HMV: Revival of the top dog
- Pages: 23
- Published: June 2016
- Report Code: ML00022-022
HMV, established in 1921, has long been the leading UK high street retailer in the music and video market. The company, with the slogan “top dog for music”, had an edge over other entertainment retailers with exciting in-store events, huge back-catalogs, and backing from the music and film industry. However, following a period of revenue decline and profit losses, the company found itself on the brink of collapse, officially going into administration in January 2013. In April 2013, Hilco UK announced that it had acquired HMV and subsequently embarked on a strategy to turn the company around. This case study looks at HMV in the early days, analyzes the problems that led to its near collapse, and examines how the business has been revived following the Hilco purchase.
Scope
Looks at the rise of HMV and the reasons for its subsequent decline into administration.
Examines the market conditions that impacted the company.
Looks at the acquisition of HMV following administration.
Examines the new methods employed by HMV to turn the company around.
Reasons to buy
Why did HMV fall into difficulty?What factors led to administration?
What new strategies have been employed?
How successful has HMV been in staging a turnaround?
Companies mentioned
None
Table of Contents
List of Tables
List of Figures
Pricing
Discounts available for multiple purchases.