|The golden age for HMV|
It may look like a simple "economic crisis" failure, another Woolworths (sob!), but I've always been a little worried for HMV. Shopping there, in recent years, has caused more of a grimace than a grin - the high prices sometimes took the shine off the excitement of buying new releases. Why not wait an extra three days and order it on Amazon instead?
This, combined with their inability to take to online sales (I questioned myself today, with wind of the news - "Do they even sell music online?"), has made them the Neanderthal in the face of Homo-Sapiens Amazon and iTunes. And like Everything Everything so rightly pointed out on the Channel 4 news tonight (please note my pleasant surprise at how well they did alongside Jon Snow), HMV spread itself too thinly across the market, branching out into films, games, tickets, merchandise, sound systems...
The one thing I'm desperately, desperately praying about now is the survival of Waterstones, a member of the HMV group. I don't know if I could handle another great british institution closing down, let alone a guardian of books.