Music retailer HMV launches British web shop | RetailDetail

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


Microsoft builds competitor for Amazon Go

14/06/2018

Microsoft is working on its own technology that should render checkouts in stores obsolete. The American company says it wants to be an ally for the retail sector, mostly in its struggle against Amazon Go.

Amazon bans customers who return too much

24/05/2018

Amazon is putting a stop to customers that return too many items or that “misbehave” according to the retailer: whoever crosses the line, will be banned. Dozens of customers have taken to social media to complain about this unilateral account removal.

LVMH invests millions in fashion search engine Lyst

24/05/2018

French luxury group LVMH, led by Bernard Arnault, will invest millions of dollars in Lyst once again. The luxury fashion search engine wants to expand its global expansion this way.

Amazon now delivers packages to car trunks

25/04/2018

From now on, Amazon delivers orders to the trunk of your car. The retail and technology giant has given its Prime subscribers access to get packaged delivered to the trunk of their car, without any additional costs. The service is currently limited to the United States.

Dutch Beate Uhse division not bankrupt after all

05/04/2018

German Beate Uhse’s Dutch subsidiary has not gone bankrupt after all and will continue its activities in both Belgium and the Netherlands. The company revealed the information itself after bankruptcy rumours surfaced.

Amazon often cheaper than Dutch competitors

03/04/2018

Products that are available on both Dutch web shops and Amazon.de, are cheaper at Amazon in about half the cases. Not only do Dutch stores compete with Amazon.de, which ships to the Netherlands, but there are also rumours that Amazon.nl and Amazon.be will soon become more active.