My view on all this is that it’s too little and too late. Back in the late nineties was the time for HMV to broaden their delivery of entertainment across other formats. The recent successful foray into live music is making money but is one of the few assets they can sell to prop up the business.
When the live music business goes, and the retrenching to a CD/games retailer is complete, why should we shop at HMV? Amazon does pretty well for me, as does iTunes and Spotify thank you.
How about flipping the strategy? Keep the profitable live music business and sell off/close the loss making shops. Just a thought.
Almost half of UK consumers are not interested in buying products via social commerce, such as Facebook stores, according to a study.
The study, conducted by Havas Media Social and Lightspeed Research, suggests that despite the retail industry hailing social commerce as the “next big thing”, 89% of people have not bought a single product through Facebook and 44% are not interested in doing so.
Retailers and brands including HMV, Asos, Bulldog and French Connection have all launched Facebook stores in recent months.