HMV to call in receivers


Recommended Posts

As early as tomorrow according to some sources. Hot on the tail of Jessops, Comet et al.

A couple of years ago I went to a talk by Graham Jones, a man who has worked around record retailing for most of his life and wrote the book 'Last Shop Standing' detailing the huge loss of independent record stores. Seem to recall that the summer before last he was saying that HMV was definitely on shaky ground and that when they went through it might pretty well herald the final end of the CD. Interesting stuff. Sad too when you think of great record stores such as our own Selectadisc and their history flogging vinyl and on.

http://www.amazon.co.uk/Last-Shop-St...8206828&sr=1-1

Link to post
Share on other sites

Stu

Did you infer that Jessops and Comet have gone into receivership too ?

My missus worked for Jessops for years in Nottm and gets a small pension from them, but we have heard nothing.

Her brother only retired last year from Jessops, he was in soft furnishings, fitter installer.

Sorry to go OT.

Link to post
Share on other sites

Jessops of Leicester is the one gone under, (Not the shop in the Vic centre) they were a very good camera retailers, with branches nationwide.

Comet went under not long before Christmas.

Link to post
Share on other sites

I used Jessops in my 'photography nut' days,and Jacobs just down the road.The only niggle I had with them when I was after a second hand lens was they would NEVER answer the soddin' phone.On more than one occasion I had to go down town to enquire about something,just to find I'd made a wasted journey as it had already gone.....

The good side being that at least you could park on Market street for half an hour...

Link to post
Share on other sites

Have the rival Leicester Store 'Jacobs' gone as well?

Jessop's was a major camera Discounter in the 1970's.

Would often drive down to their Leicester warehouse and buy stuff.

They also used to run courses and lectures.

Bought my first and second cameras from there.

Canon AE1 then the Canon A1, long before Digital.

I am still awaiting someone marketing as Digital back for the Canon SLR's

Link to post
Share on other sites

I bought a digital SLR from them (Still have it , it's only taken just over one hunded exposures too !!) I then bought a Canon 400 D , with the kit zoom lens, bag, flash gun, memory card etc, from them, at what seemed a reasonable price. I then discovered 'Shopping on line' !

As for HMV , I only ever went into the Nott'm branch once,( bumped into (Literally) Jayne Torville,) and found them to be expensive compared with Virgin.

Link to post
Share on other sites

Jacobs the camera people went into receivership last year (2012). I hadn't realised that they - like Jessops - had also started in Leicester. What was it with Leicester and photographers?

The newspaper reports all make the point that companies like them had been stuffed by the growth in cheap camera technology. People who only want a basic camera now use the one in their phone/tablet etc; and the serious photographers are more inclined to go online to buy cheaper. So the traditional shop was left stranded in the middle.

And HMV have always been more expensive than anywhere else. They've been living on the edge for years. I'm surprised they've survived this long. What will be interesting is to see what happens to Fopp. When they folded a few years ago, some of their stores (eg Nottingham) were bought by HMV to operate indepedently under the HMV wing.

Link to post
Share on other sites

I was looking for a hood for my zoom lens just after Christmas. I looked on Jessops website and in store, when I was in town and found one for about £20, I then looked on Amazon and found the exact same one for £6.49!!! No comparison.....that's why the high street firms are struggling, unfortunately.

Link to post
Share on other sites

Went in HMV in Brighton the other week, to see which CD's were on offer. The selection was tiny, just one small stand basically, everything else was DVD etc. I was surprised at that, now after reading the first posting on this thread, not surprised anymore. Actually thinking about it, the shop had a feeling of being half empty, ready to close.

Link to post
Share on other sites

Another big name soon to go..................

I was in Germany last weekend in a large town Called Freiburg, not far from me, and on a closed record shop window was written............ closed due to the internet and illegal downloading...................

Link to post
Share on other sites

What surprised me is that HMV's business didn't adapt. Anyone could see where the industry was leading. With HMVs market presence and brand they would have been ideally placed to be at the vanguard of online sales and downloads. They needed to be prepared to move with the times, invest in new technologies and business concepts.

Businesses are struggling manfully in the current recession but HMV's business model was already failing - whatever the economic climate.

The Mp3 itself killed HMV. When vinyl moved to CD, sales were driven every year by people upgrading their collections to the new format. Of the wider music-buying public, how many pay cash to update their CDs to Mp3 - apart from those with a scant knowledge of how to do so? Rightly or wrongly, that's the way it is.

Mp3's have made compilation albums redundant. Why buy an expensive compilation when you can simply make a make a playlist of your favourite songs with no 'duds'? Similarly many don't buy a 'Best Of' CD because they already have the entire back catalogue of songs and can arrange them in any way they like.


I'm a little more sorry about HMV-owned Fopp I have to say who had an interesting business. The 'big guns' ripped music lovers off for years with their pricing, particularly in the UK. Of course though we all feel greatly for those who lost their jobs.

A good example of a company employing change might be Argos and it will be interesting to see what happens to them. They are making quite bold changes some of their business practices - some of which that have served them well up to now. As we see the decimation of the High Street and catalogue shopping they are more and more aligning themselves as an online trader.

It's the same for all nowadays sadly - adapt or perish.

Link to post
Share on other sites

Is it because Amazon/Google and the rest do not pay the same tax as those based in the UK . Starbucks and others who have shops in the UK but still don't pay their fair share off tax, and that's why Comet/Jessops closed? companies registered in the UK have too pay all the taxes.those outside UK don't. Make all companies pay the same taxes in the UK even if they are registered outside the UK , I have shopped on line[like small items] and shopped at the retail shops like comet and Currys, i like to see and touch tv's, washers ect. One last point they are not breaking any laws it's the governments fault, alter the law to stop it, make it level pegging for all. Well thats got it off my chest now.

Link to post
Share on other sites

I was looking for a hood for my zoom lens just after Christmas. I looked on Jessops website and in store, when I was in town and found one for about £20, I then looked on Amazon and found the exact same one for £6.49!!! No comparison.....that's why the high street firms are struggling, unfortunately.

It's staff, shops and business rates - all has to be off-loaded somewhere.

Link to post
Share on other sites

Agree with Stu - retailers large and small need to adapt to current retail methods. That said, it is amazing how many small shops have an online presence and can sell all over the world via the internet - not just to locals walking down the street.

I sell my products exclusively through the internet and have made sales in all sorts of places - including the OAE, and India! I also buy a lot of my supplies from a source in Sandiacre! I buy tea, Marmite, Bovril and other British stuff from an online store in England. Recently I have found I can also buy British model railway items from stores in Liverpool and Sheffield - both of which have actual shops you can walk in to!

Putting together a web site to sell stuff is easy. PayPal make it simple to collect the cash (for a fee of course, but no worse than credit card processing) and they offer a great method to build a "shopping basket" system to help buyers.

Link to post
Share on other sites

Shopping Basket software is free and can be installed on any site including this one from the hosting control panel.

Many stores now sell on eBay.

The reason I buy from China is that my purchase is protected via Paypal

Unlike the poor folks with worthless gift vouchers

Link to post
Share on other sites

It's sad to see the demise of HMV but it's been on the cards for some time - to be honest, I've not been a regular visitor to their shops, I think they're cds are overpriced (and have been for years) and they sell a lot of tosh that isn't music related. The music racks are now confined to one corner of the shop at Victoria Centre.

I have, however, bought a lot of cd's online; they sell a lot of back catalogue items for a fiver and that's been very beneficial in updating some of my vinyl collection.

I just hope Fopp survives - the best record shop since Selectadisc.

Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Loading...