HMV bosses hope to stay in city after store shuts doors

The Oxford Times: HMV is finally closing down on Cornmarket Street Buy this photo » HMV is finally closing down on Cornmarket Street

THE future of HMV in the city is unclear after it was confirmed the store on Cornmarket would close.

HMV bosses say they want to move to another store in Oxford, but a relocation has not been confirmed.

It means that the future of HMV workers is not known.

Shoppers reacted with shock to the news.

Since the branch in Oxford’s busiest shopping street opened in the late 1980s, it has played host to gigs and record signings.

Local bands such as Young Knives and Foals have performed there, while it has also attracted national stars ranging from rapper Professor Green to model and businesswoman Caprice and comedian Eddie Izzard.

It was also one of only a handful of places nationwide where music fans could queue up to buy tickets for the Reading Festival.

St Giles resident Allen Hughes, 46, said: “HMV is one of the best shops left in Oxford. I am a big music fan and I spend a lot of money on DVDs as well.

“I prefer coming in to HMV and I don’t like shopping online for music as I like the physical feel of an album.”

Franklin Braga, 40, from Banbury, said: “I am really sad and I can’t believe it’s closing. I am a huge music fan and I am really shocked, especially as this store stayed open when lots of other HMV stores were closing. It offers something you can’t otherwise get in Oxford.”

Marston resident John Williams, 58, said: “I am very surprised by this news and it’s disappointing for me as I don’t have an online presence and so come here to shop for my music.”

The company went into administration last January because of weak consumer spending and intense competition from the internet.

It was saved in April when restructuring firm Hilco bought 141 stores across the UK, including the Oxford shop, for a reported £50m from administrators Deloitte.

But now it will finally lose the store in the middle of Cornmarket, HMV has confirmed.

Staff member Lewis Harris said: “The staff have had one-on-ones with the management team and they said they were doing everything in their power to keep our jobs.

“We may have to move to another store in the meantime, while we try to move somewhere else. We are still trying to keep a presence in Oxford and I am confident we will find another store.”

He added: “We are the last of our kind of store left so people shopping over the weekend were a bit gutted, but we wanted to reassure them that the plan is to open another store.”

HMV head office did not comment, but on its Twitter feed, the firm said: “Just to give you all an update on the store. We will sadly be closing at the end of February. We will, hopefully, be moving into a new location soon, but we cannot confirm where as of yet.”

Comments (10)

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12:49pm Tue 14 Jan 14

Ox4Eva says...

Shopping in Oxford is nothing short of pathetic, i go into Reading or London if i want to shop these days
Shopping in Oxford is nothing short of pathetic, i go into Reading or London if i want to shop these days Ox4Eva

1:12pm Tue 14 Jan 14

Doctor69 says...

To compete, they need to lower prices. Simple.
For example I went into HMV on Sunday hoping to buy Breaking Bad season 5 on Blu Ray. £24 for the first 8 episodes with a massive 10% off as the store is closing. The exact same product is £16 on Amazon.
To compete, they need to lower prices. Simple. For example I went into HMV on Sunday hoping to buy Breaking Bad season 5 on Blu Ray. £24 for the first 8 episodes with a massive 10% off as the store is closing. The exact same product is £16 on Amazon. Doctor69

1:27pm Tue 14 Jan 14

robbo81 says...

Doctor69 wrote:
To compete, they need to lower prices. Simple.
For example I went into HMV on Sunday hoping to buy Breaking Bad season 5 on Blu Ray. £24 for the first 8 episodes with a massive 10% off as the store is closing. The exact same product is £16 on Amazon.
no they don't. Season 5 is new. it is priced highly, I bet seasons 1-3 are competitive with Amazon.

Amazon have basically deceived everyone in a very long term, clever deception. They have begun with books and made the world think they're the cheapest retailer. In some cases they are, they then spread this out to DVD's and CD's, mainly through the tax avoidance of off-shore warehousing. When that loophole closed they moved to Luxemberg but in many instances they sell lost leaders. Popular new titles like Breaking Bad are sold at a loss in the hope you'll buy other recommendations from them. People also then believe Amazon are just the cheapest or easiest solution when in fact they're not always.

When they've successfully gotten rid of all of their competitors do you think they'll still hold low pricing? No they'll simple up the prices and the consumer won't notice until another rival enters the arena. By which point Amazon will monopolise the technology so it won't be worth anyone elses efforts.
[quote][p][bold]Doctor69[/bold] wrote: To compete, they need to lower prices. Simple. For example I went into HMV on Sunday hoping to buy Breaking Bad season 5 on Blu Ray. £24 for the first 8 episodes with a massive 10% off as the store is closing. The exact same product is £16 on Amazon.[/p][/quote]no they don't. Season 5 is new. it is priced highly, I bet seasons 1-3 are competitive with Amazon. Amazon have basically deceived everyone in a very long term, clever deception. They have begun with books and made the world think they're the cheapest retailer. In some cases they are, they then spread this out to DVD's and CD's, mainly through the tax avoidance of off-shore warehousing. When that loophole closed they moved to Luxemberg but in many instances they sell lost leaders. Popular new titles like Breaking Bad are sold at a loss in the hope you'll buy other recommendations from them. People also then believe Amazon are just the cheapest or easiest solution when in fact they're not always. When they've successfully gotten rid of all of their competitors do you think they'll still hold low pricing? No they'll simple up the prices and the consumer won't notice until another rival enters the arena. By which point Amazon will monopolise the technology so it won't be worth anyone elses efforts. robbo81

1:38pm Tue 14 Jan 14

King Joke says...

What a ridiculous ignorant comment OX4. HMV is closing across the whole country not just in Oxford.

Every time a shop closes in Oxford the site is snapped up by another owner, eg White Company, l’Occitane recently. There are very few vacant sites in the city, suggesting the market is actually quite healthty.
What a ridiculous ignorant comment OX4. HMV is closing across the whole country not just in Oxford. Every time a shop closes in Oxford the site is snapped up by another owner, eg White Company, l’Occitane recently. There are very few vacant sites in the city, suggesting the market is actually quite healthty. King Joke

2:53pm Tue 14 Jan 14

Andrew:Oxford says...

robbo81 wrote:
Doctor69 wrote:
To compete, they need to lower prices. Simple.
For example I went into HMV on Sunday hoping to buy Breaking Bad season 5 on Blu Ray. £24 for the first 8 episodes with a massive 10% off as the store is closing. The exact same product is £16 on Amazon.
no they don't. Season 5 is new. it is priced highly, I bet seasons 1-3 are competitive with Amazon.

Amazon have basically deceived everyone in a very long term, clever deception. They have begun with books and made the world think they're the cheapest retailer. In some cases they are, they then spread this out to DVD's and CD's, mainly through the tax avoidance of off-shore warehousing. When that loophole closed they moved to Luxemberg but in many instances they sell lost leaders. Popular new titles like Breaking Bad are sold at a loss in the hope you'll buy other recommendations from them. People also then believe Amazon are just the cheapest or easiest solution when in fact they're not always.

When they've successfully gotten rid of all of their competitors do you think they'll still hold low pricing? No they'll simple up the prices and the consumer won't notice until another rival enters the arena. By which point Amazon will monopolise the technology so it won't be worth anyone elses efforts.
Books, CDs & DVDs?

It's clearly been a long time since you looked at their website. There isn't much they don't sell nowadays.

Personally, I don't just buy from Amazon on price - I buy for convenience and quality of service. Order today, then walk round to your local newsagent or grocer after work tomorrow and pick up it up.

John Lewis do a fairly similar service too with pick-up from Waitrose.
[quote][p][bold]robbo81[/bold] wrote: [quote][p][bold]Doctor69[/bold] wrote: To compete, they need to lower prices. Simple. For example I went into HMV on Sunday hoping to buy Breaking Bad season 5 on Blu Ray. £24 for the first 8 episodes with a massive 10% off as the store is closing. The exact same product is £16 on Amazon.[/p][/quote]no they don't. Season 5 is new. it is priced highly, I bet seasons 1-3 are competitive with Amazon. Amazon have basically deceived everyone in a very long term, clever deception. They have begun with books and made the world think they're the cheapest retailer. In some cases they are, they then spread this out to DVD's and CD's, mainly through the tax avoidance of off-shore warehousing. When that loophole closed they moved to Luxemberg but in many instances they sell lost leaders. Popular new titles like Breaking Bad are sold at a loss in the hope you'll buy other recommendations from them. People also then believe Amazon are just the cheapest or easiest solution when in fact they're not always. When they've successfully gotten rid of all of their competitors do you think they'll still hold low pricing? No they'll simple up the prices and the consumer won't notice until another rival enters the arena. By which point Amazon will monopolise the technology so it won't be worth anyone elses efforts.[/p][/quote]Books, CDs & DVDs? It's clearly been a long time since you looked at their website. There isn't much they don't sell nowadays. Personally, I don't just buy from Amazon on price - I buy for convenience and quality of service. Order today, then walk round to your local newsagent or grocer after work tomorrow and pick up it up. John Lewis do a fairly similar service too with pick-up from Waitrose. Andrew:Oxford

5:39pm Tue 14 Jan 14

fishstew says...

with the advent of digital music and video (eg spotify netlix etc) stores like HMV are becoming obsolete. sad but unfortunately true. its easy to store 1000's on albums on a 3.5" hard drive then it is to find room for a 1000 CD's
with the advent of digital music and video (eg spotify netlix etc) stores like HMV are becoming obsolete. sad but unfortunately true. its easy to store 1000's on albums on a 3.5" hard drive then it is to find room for a 1000 CD's fishstew

6:43pm Tue 14 Jan 14

King Joke says...

What next for the site? A Hollister I reckon.
What next for the site? A Hollister I reckon. King Joke

8:03pm Tue 14 Jan 14

Andrew:Oxford says...

King Joke wrote:
What next for the site? A Hollister I reckon.
I'd guess a C2DE focused outlet/operator temporarily until such time as the landlord makes a decision on the potential redevelopment of the site to meet the needs of a longer term leaseholder.

A premium retailer is more likely to go for a site in the planned Westgate site - John Lewis always brings quality footfall.

Word in the commercial property circuit is that LBG is being courted for a TSB or Halifax outlet - although my understanding is that they have a long-term option on the "Top Shop" outlet next to M&S...

So perhaps Top-Shop for the (former) HMV site?
[quote][p][bold]King Joke[/bold] wrote: What next for the site? A Hollister I reckon.[/p][/quote]I'd guess a C2DE focused outlet/operator temporarily until such time as the landlord makes a decision on the potential redevelopment of the site to meet the needs of a longer term leaseholder. A premium retailer is more likely to go for a site in the planned Westgate site - John Lewis always brings quality footfall. Word in the commercial property circuit is that LBG is being courted for a TSB or Halifax outlet - although my understanding is that they have a long-term option on the "Top Shop" outlet next to M&S... So perhaps Top-Shop for the (former) HMV site? Andrew:Oxford

8:47pm Tue 14 Jan 14

JPOX28 says...

Heard Superdry will be taking over the store.
Heard Superdry will be taking over the store. JPOX28

8:24am Wed 15 Jan 14

King Joke says...

I don't think Hollister or Superdry would bother waiting another half-dozen years for the Westgate to appear. Superdry are already established here but I can't imagine are entirely happy with the St Ebbe's site in terms of footfall.
I don't think Hollister or Superdry would bother waiting another half-dozen years for the Westgate to appear. Superdry are already established here but I can't imagine are entirely happy with the St Ebbe's site in terms of footfall. King Joke

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