tag:blogger.com,1999:blog-11332130.post984985378209753467..comments2023-09-16T16:40:57.079+01:00Comments on The MediaCoach Report: HMV - How the Mighty Vanish...MediaCoachhttp://www.blogger.com/profile/02632045147454331228noreply@blogger.comBlogger5125tag:blogger.com,1999:blog-11332130.post-36348971295539600212013-01-16T02:39:16.805+00:002013-01-16T02:39:16.805+00:00The fact is HMV have already tried most of the thi...The fact is HMV have already tried most of the things on your list, which either highlights your basic ignorance and lack of research, HMV's ability to make them work, or that they're not good enough ideas to save the business. Or maybe all three.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-11332130.post-39446244623852088482013-01-15T13:57:00.080+00:002013-01-15T13:57:00.080+00:00I very much agree with you coclusion Alan - a demi...I very much agree with you coclusion Alan - a demise down to management. Oh, and their debt pile of £200M taken on to buy the company in a self-supporting Management Buyout.<br /><br />Two years ago, HMV turned over £2Bn - last year that was down to just over £700M. This is a market which has become commodity, but one in which HMV still today owns 20% of the market share (so technically, still a monopoly).<br /><br />In the USA, they have Chapter11. Effectively, legally its Administration in which the suppliers can't change their T&C's and have to keep supplying the organisation, but are promised payment for their newly suppied goods/services past that point. In Administration, the suppliers can pull the plug instantly.<br /><br />If you remove the debt and close at least half the 230 stores (a core of 50+ would be the floor), and then implement even three of the ideas you mention, then HMV has a future. But that future is only found by reversing at least 3/5years of poor strategy, and accepting where the market is going long termIan R McAllisterhttps://www.blogger.com/profile/14974801360243438035noreply@blogger.comtag:blogger.com,1999:blog-11332130.post-18331029514391629842013-01-15T12:47:28.743+00:002013-01-15T12:47:28.743+00:00Thanks Ayd and Paul - great blogs both!Thanks Ayd and Paul - great blogs both!MediaCoachhttps://www.blogger.com/profile/02632045147454331228noreply@blogger.comtag:blogger.com,1999:blog-11332130.post-67941318916333647982013-01-15T11:37:35.203+00:002013-01-15T11:37:35.203+00:00Good article. I posted a blog on this subject her...Good article. I posted a blog on this subject here:<br /><br />http://www.bqf.org.uk/innovation/2013/01/15/hmv-jessops-and-comet-the-victims-of-innovation/Paul Sloanehttps://www.blogger.com/profile/17616119618666159727noreply@blogger.comtag:blogger.com,1999:blog-11332130.post-71703327815990165432013-01-15T09:55:19.118+00:002013-01-15T09:55:19.118+00:00I predicted this over two years ago in my blog and...I predicted this over two years ago in my blog and like you offered suggestions on what could be done. I still maintain that if they have tried to take advantage of their high street presence and turn themselves into a music experience hub instead of a poor man's Amazon, they might have just done it.<br /><br />Have a look:<br />http://aydinstone.wordpress.com/2011/02/10/why-hmv-will-die-and-how-they-could-have-survived/#comment-2234Ayd Instonehttp://aydinstone.wordpress.com/2011/02/10/why-hmv-will-die-and-how-they-could-have-survived/#comment-2234noreply@blogger.com