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[omega3000]

Blockbuster's now , jeez 2 in one week . When will it end 

[Webby the Bear]

Hmv looks like the next to bite the dust  Wont be much left soon .

HMV

and they tell you to find a job . its a joke

[/highlight]

Start your own business Ralf.









Selling pattern parts.

 just choked on my beer whn i got to the bottom of your post, Albs

on a serious note though if i want a CD from HMV i have to get up (problem to begin with), get dressed, get in the car (burning fuel), park up (parking charges) then WALK to the shop, buy it at twice the price of any online retailer (assuming they have it in stock) and then WALK back to the car and drive home.

F**k that. Internet. 10 mins. done 

[Entwood]

Badly run companies will always fail .. and have done since commerce was invented.

All the companies being talked about now have failed to adapt to changes in society and technology. They seem to have had the attitude that the customer should fit in to their way of working .... sorry .. that just doesn't work.

This does NOT make the end of the world any more likely, it just ensures, hopefully, that other companies think a tad more about what they are doing and why.

[pscocoa]

the disgrace here is their failure to honour the gift vouchers - so many people who are affected - if I was a victim of this would not venture into this business at all - totally out of order and does nothing except build bad will towards HMV

[Webby the Bear]

the disgrace here is there failure to honour the gift vouchers - so mny people who are affected - if I was a victim of this would not venture into this business at all - totally out of order and does nothing escept build bad will towards HMV

yeah i heard about that.... yet they continue to trade and take cash over the counter for purchases... WTF?

[Entwood]

If the gift vouchers were purchased using a credit card you can claim the money back from the credit card company.

If bought with a debit card ask your Bank for the money back via the "chargeback" scheme

If bought using cash ... sorry .. no chance... 

The simple reason they can't/won't honour the vouchers is that the money has already gone !! It went into the big hole and they have nothing to replace it with. If they gave you goods for the vouchers they would be giving away assets... which is illegal., but they can take cash for assets which is not. If a retailer folds, then voucher holders become creditors. They will get their money back if enough funds are available to divide up after all the business's assets are sold.

DON'T throw them away .. there is a chance, albeit a small one, that the administrators might find a way of honouring or refunding on them.

EDIT .. have a read here ... simplistic but accurate

http://www.bbc.co.uk/news/business-21028524

[Webby the Bear]

If the gift vouchers were purchased using a credit card you can claim the money back from the credit card company.

If bought with a debit card ask your Bank for the money back via the "chargeback" scheme

If bought using cash ... sorry .. no chance... 

The simple reason they can't/won't honour the vouchers is that the money has already gone !! IT went into the big hole and they have nothing to replace it with. If they gave you goods for the vouchers they would be giving away assets... which is illegal., but they can take cash for assets which is not. If a retailer folds, then voucher holders become creditors. They will get their money back if enough funds are available to divide up after all the business's assets are sold.

DON'T throw them away .. there is a chance, albeit a small one, that the administrators might find a way of honouring or refunding on them.

I'm sure youre spot on with the reason.

but i dont see how theyd be giving away assets when youve already paid for them

[Entwood]

If the gift vouchers were purchased using a credit card you can claim the money back from the credit card company.

If bought with a debit card ask your Bank for the money back via the "chargeback" scheme

If bought using cash ... sorry .. no chance... 

The simple reason they can't/won't honour the vouchers is that the money has already gone !! IT went into the big hole and they have nothing to replace it with. If they gave you goods for the vouchers they would be giving away assets... which is illegal., but they can take cash for assets which is not. If a retailer folds, then voucher holders become creditors. They will get their money back if enough funds are available to divide up after all the business's assets are sold.

DON'T throw them away .. there is a chance, albeit a small one, that the administrators might find a way of honouring or refunding on them.

I'm sure youre spot on with the reason.

but i dont see how theyd be giving away assets when youve already paid for them

When the voucher was bought the money was spent .. it went through the tills and into the bank. The transaction was complete.

The voucher was issued as "part" of the company .. an IOU for want of a better word. It gave you "credit" to spend .. so the voucher holder is now a creditor NOT a purchaser. ... you join all the other creditors in the queue.

Folks walking in with cash are different .. they are are not creditors or debtors .. but they may convert assets to cash by making a purchase.

[Entwood]

Here's an interesting viewpoint on these latest failures ...

The evidence of past recessions is that economic growth doesn't resume at any great velocity until unviable and inefficient businesses are put of their misery and excess capacity in various industries is eliminated.

Now, although there has been a fair old number of retailing collapses in the past year or so (according to FRP Advisory, HMV is the 32nd significant retail chain to go into administration in just over a year), there have been many fewer corporate collapses since the financial crisis of 2008 than was predictable on the basis of past economic experience.

As you will know (don't terribly sorry old boy, I am a little tired) if you read this column, this economic malaise has been characterised by many weak businesses being put on life support and turned into the living dead, or (to use what is now a cliche, so sorry) zombies.

This is good for the employees of these companies, for a while at least.

But, many would argue, it is not good for the economy in the long run. Because it preserves excess capacity, in a way that makes it more difficult for new business to grow and thrive, and it also holds back the progress of bigger more successful businesses.

So if HMV's demise signals a rising incidence of banks and other creditors being more ruthless in putting lame companies out of their misery, that might in a fundamental sense be quite a good thing.

And if those rising corporate mortality rates were real, it would also show that banks were feeling increasingly confident that they have sufficient capital to absorb the consequential losses - which would also be a very positive sign, in that banks would also have sufficient capital to extend necessary credit to viable businesses.

Doubt that viewpoint will make the headlines .... and I can just see the Unions responses now ... 

[feeutfo]

I haven't been into town for years, I hate it.

Traffic(every Saturday it's constant rush hour all day)
Parking(risk of damage, fine/cost same thing, lack of spaces)
Crowds(is it me or are older women so rude? they just barge everyone)
Ignorant staff(not all, but kids mostly)
Prices(it's all gone up)
Repetitive(every high street is the same)

Why on earth would anyone want to go through all that? Total nightmare.

I dont particularly like Internet shopping either, banks should send you a card reader. Plug in USB, one swipe of a card with address. Paid. Job done. ...and it should arrive instantly, by teleport too. 

[aaronjb]

also downloads are making cd's dvd's obsolete 

but some do still like to own the album/CD 

Yeah, you can't play a download on an NCDC2013..

[Gaffers]

Badly run companies will always fail .. and have done since commerce was invented.

All the companies being talked about now have failed to adapt to changes in society and technology. They seem to have had the attitude that the customer should fit in to their way of working .... sorry .. that just doesn't work.

This does NOT make the end of the world any more likely, it just ensures, hopefully, that other companies think a tad more about what they are doing and why.

Very true, there was enough research about it around 4-5 years ago with retailers bening warned to change their high street posture to avoid getting in to difficulties.

[albitz]

It would be nice if the end result of all this was High streets not all looking the same,due to having the same shops all over the country.If the big complacent chains disappear,we might just see the return of local shops which cater for niche markets,local requirements possibly ?
Not necessarily as the cheapest option,but good quality,good service,by people who remember your name after a few visits.
I suppose Im living in the past again though,and they will all end up with an endless line of  £ shops selling every imaginable piece of tat.

[Andy B]

.... and they will all end up with an endless line of  £ shops selling every imaginable piece of tat.

They're already looking like that ...... with empty premises dotted here & there   

[omega3000]

.... and they will all end up with an endless line of  £ shops selling every imaginable piece of tat.

They're already looking like that ...... with empty premises dotted here & there   

And those are taken up by rows of charity shops , supermarkets will have all the business soon