HMV – Everything must go, including the shops…

19Jan11

In the 1980’s the slogan went ‘Home taping is killing music. Music retail survived longer than cassette tape. But in the noughties Apple’s iTunes Store caused the death of several retail music store chains. In the U.K. Woolworths, Zavvi and, before the end of this year, HMV all closed their high street stores.

HMV have announced they will be closing 60 stores and are now unable to insure their business. Apple have just anounced they have so far paid US$12bn to music companies for music download sales.

Read more: HERE

The image of Nipper, the iconic dog in the HMV logo, who waited to hear ‘His Master’s Voice’ was updated in a rebranding exercise in 2007. Since then the HMV group has diversified into live music and ticket sales, as well as fighting to expand their online music sales to a largely apathetic consumer market.

I never missed Zavvi or Woolworths. But I may just miss HMV.

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10 Responses to “HMV – Everything must go, including the shops…”

  1. This is sad, yet an indication of how the music business has changed. Consumers do not want to listen to albums in their entirety, but prefer to download and listen to individual songs.

    @clweinfeld

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