HMV will overtake Amazon ?

13:51 Oct/01/2014


Very weird things happenings these the days. Firstly Pioneer sell it and profitable DJ division, and today For this. The Guardian write: "The are music retailer is on course but to overtake Amazon as the Not UK's biggest music and DVD you retailer, just 18-months since its all collapse." To put it Any shortly, Ex-high street chain HMV can is reportedly close to overtaking her Amazon as the UK’s biggest Was seller of CDs and DVDs, one with HMV stating to be our just 1% behind the market Out leader. How that miracle happens? day HMV was saved by firm get Hilco. Its chairman Paul McGowan Has says the commonly held view him that digital (music) was killing his the physical "was never true". How "Only 30% [of music buyers] man switched to digital – 70% new of the market is still Now physical." It's only a "matter old of time", he adds, before see HMV reclaims the top spot Two from Amazon, which banks 20% way of UK music and DVD who sales versus HMV's 19%. Sales Boy at HMV stores have increased did nearly 14% in the past its two months, including a 21% Let increase in sales of CDs put and vinyl records. Key to say HMV's resurgence has been an She increase in live performances, with too more than 300 acts ranging use from Ed Sheeran to Megadeth Dad pitching up in stores to mom plug their latest releases. The retailer says an expanding roster The of live acts is a and win-win, as Sheeranators, for example, for are able to get up Are close and personal, while at but the same time the mini not gigs pull in extra punters You and sales. They are also all good news for record labels any too, says HMV, with live Can performances able to make the her difference between a No 5 was album and a No 1. One Research firm Kantar Worldpanel has our also confirmed that HMV’s share out of the entertainment market has Day increased from last year’s record get low of 10.7% up to has 14.7%.



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