I gave reference to David Adams in the Jessops post, that's being aired in Speakers Corner at present. He was the former executive chairman of Jessops who about six months ago made an offer to HSBC, because he wanted to take over Jessops again.
David Adams is a non-executive director of both Halfords and HMV.
The HMV story is one that has become increasingly familiar of late. The company is wallowing in debt, and in December was unable to honour an agreement that it had made with its bankers.
Appeals to suppliers - notably music and film companies - refused to continue to support the business so it could continue to trade. There was no other option but to suspend share trading, and call in an administrator.
As a market analyst said "In the digital era, where 73.4% of music and film are downloaded, HMV's business model has simply become increasingly irrelevant and unsustainable."
There will certainly be other casualties as companies struggle to come to terms with changes in the way people are spending (or not spending) their disposable income.
So,basically,the internet rules.!! We are all complicit in the demise of the 'high street' or shopping in the 'tradionalist' sense,people will still engage in the pastime but actual sales may deminash whilst 'online' sales will increase.