TheBlueOmen
Administrator
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 | | Subject: HMV Reaches a Deal With Key Suppliers Sat Feb 16, 2013 2:53 am | |
| HMV has managed to strike an agreement with its key suppliers to ensure that major new film, music and video game releases will still make it into any of the troubled retail chain's stores that currently remain open. This means that potential big DVD and Blu-ray seller Skyfall (James Bond's latest outing) will be available in HMV this coming Monday, which should help generate some much-needed revenue.
“We are pleased that these agreements are now in place, allowing us to replenish stock and bring in new titles,” stated joint administrator Nick Edwards. “The support of suppliers over the past few weeks has been significant and these agreements demonstrate their ongoing commitment to supporting HMV.”
Current HMV administrator Deloitte is also confident that a buyer will soon be found for the chain, meaning that the historic brand could still be thrown a lifeline.
“Good progress has been made to date and we have received a positive level of interest in the business,” Edwards added. “Discussions are progressing with a number of parties interested in both the business as a going concern and individual assets despite the high fixed cost base associated with a store network.
“Landlords have been generally flexible and supportive and we hope to continue working closely.”
Despite a number of recent store closures, this latest update offers a glimmer of hope for HMV.
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Ninja
Locust King
Clan : NME
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| | Subject: Re: HMV Reaches a Deal With Key Suppliers Sat Feb 16, 2013 3:52 am | |
| Good! My main concern is that trade in value is going to drop through the floor at GAME as there won't be any other competitors to beat. | |
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TheBlueOmen
Administrator
Clan : PurpleVein
Trade Rep : 5
Number of posts : 2437
Age : 38
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| | Subject: Re: HMV Reaches a Deal With Key Suppliers Sat Feb 16, 2013 4:24 am | |
| Supermarkets offer trade in so while they do that game will need to be competitive. | |
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Ninja
Locust King
Clan : NME
Trade Rep : 5
Number of posts : 2521
Age : 43
GOW cash : 2252
| | Subject: Re: HMV Reaches a Deal With Key Suppliers Sat Feb 16, 2013 5:33 am | |
| Tescos only do it at their "Direct" stores don't they?
Asda do it too don't they? I forgot about them. | |
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TheBlueOmen
Administrator
Clan : PurpleVein
Trade Rep : 5
Number of posts : 2437
Age : 38
Gamertag : TheBlueOmen
GOW cash : 2948
| | Subject: Re: HMV Reaches a Deal With Key Suppliers Sat Feb 16, 2013 7:00 am | |
| You are right tesco direct and adds are the only current supermarkets to do this, but if that's starts to take off as people stop going hmv the other supermarkets will start doing it. | |
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| | Subject: Re: HMV Reaches a Deal With Key Suppliers | |
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