Over on This Is Money ("Troubled music chain HMV's profits slump on death of the CD") we see HMV in difficulty with CD sales slumping in the wake of music downloads and how they are adjusting to selling more music hardware than CDs.
HMV has probably been in a difficult position for a long time. Even on the high street it was much more expensive than its main rival Virgin Megastore / Zavvi. But now, with Amazon, Play and many others offering such cheap deals and convenient and free delivery on CDs they appear to be fighting a losing battle. Even music technology can be cheaper online so it waits to be seen whether their planned shift will work either.
People complain about the internet destroying businesses. But they still use them so the public is to blame as well.
Friday 1 July 2011
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