Music retailer HMV launches British web shop

Music retailer HMV launches British web shop

HMV, also known as His Master's Voice, sees potential in eCommerce as it will launch a web shop in a "matter of weeks"... two years after a near bankruptcy.

Expand successful comeback online

"People are switching from downloads to streaming music, so digital is eating digital but physical music sales are recovering,” said CEO Paul McGowan. To take full advantage of that recovery, the British music icon will open a web shop for CD's, DVD's and games in "a matter of weeks".

 

HMV soft launched a limited web shop in Ireland last year, but its website in Great Britain was a mere music blog up until now, merely active to keep the tie with the consumer alive. "We are careful that we don’t want to overcook it but there is a large potential for the UK website to lift the business"", McGowan said.

 

The web shop should become the highlight, for now, of its highly successful comeback. The company was more than 200 million euro in debt merely 2 years ago, which meant that its 223 record stores would have to close. More than 4,000 people would have lost their jobs, but merely a few months later, the music icon managed to survive with 140 stores thanks to Hilco's support. Nowadays, HMV is not only profitable, it even regained its position as "largest British music seller" from Amazon.

Questions or comments? Please feel free to contact the editors


Amazon Echo is now available in the Benelux

11/12/2017

Amazon announced it will ship its smart speaker Amazon Echo to another 28 countries, including Belgium and the Netherlands. Its own music streaming service will also get a local launch.

Luxury manufacturers can block retailers from selling on Amazon

07/12/2017

Luxury product manufactures can block retailers from selling their merchandise on online marketplaces like Amazon. The European Court of Justice has ruled on the matter after cosmetics manufacturer Coty filed a complaint.

Surge in mobile sales during Thanksgiving weekend

29/11/2017

During Thanksgiving weekend in the United States, which contains Black Friday and Cyber Monday, there was a big surge in mobile sales. Those two days saw a total sales figure of almost twelve billion dollar (just shy of ten billion euro).

Alibaba reveals its high-tech store of the future

24/11/2017

Amazon Go’s automated supermarkets have not yet arrived, but Alibaba already has its answers ready. The Chinese online retailer has showcased Tmall Supermart, filled with technology: from virtual fitting rooms to facial recognition.

Rakuten bridges gap to Japanese online consumer

30/10/2017

In Alibaba and Amazon’s shadow, Japanese Rakuten Ichiba is quickly developing. Several Western chains are using the platform to sell their products to Japanese online consumers.

Whole Foods contributes to Amazon's enormous turnover increase

27/10/2017

American Amazon’s third quarter turnover grew a lot once more, partially thanks to Whole Foods. This was the first time the chain’s turnover was added to Amazon’s overall turnover.

Back to top