Posts Tagged HMV
First Blockbuster went broke and closed, and now this.
Struggling British entertainment retailer HMV has sold its 121-store Canadian unit to Hilco UK, raising 2 million pounds ($3.2 million) to cut debt and help the firm stay in business.
The move by the 90-year-old firm to sell the Canadian business comes days after HMV’s shareholders backed the 53-million-pounds disposal of its Waterstone’s book chain to Russian billionaire Alexander Mamut.
Earlier this month HMV, which has issued four profit warnings this year, secured its immediate future with a 220 million pounds refinancing deal that will effectively involve the British taxpayer taking a stake in the group.
“The board has fully explored the options available to it for HMV Canada, and believes that a sale to Hilco is the correct decision for the business at this time, whilst reducing the operating leverage in the continuing group,” said Chief Executive Simon Fox.
“The group is focusing on clear and tightly defined plans for transforming HMV into a broad-based entertainment business.”
(Article from Reuters)
I’m hoping this doesn’t mean that HMV is closing too. Although I do watch the occasional movie and tv show online, I still prefer having a hard copy and I usually buy them from HMV. Although things are looking up with the line about “transforming HMV into a broad-based entertainment business”. I’m guessing that means adding new products and services.
Here are a couple of incidents I observed today while I was downtown that I think are quite amusing. Most of them happened in HMV.
1. While in HMV there was a little boy with his dad. A Justin Bieber song started playing and I heard the kid say “Daddy, why is this song making my ears hurt?”. That kid is awesome. I felt like going up to the dad and saying how awesome his son is. (In a non creeper way)
2. There were three girls dressed like Taylor Swift (Nerdy glasses (same style and colour), blonde hair, that style of clothes) walking side by side through the Eaton Centre who walked up to a guy standing a few feet from me in HMV and said stuff (not sure, wasn’t really listening, I’m not that much of a creeper) words were exchanged and he ended up saying “I don’t like Taylor Swift” loudly enough for me to hear, to them and one (seemed to be his girlfriend) actually slapped him. It was hilarious. It was like a scene out of a movie. I tried so hard not to laugh out loud.
3. You know how when you were young your parents would come up with ways of not letting you have that toy you wanted without actually saying “No, you can’t have it”‘. There was a kid throwing a tantrum because his mom wouldn’t get him a game he “Really wanted”. She went through the usual things like “put it on your christmas list” which always worked on me. Then when he wouldn’t listen she used on I’ve never heard used and I think she was bluffing but it worked, she said “Fine, you can have it but we’re not going to the game if you get it and I know how much you want to go”. This made the kid go crazy because you could tell he wanted the video game but at the same time he wanted to go to the game equally as much. It was really funny seeing him trying to figure out if his mom was bluffing or if she really was going to not take him. She topped it off by saying “I’ll just phone dad and tell him to give away the tickets”. Sadly (in my opinion) he still considered getting the video game but it was funny to watch him thinking of the pros and cons. It was like his head was going to explode. You had to be there.
4. There was actually a huge line outside of the apple store today, of people waiting for the iPhone 4. No, they didn’t get a new shipment. These people were waiting in the hope that the truck would arrive so they might get one. I heard one of the store employees saying to one of the people asking about the iPhone 4 that if the truck didn’t arrive today that these people would be back tomorrow hoping the truck would show up. Nutters or what?
More of these will be posted when I see them. Try finding some yourself. Just listen to the people wherever you are. Don’t eavesdrop just don’t ignore whats going on around you. You might be surprised.
After years of following my parents all over the place while they go shopping I have started to notice something about “big box” stores. Most will advertise that they have “thousands of products” or “everything you need in one place” and while this is true they seem to only be well stocked or trained for one section of the store. A good example of this would be Canadian Tire. Canadian Tire is good if you need a part for your car or if you need something fixed on your car but all the other stuff they sell is mostly rubbish. Another example is Future Shop. They sell electronics, computers, movies and games. They are good for electronics but for movies and music I’m going to go to HMV. So look twice at these stores. You may want to look elsewhere.