HMV (+ Fopp xx) | Page 26 | The Popjustice Forum

HMV (+ Fopp xx)

Discussion in 'Pop & Justice' started by Alphableat, Feb 1, 2009.

  1. Oh, that bloody points card! I stupidly purchased one thinking it'd be like a Tesco Club Card; collect points with each purchase which translates into cash/vouchers. I was very angry when I realised how it actually worked (and it most certainly wasn't explained to me when I was offered it!). I've yet to see something in that online 'store' that I'd like.
     
  2. Just cash them for money. You can get £5 for each 22500-worth of points. And then spend them quickly!

    Various things to signal the end is nigh will be when they stop accepting the purehmv cards, then card payments, and then stock becomes a bit random and limited.

    EG.
     
  3. Tribal Spaceman

    Tribal Spaceman Oh, OK.

    Fingers crossed something will turn up. Imagine if your only choice to buy music was in Morrisons...
     
  4. I wouldn't ring the death knell just yet - they are still trading with companies, as for many, it's their only choice, ergo stock won't just 'dwindle' to random and limited supplies. HMV.com is part of the business and is performing exceptionally well, and profits are up:

    "To suggest ... that HMV is on borrowed time ... is to grossly exaggerate the scale of its woes. Even if fails the covenant tests that fall due in April, the banks are extremely unlikely to force its closure because HMV remains profitable and has already begun restructuring."
     
  5. SBK

    SBK

    They need to make some major changes fast, less people are buying music in store so they need to fnid a way to draw people in, it might mean them making the instore price cheaper than online.
    Why anyone would go into a HMV when the HMV.com price is vastly cheaper and with free postage
     
  6. SockMonkey

    SockMonkey Guest

    Yes, the disparity between instore and online prices needs to be addressed quickly.

    Good example: Inception on Blu-ray is £14.99 online and £21.99 instore. Come on, there's no way a nearly 50% price difference is justifiable.
     
  7. SBK

    SBK

    Its almost as if they want you to buy online.

    Maybe thats the way they're heading, becoming an online retailer rather than a high street.
     
  8. The stores really need a complete image overhall.

    They're never gonna be able to compete with the supermarkets and the internet when it comes to prices on new releases. That's impossible, the overheads are far greater for high street stores than it is a warehouse in Slough they have no choice but to charge at a premium. The odd offer here and there might help but their purpose is to draw people in in the hope they buy full price items.

    HMV have always been more expensive than most the competition but what they had was a I suppose 'cooler' more appealing image and better designed store that gave out the idea it was a better quality of place than Woolworths which meant people were willing to pay that little bit extra. The problem is they've never really updated it and now the stores are dated and dreary and really no more appealing than your local Asda. They're kinda like a cd/dvd version of Primark, disorganised and full of bargain racks.

    They're in a catch 22 situation at the moment, they have racks of bargains and offers that encourage people through the doors in the hope of them also buying full price goods but at the same time the 'bargain basement' image has spoiled their prestige in the market somewhat that discourages people from paying a premium on full price items.

    They need to freshen up their appearance and I think really need to go all out to market the specialist aspect of what they do and can offer. Bring back the sense of 'quality' to the HMV name. They probably never will operate on the scale they have done, we have to accept the online age has changed things but the fact is people still spend on the high street and are suckers if the design is appealing and the image is right.
     
  9. It's been a really long time since I've seen a chart CD cheaper in a supermarket than HMV. (Other than the 2p or 3p difference supermarkets use to make them look cheaper.) Tesco charge around £10.50 for quite a few chart CDs now, same as ASDA, while HMV sells them for £9.99.
     
  10. SockMonkey

    SockMonkey Guest

    Totally agree. Supermarkets, aside from the odd random offer, aren't competitively cheap anymore. In fact sometimes I'm surprised how expensive they are. They're on a level with HMV stores, but certainly not competitive with online prices.
     
  11. Tesco's CD pricing strategy was always about killing off the competition. Now that is (almost) complete, oh look...up the prices go.

    I agree about HMV's catch-22....it's how I feel when I'm there...I can see they've tried to bring down prices, yet that very discounting has stopped me paying out more than £5 or £6 now for a CD. Even today, I got the Mark Ronson album for £6 and still thought to myself "I bet this goes down even cheaper soon, oh well".

    This is someone who's shopped in HMV for 27 years.

    EG.
     
  12. Tribal Spaceman

    Tribal Spaceman Oh, OK.

    Because you can get it instantly.
    I'm happy to pay the extra pound here or there for the convenience of getting something right away, but there really is too much of a difference between their online and in-store pricing right now so my loyalty is costing me a lot more than it should.
    I still buy most of my CDs, DVDs etc in the "real world" and only really bother with HMV.com for preorders. I love browsing and spur of the moment purchases, and there's no satisfaction from doing that online. It doesn't feel "real".
    You also have no way of knowing if the product you're buying comes in a slipcase or some other limited edition format, when you can usually dig through the racks in a shop and find the last remaining copy.
     
  13. I think there are an unusually large amount of causes of HMV's downfall/probable downfall (which I should say I am very sorry indeed to see happen).

    If I had to pick out a 'main' one, essay-style, it would be the broad downturn in the market for physical media products (DVDs - most importantly - Blu Rays and CDs), which shows no sign of an upswing. DVD sales are falling away rapidly after years of incredible growth, as people finish their collections, stop re-buying movies they had on VHS or start using illegal and legal download services. The problems with CDs and the music market in general have already been well-documented. Blu Ray has failed to catch on anything like DVDs did 10 years ago, as the jump in quality and convenience is nothing like the one between VHS and DVD, and they remain a prohibitively expensive product, reluctant as the studios are to devalue them as quickly as they did DVDs. The install base for Blu Ray is also still surprisingly small, and many people who do own a PS3 (a large part of the install base) don't really care for it.

    Then you've got the long list of other factors, many of which are nearly as important:

    - Current difficult economic climate
    - Particularly difficult Christmas 2010 - continued economic difficulties and snow meant that some of their biggest weeks just didn't happen
    - Growth of internet shopping in general
    - HMV's music business' particular vulnerability to internet shopping (iTunes and the other digital stores, their products are not 'must have now', they fit through a letterbox, and they can be shipped from Jersey thus making use of the VAT loophole)
    - Currently video games are nearing the end of a cycle (i.e. Wii/PS3/XB360 have all been out for years) which has led to a severe sales slump not seen for many years
    - Cost of acquisitions to stay relevant (i.e.7Digital)
    - Ownership of Waterstones, which if not struggling is perpetually on the brink of failure
    - Trapped in a vicious cycle of discounting which is almost impossible to escape
    - Perception of high prices in stores (occasionally backed up by actual high prices in stores)
    - Regular problems that bedevil retail businesses from time to time - bad bets on new products that leave the chain with too much stock, being squeezed price-wise by suppliers also having a hard time, a general lack of dynamism and innovation in their sector, rising rent costs (if they rent) or falling property values (if they own)
    - The chain has been 'talked down' (with good cause, unfortunately) by analysts and the business media for so long that they can use almost none of the traditional avenues to secure investment or credit
    - Necessary experimentation to try and trigger a turnaround is likely to fail (i.e. new product lines), which is costly
    - The live music business of which they are now a part has, if not tanked like the recorded music industry, failed to remain as buoyant as everyone hoped, and certainly doesn't look like it will resume growth in anything like the same way it did

    I'm sure there are more, but those strike me as the most credible. A lot of them are surmountable of course, and I don't exactly see HMV disappearing any time soon, but I think it's necessary to understand that the business is being assaulted from all sides, and there is no single magical solution which is going to solve all of these difficulties.
     
  14. I do the same thing. I even see things for a ridiculous price like £3.99 and think "well it could be £2.99 in a month's time."

    It's hard to believe that £14 used to be the price we all paid for a chart CD and getting them six months later in a 2 for £20 promotion felt like a real bargain. It was even a big(ish) deal when things were then released at mid-price (£8 or £9!!) several years after their original release.
     
  15. I got Erotica, Rain and Justify My Love - all mint mint mint condition - maxi single imports from there a few weeks ago!
     
  16. It's creeping up now - 45% of The Social Network's first week sales in the US were Blu-ray (and that version does not come with DVD / Digital Copy thrown in)

    Also DVD was actually slower to take off than people remember - I was an early adaptor from laserdisc and it took at least 18 months for DVDs to penetrate the more casual buyers conciousness.
     
  17. SockMonkey

    SockMonkey Guest

    Royksopp's ''Senior" is now in the 2 for £10 - a couple of quid cheaper than anywhere online. Clearly I have saved the store by purchasing it.

    On another note, the bf wanted to buy the Florence & The Machine CD today (!) and we had a good range of options. It was

    In the 2 for £10
    With a £6 pink sale sticker on it
    With a £7 pink sale sticker on it
    The 2-disc edition for £7.99
     
  18. Teehee....yeah, picked that one up last month...was pleased to see it included. I wanted to get the latest David Sylvian comp today (which is 11.99 on their site, and about 8.99 on amazon), but couldn't find anything else to go with it. But joy of joys, I *finally* found a copy of the CSI Season 2 Part 2 DVD in there for £5. It's the only one I didn't have, and no other HMV (including that store in the past) has any S2 sets at all. They all jump from S1 to S3.

    So, allied to your purchase, we appear to have saved HMV.

    EG.
     
  19. Tribal Spaceman

    Tribal Spaceman Oh, OK.

    Lots of good points have been made here. I hope they are able to adapt.

    The failure of the PS3 has hit Blu-Ray sales hard, but they did make a big mistake by introducing the format 4-5 years too early. Also the fact that you need an expensive new TV set as well as a Blu-Ray player doesn't really help matters when everyone is on a budget.

    I don't have many movies in that format as I only ever buy the "double play" versions that come with a DVD copy. I refuse to pay £20 for a film that I can't watch on all my TVs or computers.

    Also Blu-Ray packaging is really horrible!
     
  20. Did you only ever buy cd's that came with the cassette version as well?

    Or was it 78's that came with a free string quartet and choir?
     
  1. This site uses cookies to help personalise content, tailor your experience and to keep you logged in if you register.
    By continuing to use this site, you are consenting to our use of cookies.