 
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Re: HMV woes

Postby Solidarity Reg » Sat Jan 19, 2013 1:08 pm

Achtung Englander wrote:there was a guy interviewed on Newsnight last night that had the answer to the High Street issue. He was quite informative. Check it out on iPlayer



I took your advice, and you're right. It really was interesting. I'm inclined to believe he's right as well. Golden Age, here we come.

There is a good way to test this theory as well, if you look at York. Their independent shops in the city centre are ring-fenced and protected for the most part by the local council.

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Bev
 
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Re: HMV woes

Postby Bev » Sat Jan 19, 2013 3:35 pm

What is his idea then?
I'm far too busy and important to go rooting around in iPlayer. ¬_¬
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Lee
 
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Re: HMV woes

Postby Lee » Sat Jan 19, 2013 3:44 pm

I bet it was Achtung on it!

But yea I aint faffing around with Iplayer either to find out :P
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Solidarity Reg
 
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Re: HMV woes

Postby Solidarity Reg » Sat Jan 19, 2013 8:14 pm

I'm summarising, but I'm not apologising for it because you lot are lazy fuckers:

Basically, old highstreet model is dead, rents need to come down get the independant and market traders in, more niche and unique experiences, middle of the road shite like HMV are dead.

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Re: HMV woes

Postby Nethlyn » Sat Jan 19, 2013 8:28 pm

http://www.bbc.co.uk/iplayer/episode/b0 ... 5_01_2013/

Found it, it's the first 20mins of that, haven't checked to see if there's any follow up for Blockbuster.
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Lee
 
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Re: HMV woes

Postby Lee » Sat Jan 19, 2013 10:34 pm

Solidarity Reg wrote:I'm summarising, but I'm not apologising for it because you lot are lazy fuckers:

Basically, old highstreet model is dead, rents need to come down get the independant and market traders in, more niche and unique experiences, middle of the road shite like HMV are dead.


LAzy me? well yea :P
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Nethlyn
 
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Re: HMV woes

Postby Nethlyn » Mon Jan 21, 2013 3:01 pm

http://www.bbc.co.uk/news/business-21118711

Gift cards and vouchers "switched back on" tomorrow in the stores, get into your nearest one and spend on whatever you can find.

That's if you didn't take them back to Tesco, Boots or Asda to swap them over if you originally bought them from any of those three stores.
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Re: HMV woes

Postby JohnyHumf » Mon Jan 21, 2013 8:39 pm

I think if another big business goes down and they decide to cancel gift cards I'm going to buy a load in the off-chance this happens again.

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Medicine Man
 
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Re: HMV woes

Postby Medicine Man » Tue Jan 22, 2013 11:48 am

HMV saved apparently...

http://www.mcvuk.com/news/read/hilco-ac ... bt/0109651

The Financial Times reports that the move to take control of the money owed to Lloyds and Royal Bank of Scotland – believed to be around £200m – paving the way for it to assume full ownership of the brand.

This first step is understood to be designed to stabilise the current situation and give both Hilco and administrator Deloitte a little wriggle-room as negotiations continue


HMV the name may be saved, but as usual in these circumstances you just know there's creditors out there getting the shaft.

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Re: HMV woes

Postby Edam » Thu Jan 31, 2013 8:32 am

Medicine Man wrote:HMV saved apparently...

http://www.mcvuk.com/news/read/hilco-ac ... bt/0109651

The Financial Times reports that the move to take control of the money owed to Lloyds and Royal Bank of Scotland – believed to be around £200m – paving the way for it to assume full ownership of the brand.

This first step is understood to be designed to stabilise the current situation and give both Hilco and administrator Deloitte a little wriggle-room as negotiations continue


HMV the name may be saved, but as usual in these circumstances you just know there's creditors out there getting the shaft.


That won't be the case. Hilco would have bought the debts from Lloyds and RBS so the money is then owed to Hilco instead. Lloyds and RBS would have received either the full value of the debt, or a sum which they deem to be acceptable. Either way, they won't have been shafted.

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Re: HMV woes

Postby JohnyHumf » Thu Jan 31, 2013 11:47 pm

Protip: When laying off dozens of workers at a time. Leave the ones with the keys to Twitter till last. :lol:

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Nethlyn
 
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Re: HMV woes

Postby Nethlyn » Thu Feb 07, 2013 2:16 pm

Stores earmarked for closure;

HMV on Facebook Closure List wrote:Stores earmarked for closure are as follows:

Ashton-under-Lyne
Ballymena
Barnsley
Bayswater
Belfast Boucher Road
Belfast Forestside, Bexleyheath
Birkenhead
Birmingham Fort
Blackburn, Boston
Bournemouth Castlepoint
Bracknell
Burton-upon-Trent
Camberley
Chesterfield
Coleraine
Craigavon
Croydon Centrale
Derry
Dumfries, Durham
Edinburgh Fort
Edinburgh Gyle Centre
Edinburgh Ocean
Edinburgh Princes Street
Edinburgh St James
Falkirk, Fulham
Glasgow Fort
Glasgow Silverburn
Glasgow Braehead
Huddersfield
Kirkcaldy
Leamington Spa
Leeds White Rose
Lisburn
Loughborough,
Luton
Manchester 90
Moorgate
Newry
Newtonabbey
Orpington
Rochdale
Scunthorpe
South Shields
Speke Park
St Albans
St Helens
Stockton-on-Tees
Tamworth
Teesside
Telford
Trocadero
Wakefield
Walsall
Walton-on-Thames
Wandsworth
Warrington
Watford
Wellingborough
Wigan
Wood Green
Workington
Wrexham


The Fopp set seem to be safe for the moment, Trocadero is really the end of an era but they'll save bucketloads in rent so it's understandable.
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Sly Boots
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Re: HMV woes

Postby Sly Boots » Thu Feb 07, 2013 2:21 pm

Looks like we're keeping ours then.
My face is tired.

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