Thread: HMV in trouble?
Results 76 to 100 of 121
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8th Mar 2011, 6:25 PM #76
It seems like an act of particular bad will given you or your auntie have swapped a flexible old £10 note for an inflexible bit of paper worth the same amount that you can only use in HMV to start with. You're only getting a small fraction of your own money back after all!
But I won't go on.
Si.
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8th Mar 2011, 6:29 PM #77
Oh I know Si. It's irritated me hugley in the past. I just understand why they do it. I don't agree with why they do it though.
Si xx
I've just got my handcuffs and my truncheon and that's enough.
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21st Mar 2011, 9:47 PM #78
The suffering continues: http://www.bbc.co.uk/blogs/thereport...nt_itself.html
Si xx
I've just got my handcuffs and my truncheon and that's enough.
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21st Mar 2011, 10:17 PM #79The plan recognises that HMV can't survive by simply doing what it has been doing for the past few years: it has to acquire a meaningful share of the digital cake.
Seriously, it's ridiculous. People must have been buying digital music for a few years now. Did they not see this coming?
Si.
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22nd Mar 2011, 3:11 PM #80
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Aparrently not...
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22nd Mar 2011, 9:22 PM #81Close embrace
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Does anyone have a PureHMV card? I've got 2679 points on mine and I need 10000 to get a Doctor Who pen.
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22nd Mar 2011, 9:41 PM #82
I do! I managed to get a letter printed in the magazine as Letter of the Month, and as a reward I was given a card loaded with 10,000 points. It turns out this could buy me (wait for it) £2 worth of credit in-store. Yes, really.
Si.
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22nd Mar 2011, 11:29 PM #83
I got a £50 voucher from my HMV points a couple of years ago, though they do seem to not be worth as much these days.
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23rd Mar 2011, 3:13 PM #84
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And it's not as if the gifts they offer for collecting these points are amazing, is it? I'll tell you what - you've got £2's-worth of credit on yours; it cost me £3 to buy a new one with just the points from the purchase I'd just made, which wasn't much at all! about 500 or so?
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24th Mar 2011, 12:40 AM #85The Grand Maboo
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Sounds like the equivalent of the Stunning Prizes on Dame Edna's Neighbourhood Watch.
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24th Mar 2011, 2:36 PM #86
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Depends on whether posters of Chris Lowe (for 8000 points) are your cup of tea. You have to get something like 100,000 points to get things like concert tickets - things that might have had a couple of bob spent on them.
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29th Mar 2011, 12:29 PM #87
This is a bit of a bad sign - I recently won £50 worth of HMV gift vouchers, and despite having visited three stores I can't find a bloody thing to spend them on!
Music's out because I download, which is kind of not their fault although it is symptomatic of how, yet again, you can't buy something in the high street that I can get on-line, where there is tons more competition (why can't I exchange my gift vouchers for some kind of download token). We're watching "Birds of a Feather" at the moment so some of these DVD's would be good - but they're SO much more expensive in-store that it feels like a waste of money, even though I got the vouchers for free. For example, one of the series was as much as £40 (for six episodes!) when they are about £12 on-line. We're getting T-Bag on DVD, but none of the stores even stock them. Even the huge Oxford Street branch doesn't do Big Finish, despite all kinds of obscure African music and crap. They do Target book readings, but they too are over 100% more in store than on-line.
There's just nothing I can spend these vouchers on, unless I pay three times as much for something I could get on-line. And this is with money that I HAVE to spend in HMV, never mind your far more flexible 'pounds and notes' form of currency that could be spent in their competitors.
Si.
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29th Mar 2011, 4:58 PM #88
Why not just look at it as winning a few free Target CDs, rather than looking at it as £50, which it isn't really.
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29th Mar 2011, 5:16 PM #89
I think that might be best!
Si.
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29th Mar 2011, 8:13 PM #90
Or you could buy something on the day of release (a tv dvd box set or something) put it up on ebay straight away, and hopefully convert the vouchers in to cash that way - I did that when I got £20 of Play vouchers for joining lovefilm.com, and somehow made a slight profit!
"RIP Henchman No.24."
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29th Mar 2011, 9:34 PM #91Close embrace
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For example, one of the series was as much as £40 (for six episodes!)
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29th Mar 2011, 9:48 PM #92
Nothing compared to Doctor Who Series 5 which they sell for £90 on DVD!
Si.
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30th Mar 2011, 9:26 AM #93
They're really targetting their 'Confused old people buying presents for their grandchildren' market HARD.
Although that's not fair because many older people know how to use the internet these days.Pity. I have no understanding of the word. It is not registered in my vocabulary bank. EXTERMINATE!
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30th Mar 2011, 12:43 PM #94
I guess it comes down to - if you were a grocer with a bag of oranges and had to turn as much profit by the end of the day as possible or get the sack, would you reduce them all by 50% to get shot of them quicker, or mark them all up by 300% hoping that if you got just a few stupid people along you'd cover your costs? What would be the most honest solution, or wouldn't you care?
Si.
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2nd Apr 2011, 6:29 PM #95Captain Tancredi Guest
Perhaps HMV's managers went to the same business school as the Royal Mail suits who think that a suitable response to a decline in letter mail is a 10% price increase rather than incentivising people to use a service which RM are contractually obliged to provide. (Although I get so little post these days that you have to wonder at times whether we still need a delivery to every address in the country every day)
On the other hand, there might be a useful comparison with Oddbins going the same way as Threshers- while we're probably drinking more wine as a nation than we ever had, we're also buying it differently. People are more comfortable buying from the 2 for £10 or whatever in Sainsburys than they are going into a supposedly knowledgeable wine merchants (which I suppose some people would find intimdating). Not necessarily a bad thing if it takes some of the snobbery and pretentiousness surrounding wine with it, but it leaves a similar sort of gap between the mass market and the high-end specialist shops.
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5th Apr 2011, 9:57 AM #96
BONGGGGGG!
Embattled retailer HMV Group said today that it had secured more time in its battle for survival, despite issuing a third profits warning this year.
The company, which owns 731 HMV, Waterstone's and Fopp stores, said its banks had agreed to put back financial tests from the end of April to the beginning of July.
The agreement was negotiated after HMV presented its plans to secure the future of the business, which are understood to include the potential sale of book chain Waterstone's. However, the company said negotiations were still ongoing.
The company said pre-tax profits would now be around £30 million - down from a previous estimate of £38 million at the beginning of last month.
HMV Group, which is closing 60 stores over the next 12 months and shedding jobs, aims to cut costs by another £10 million a year.
It saw sales plunge 13.6% in the UK and Ireland over Christmas and has since been hit by supplier troubles as firms struggle to gain credit insurance due to fears over HMV's trading.
The group said trading conditions have remained difficult since its last trading update at the beginning of March. But its banking facilities "remain fully available" and lenders continue to be supportive, the group said.
The company is likely to see the time extension as a vote of confidence in the proposals it has presented to the banks.
HMV recently confirmed it was "exploring strategic options" for both Waterstone's and HMV Canada but said no discussions were taking place about an offer for the whole group.
It is understood HMV needs to raise £75 million in return for a relaxation of its lending covenants.
Potential buyers for Waterstone's are rumoured to include founder Tim Waterstone and Russian billionaire investor Alexander Mamut. Other potential bidders reportedly hovering around HMV Group include retail restructuring specialist Hilco, which has owned Allied Carpets, Habitat and MK One.
HMV has faced increasing competition from online retailers and supermarkets in its core CD and DVD markets in recent years.
The group has been broadening its product mix as part of a fightback, branching into new areas such as technology and entertainment-related product sales.
It's like watching a great old ship go down for the last time. The fact that they haven't changed their business model or store layout since the 1970's, when their shelves were stacked with vinyl and singles were on display, doesn't really inspire confidence.Pity. I have no understanding of the word. It is not registered in my vocabulary bank. EXTERMINATE!
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5th Apr 2011, 11:35 AM #97
I'm glad they have a reprieve, if only so I have more time to spend my gift vouchers.
Si.
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5th Apr 2011, 11:44 AM #98
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5th Apr 2011, 7:47 PM #99
I'm not sure it's looking so good: http://www.bbc.co.uk/news/business-12968495
I've just got my handcuffs and my truncheon and that's enough.
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9th Apr 2011, 9:13 PM #100Close embrace
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After work tonight I walked up to the HMV opposite Bond Street tube. It's gone! Very quickly it would seem.
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