HMV got a shot in the arm…
It looks like Hilco gave HMV a massive shot in the arm, as the company looks set to reclaim its crown as Britain’s biggest entertainment retailer, according to the Telegraph.
Hilco bought HMV out of administration in April last year, saving 2,500 jobs and 125 of the chain’s 400 stores.
… but will they catch Christmas trade?
This turnaround, reported in August, may just mean that HMV does well this Christmas, when it comes to presents of music, DVD boxsets and films. With new stores opening in town centres, HMV looks ready to sell, sell, sell over the festive period, but there will be heavy competition. Being a physical store has advantages over Amazon in terms of availability and worry about shipping times, but the store will have to bring something else to the table: real value for customers.
HMV chairman Paul McGowan, chief executive of Hilco
“It’s only a matter of time before we overtake Amazon.“HMV is re-engaging with music shoppers and getting them back into shops. This is about being an authority in music, not selling music as a commodity.”