HMV's fucked (3 Viewers)

[Mormon Nailer]

Well look on the bright side....with the staff having being locked in for 3 days, if the shops ever do reopen at least now there's a chance everything will be properly alphabetised.

 

[pete]

Visitors found this page by searching for:
hmv fucked, are hmv fucked, fuck hmv

 

[pavlos]

Eh...

http://www.rte.ie/news/2013/0118/game-group-hmv-business.html

 

[BonsaiSuperstar]

Eh...

http://www.rte.ie/news/2013/0118/game-group-hmv-business.html

I think they are only interested in the UK branches. Ireland being dealt with separately.

Thta's what newstalk said this morning anyway.

 

[NoNo]

feel bad for the workers alright. 300+.

its gas, when I was a young lad we used to come up to dublin on a sat and spend the whole day going from one record shop to another. soon enough you'll be able to do them all in an hour and a half.

yeah, road records, city discs, borderline, abbey discs all gone and now hmv, just tower and freebird left now

 

[Kermit McDermott]

yeah, road records, city discs, borderline, abbey discs all gone and now hmv, just tower and freebird left now

+ Spin Dizzy, elastic witch, claddagh records.......

 

[GARYXKNIFEDX]

+Rage,Into the Void,Sound Cellar

 

[Kermit McDermott]

Don't forget those charity shops Gary.

 

[pete]

yeah, road records, city discs, borderline, abbey discs all gone and now hmv, just tower and freebird left now

+ Spin Dizzy, elastic witch, claddagh records.......

+Rage,Into the Void,Sound Cellar

looks to me like someone wants to start a Comprehensive List...

 

[evil bandit]

I've a HMV gift card but with nothing left on it, would I be right in saying Golden Discs have no way of checking this.

If so at least a little good has come out of this HMV closure !!

 

[GARYXKNIFEDX]

Don't forget those charity shops Gary.

Indeed,that's where the good stuff is.

 

[Mormon Nailer]

I've a HMV gift card but with nothing left on it, would I be right in saying Golden Discs have no way of checking this.

If so at least a little good has come out of this HMV closure !!

Yeah I don't see how they possibly could.

 

[HMD]

Who's organising the benefit gig?

 

[pete]

HMV in Ireland is to close for good with the loss of 300 jobs, the receiver has announced.

Deloitte Ireland partner David Carson was appointed as receiver to the entertainment retail chain in the middle of January with the stated aim of carrying out an "assessment of the viability of the company and its cost structure, including property occupational costs".

However, Mr Carson has today confirmed that HMV's 16 stores will not reopen and all 300 staff, previously placed on temporary lay-off, will now be made redundant.

http://www.irishtimes.com/newspaper/breaking/2013/0212/breaking33.html

 

[JohnnyRaz]

http://www.irishtimes.com/newspaper/breaking/2013/0212/breaking33.html

wonder what will happen to the stock?

there was a popup music shop on dame st last year - i strongly suspect it got a lot of its stock from fire sales after other shops closing down

 

[maims bond]

wonder what will happen to the stock?

there was a popup music shop on dame st last year - i strongly suspect it got a lot of its stock from fire sales after other shops closing down

I suspect a lot of it would be going back to distributors because they're probably owed a fortune already.

 

[IFF]

I suspect a lot of it would be going back to distributors because they're probably owed a fortune already.

it would really depend on the terms of the sale of the stock to hmv.

some distributors would have included in their terms of sale a retention of title until the stock is paid for by the purchaser (hmv) and in this case, it should still belong to them.

however, if the retention of title is not there, then the stock is an asset of the company and thus would belong to whoever has a floating charge over the current assets (fixed assets would be subject to a fixed charge as they would be permanent). if the value of the stock is greater than the liabilities of the floating charge relates then they go to the creditors in order of seniority which is a standard based on company legislation.

 

[ann post]

rent seems to be the issue, but the stock doesn't really have a huge value, its more the brand that is saleable.

 

[IFF]

rent seems to be the issue, but the stock doesn't really have a huge value, its more the brand that is saleable.

stock is worthless unless you can sell it. otherwise it's just a cost.

 

[ann post]

yeah, what i said.

the stock has more value if stays with the HMV brand. apparently none of hmv irelands landlords would lower rent and that killed the company. a rebought hmv in smaller premises with the same stock could be a solid business for 2-3 years.