HMV is finally out of administration

I have reacently receaved an e-mail informing customers that HMV is officialy out of administration. The in the email it says:

"As you are no doubt aware, HMV went into administration on 15 January 2013, however we are pleased to inform you that the company is officially out of administration and we're moving forward with the business."

This email was sent to me on 13 April 2013

Original e-mail

In total there was 141 stores in the UK that was saved and here is the full list of stores that was saved.

1. Aberdeen
2. Ayr
3. Banbury
4. Bangor (Wales)
5. Basingstoke
6. Basildon
7. Bath
8. Belfast Donegall Arcade
9. Birmingham Bullring
10. Blackpool
11. Bluewater
12. Bournemouth
13. Bradford
14. Brighton
15. Bristol Broadmead
16. Bristol Cribbs Causeway
17. Bromley
18. Bury
19. Bury St Edmunds
20. Cambridge
21. Canary Wharf
22. Canterbury
23. Cardiff
24. Carlisle
25. Chelmsford
26. Cheltenham
27. Chester
28. Chichester
29. Colchester
30. Coventry
31. Crawley
32. Cwmbran
33. Darlington
34. Derby
35. Doncaster
36. Dudley Merry Hill Centre
37. Dundee
38. Eastbourne
39. East Kilbride
40. Edinburgh Fort
41. Edinburgh Ocean Terminal
42. Edinburgh Princes Street
43. Exeter
44. Gateshead
45. Glasgow Argyle Street
46. Glasgow Buchanan Street
47. Glasgow Fort
48. Gloucester
49. Grimsby
50. Guernsey (St.Peter Port)
51. Guildford
52. Hanley (Stoke-on-Trent)
53. Harlow
54. Harrogate
55. Hastings
56. Hatfield
57. Hereford
58. High Wycombe
59. Horsham
60. Hull
61. Inverness
62. Ipswich
63. Islington
64. Isle of Man (Douglas)
65. Isle of Wight (Newport)
66. Jersey (St.Helier)
67. Kettering
68. King's Lynn
69. Kingston-Upon-Thames
70. Leamington Spa
71. Leeds Headrow
72. Leeds White Rose
73. Leicester
74. Lincoln
75. Liverpool Liverpool One
76. Livingston
77. Llandudno
78. Maidstone
79. Manchester 90 Market Street
80. Manchester Trafford Centre
81. Mansfield
82. Middlesbrough
83. Milton Keynes
84. Newcastle
85. Newport (Wales)
86. Northampton
87. Norwich Chapelfield
88. Norwich Gentlemen's Walk
89. Nottingham Victoria Centre
90. Nuneaton
91. Oxford
92. Oxford Circus 150 Oxford Street, London W1
93. Peterborough
94. Poole
95. Portsmouth Commercial Road
96. Portsmouth Gun Wharf
97. Preston
98. Plymouth
99. Reading Oracle Centre
100. Romford
101. Selfridges Oxford Street, London W1
102. Sheffield High Street
103. Sheffield Meadowhall
104. Shrewsbury
105. Solihull
106. Southampton
107. Southend
108. Southport
109. Speke Park (Liverpool)
110. Staines
111. Stevenage
112. Stirling
113. Stockport
114. Stratford-Upon-Avon
115. Sunderland
116. Sutton
117. Swansea
118. Taunton
119. Thanet
120. Thurrock
121. Truro
122. Tunbridge Wells
123. Uxbridge
124. Westfield London Stratford City
125. Westfield London W12
126. Wimbledon (hmvcurzon)
127. Winchester
128. Wolverhampton
129. Worcester
130. Worthing
131. Yeovil
132. York

Fopp Stores

1. Bristol
2. Cambridge
3. Edinburgh
4. Glasgow, Byres Road
5. Glasgow, Union Street
6. London - Covent Garden
7. London - Gower Street
8. Manchester
9. Nottingham

Dragon's Den Buy's Collapsing Company's

The collapsed High Street camera retailing brand Jessops has been bought by a group including entrepreneur and Dragons' Den star, Peter Jones. This dose not mean that the chain is going to reopen. The part of the deal covering "certain other assets" is understood to mean leftover stock and intellectual property.

There may think that it might be financially possible to reopen the chain but they are not forced to do so. The amount paid to take control of the brand has not been disclosed. When Jessops collapsed earlier this month it closed its 187 branches with the loss of 1,500 jobs. The firm had suffered in recent years due to competition from on line retailers.

There have also been mentions that another Dragons' Den star, Theo Paphitis was considering buying HMV. Earlier this month, Theo Paphitis had suggested that he had no interest in the ailing entertainment retailer, after he claimed on Twitter that it had "no reason to exist anymore".

But according to the Daily Mail, Theo Paphitis is now interested in buying the chain, which went into administration earlier this month. They also claim that HMV has sent out information out to 20 parties potentially interested in investing and expects to receive offers by the end of this week.
Theo Paphitis said: "My interest for HMV harks from an era that thinks, 'What a great brand. Often I have looked at things and thought 'Is there something there?".

HMV Possible Bailout

HMV's 239 stores in administration and a 25%-off sale in full swing, many small companies whose CDs are in the retailer's racks are anxiously waiting to see whether they will lose money as a result of the collapse.

HMV is its most important customer and accounts for 50% of its sales, says Neil Record, who runs the label's sales and distribution department.

"We're a little bit in the dark as to whether we're going to get our stock back," he said, adding that a few thousand CD's were at stake. Generous terms World Music Network, like most independent labels, does not handle its own distribution. Its CD's are actually delivered to music outlets by Proper Music Distribution.

But music industry sources have confirmed to the BBC that in an effort to save the retailer from going under, suppliers both big and small have been providing it with stock on far more generous terms than were being extended to its independent counterparts.

Whereas most record shops have to pay suppliers within 30 days of being invoiced, HMV has been granted a 60-day period. The goods have also been supplied on a sale-or-return basis, meaning that HMV does not pay for items unless its customers shell out for them.

"That cut them a lot of slack," said one source. "In many ways, it was a lifeline for them."

Suppliers have also put up with HMV's lack of central distribution, which means that distributors have to cart the CDs directly to individual shops.

December is the busiest month of the year for CD and DVD sales. HMV could normally expect to receive invoices for those sales this month.

With the 60-day grace period kicking in from the end of the month in which the invoice is received, HMV would not have had to pay the bill until springtime.

But now that HMV is in administration, things become more complicated. If HMV closes down completely, World Music Network and its fellow small labels, queuing up for repayment with the rest of the chain's creditors, might never get paid at all. But while independent record companies face losses from HMV's woes, at least one major label is potentially on the hook for a great deal more.

HMV used to be part of the EMI record company until 1998, when it was spun off as a separate concern. At the time, EMI agreed to guarantee rental agreements on some of HMV's stores.

When Universal acquired EMI last year, it took on those liabilities. So if those stores are shut down and not relate, Universal could face a rent bill running into tens of millions of pounds.

But back at World Music Network, Neil Record is concerned about how to reach his customers if HMV disappears from the nation's High Streets.

"We knew CDs were under attack from digital sales," he says. "It was inevitable, but we didn't expect it this soon."

Fingers crossed that HMV will stay open because meny men wouldn't have many places to go.

Closing HMV

Hearing that hmv is closing down made me think that if there is anywhere in the high street that I am able to buy my music and films from. It also made me think that the modern high street is now just filled with cafe's and major clothing brands. This is the soul reason that I go into the high street is to go into a record shop and buy a physical disk of information which will play music when played on a "CD" player.

I never liked getting MP3's because they never give me the satisfaction in sound quality and has a good chance that it would become corrupted sooner or later. I don't like buying thing online because I am never sure on what the web-sight is doing with my information, even if I have used them before, I am very cautious. Even then you have to wait around for the CD to come though the post which can take up to a week for it to come though.

I want to buy a CD and wait around to find out that it has been lost in the post and was delivered to the wrong person. Which means that I have to wring up customer service of the company that I have bought the item from, explain to them that I have not received the item that I have ordered. Moan at them for hours that I really don't have the item where they say that I have to buy a new one because they cannot be sure that you don't really have it because they have been told that the item has been delivered on time.

Is this what we really want? I thought that the Internet was meant to make things easier. It makes it harder for the customer to know what they are getting is genuine. Or get a refund because there is no human contact and there is no way that the person on the other end is able to know what has happened after it has left the warehouse.

I just need a good record store that I can just walk into and buy my CD. That's all that I want to do and not have the high street filled with Jeggings and knitted hats which you ware in the middle of summer because you say "It's cool." and "It's called fashion".

No it's not your waring a condom on your head and you have renamed the leggings just give your parents an excuse not to ware a skirt, shorts or that stupid dress that you think makes you look fat. Leggings are supposed to be warn under something else. If you don't ware anything over the top of your leggings, you might as well not ware them at all.

Need more record shops that sold real music!