There have been a few occasions when I've thought that being, or seemingly at least, proved right is of little consolation. The news released today of HMV's spiralling sales decline suggests, sadly, they are facing the abyss. I want to make one thing absolutely clear. I don't want HMV to go bust, I don't want them to vanish off the High Street, but it looks like that is now a distinct possibility. As I've said before HMV doesn't know what it is any more. Music shop? Clothes Shop? Games Shop? Electronics store (I was in one the other day and they were selling headphones for £269.99. HMV trying to sell headphones at £269.99? Have they taken leave of their senses?) or a DVD Shop. As I said here "rather than work out what they do and what they are for, they, like a three year old with some fuzzy felt, are throwing things in the hope what sticks makes a nice picture."
Things look grim. And while a turnaround is always possible, it's difficult to see where it is coming from. Perhaps a return to what they used to do might work, although unfortunately I suspect it might already be too late.
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