#9294731, By PearOfAnguish HMV set to enter administration

  • PearOfAnguish 15 Jan 2013 12:38:17 7,573 posts
    Seen 2 years ago
    Registered 13 years ago
    Never understood HMVs focus on electronics. They could see Dixons, Best Buy etc struggling and failing, so what made them think they could do any better? And for that someone got a six-figure salary.

    Good piece here on HMV's numerous failings: http://www.philipbeeching.com/2012/08/why-companies-fail-rise-and-fall-of-hmv.html

    I got to know two young entrepreneurs from Jersey, Richard Goulding and Simon Perree who started the highly successful online games, music and video retailer, Play.com in 1998, and I remember them saying to me, "We were just waiting for HMV to turn their big guns on us but we just kept on going and getting bigger and bigger, and thinking they must be going to get their act together soon and come after us but they never did". I think this comment says it all.
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