Gift Vouchers have one of the lowest rankings when it comes to liquidation, first comes the liquidator and at the very bottom are gift vouchers, probably won’t be worth the paper they are written on. Instead of gift vouchers for a particular store something like those All4One vouchers spread the risk.

Yes

They legally can nto accept them as they are unsecured creditors. first debts to tax mand have to be bad, then banks, then other creditors who have a charge againes the assests.
then if theres anything left, unsecured creditors will get something like 1c for every €1 owed

Your right……but if they had a brain, they would have setup a download service years ago.

So many companies think they’re untouchable and then they’re in administration!

Look at BlackBerry and Nokia! They didn’t adapt with the market and now they’re nearly gone!

Looking forward to Blackberry 10 though….

They did set up online services but they didn’t have the funds or the strategic partnerships in place to get enough traction. They’ve hardly just sat back with their feet up and ignored online sales. It costs a rediculous amount if money to set up

There will be a market for physical media for the foreseeable future at-least for music and likely also for movies. The audio quality of downloads from amazon or iTunes is in no way comparable to that of a CD. Similarly movie download services do not provide comparable sound quality to a BluRay (Picture quality is largely the same I think) and present an issue with storage of large files and download problems poor internet connections.

Can they exist as big chains anymore probably not but Physical media is not dead yet.

not happening, trust me

The would be nice, and very symbolic!! iTunes replacing HMV

Really? If the apple stores I have been into in England are anything to go by its an enormous store for them to go for!

Never trust anyone who says “trust me”!

Not when compared to their flagships, mall based stores operate on a much smaller square footage

I don’t know, even the flagship in Sydney isn’t that big, maybe has a similar frontage but inside not even a quarter of the square footage when you consider how deep the store goes and that it’s over 3 floors. I can’t see there bring an apple store here full stop, too small a market plus if they were why would they franchise out the official reseller, supplier and repair rights to CompuB?

Oh but it’s all so sad apparently. Even those with vouchers find it oh so sad, they were extraordinarily expensive and still, it’s oh so sad.

A large corporate entity in business since the last Ice age, unable and unwilling to assimilate….oh but it’s all so sad.

Of course it’s not, in Ireland it’s all about getting your pants pulled down over price, paying over the odds and then somehow managing to commiserate like a bunch of benevolent saps at the horror of it all when it all goes belly up.

Er….and who do you think owns fopp?….yep hmv….so if they go under so would fopp I would think?

Yeah Fopp will probably go under but as far as I know, they were in a lot better position because they had less shops, smaller floor space which cut down on rent and more specific customers. Fopp were more like an indie record store, which were more specific. These kinds of record shops do better than larger chains because they’re a niche. Maybe someone would be in a position to buy out a few of the Fopp stores, Rough Trade perhaps.

I’d hope so, but I dunno, fopp went bust before too, although granted in a similar way to zavvi it was due to woolworths, their supplier, going bust than any sales weakness and it was HMV that stepped in to bail them out.

Tower on Wicklow street or above the Easons on O’Connell Street. Have a great selection of vinyl too.

Ebay

Sound Cellar (Beneath subway on nassau street) or Into the Void (Whitefriar Place)

Oh feck that’s true. Hadn’t thought of that!

Although to be fair I now just sit there watching TV on Netflix on my phone til she’s ready so HMV is obsolete in that respect also:-)

I can tell u now that they made way more than 16 thousand that day,that is an average Saturday for them

Did Harvey Norman not recently make their first ever profit in Ireland? It’s been a disaster for them, but I think they’re doing a bit better.

Harvey Norman sell furniture, tv’s and the like. These products are notoriously hard to download at current broadband speeds, so they will be ok for a while yet.

Here we go again…
It’s the governments fault. And what’s with all the line spacing?

Have the feeling the line spacing is due to that being a copied and pasted statement being posted at any given opportunity !

Sad to see HMV go, definitely did my bit to keep them afloat!

Line-spacing and Govt. bashing aside, the whole concept of ‘upwards-only’ rates seems to be very damaging to business. I guess it will eventually change when more and more shops close down and nobody wants to see that on their high-streets.
To counter that however there are no (as far as I know?) closed shops on Grafton Sreet so it must be worthwhile paying the massive rates to locate there.

In the end the HMV issue is nothing to do with Irish rates…it’s a failing business model and to think they could be today’s ‘Play.com’ if they had gotten the finger out in the 90′s…

Piracy isn’t what caused this. Legal digital distribution of music, film/tv and video games is as much “to blame”, if not more.

It’s always bad news once the likes of Deloitte or Kpmg are involved. The employees are always their last concern.

Even wothout the piracy they would still be in trouble its a sign of the times adapt or die

I hope ita bought over or the staff find work fast

HMV has failed to remodel itself for the online world we now live in. The likes of lovefilm and netflix have given consumers an extremely affordable alternative to purchasing new dvds and blu-rays at ?20+ a pop. While it is a shame that jobs will potentially be lost, i just dont see how HMV is relevant or can ever compete in todays marketplacw. In saying that there is a nice blue cross sale on at the moment that I’ll be checking out

Stephen, this isn’t just piracy

Its a total change in how people access video and music media, people prefer to stream/download content event if its legit….lets look at the changes.

TV/Movies
- iTunes
- Netflix
- if you want physical media you can get a better deal with screenclick.com
- Its now easier access episodes of shows you missed via catchup services like 4OD etc

Games:
X-Box Live
PS Network
Steam
Buy games on-line cheaper then in physical stores

This isn’t just about warez, its about a total change of how people get access to media and HMV and the likes can never compete as they have to pay higher rents and as such prices have to be higher to allow them to stay in business.

Would you also supported outlawing email to keep all the post office workers employed and printing companies in business?

Whatever about all the other services my experience of steam is that it is shockingly overpriced! I’ve bought physical media for half of steams price and then installed it onto my computers using steam.

Not accepting gift vouchers? That’s shit.

I would have Andrew because it makes the working day hell.

Get yourself an Apple TV…you won’t know yourself:-)

Gt wouldn’t have the money! Lucky u!

The threat was conceeded at 6pm yesterday and the journal had an article on here about that then, take a look backwards, it had over 130 comments. The reality of it was confirmed live on BBC new at 10.

No