..nd anyway Wikipedia supports MY view!

Being serious for a moment....

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.

Well Halfords, at least, is not a HiTec company, or....?

I'm sure that someone will pick up the HMV brand, but it will not be used on retail stores that sell CDs and DVDs - there's no longer any mileage in that business model.

Perhaps a new online business will rise from the ashes - time will tell.

kad60

"We are all complicit in the demise of the 'high street' or shopping in the 'tradionalist' sense"

That's about it in a nutshell.