HMV going into administration

Boombastic · 17-01-2013 05:14PM

Hogzy wrote: »

Ethics are subjective and therefore inconsistent.

I feel for voucher holders though. But i have more sympathy for the staff who are going to loose their jobs. Others rank above voucher holders in this debacle.

and others rank above staff

homerun_homer · 17-01-2013 05:24PM

Is there a list anywhere of what stores are accepting the vouchers as good will in place of HMV?

quikquest · 17-01-2013 05:26PM

ilovesleep wrote: »

In a few years time a lot of shops in our towns and cities here in Ireland will be dead or dying due to online buying and people will only have themselves to blame for ghost towns for outsourcing for their supplies. There's very valid arguements of course for their online shopping - price for one. The hassle of getting in and out of the town/city and parking - another saving there. My sister perfers to buy online too for savings whereas I differ there I perfer going into an actual shop. Like I wanted to buy something and I was checking out the argos catalogue but my sister told me about amazon and I'd get it much cheaper there (she bought one a few weeks beforehand). I went into argos anyways. The saving she made on hers was 6 euros. She spent 31, I spent 37 on something very similiar but not the same. I'd prefer to spend locally like that. If everyone bought online we'd be shooting ourselves in the foot with more unemployment and less jobs.

I see your point but also think about it. If people buy stuff online it CAN increase jobs! New courier services could come into effect creating jobs their, distrubution warehouses could open in ireland, packers, web designers, payment processors might need more workers, customer service etc... the list goes on!

I think if Ireland became more used to buying online and Irish business' actually had proper websites that worked and were updated it could have a positive effect (and people would buy stuff in ireland knowing that their order will be with them tomorrow instead of buying from UK). Always going to need people to pack items/answer phones/deal with issues etc.... so it could balance out!

Basq · 17-01-2013 05:28PM

homerun_homer wrote: »

Is there a list anywhere of what stores are accepting the vouchers as good will in place of HMV?

Only three I've seen so far.. Sober Lane (Cork), Grafton Lounge (Dublin) and The Stag's Head (Dublin).

homerun_homer · 17-01-2013 05:35PM

Golden Discs offering 20% off if you show the card too.

melekalikimaka · 17-01-2013 05:35PM

Lyaiera wrote: »

You can be ethically entirely correct and legally wrong, and ethically entirely in the wrong and legally in the clear.

yes you can...

so you believe its ok not to terminate a child 1 month in term if the mothers life is at risk? just an example

as pervious poster stated, ethics are variable, law not so much

sock puppet · 17-01-2013 05:48PM

Lyaiera wrote: »

He hasn't said anything incorrect. He said that they've done something wrong (they have, ethically.) And the people stealing from the shop aren't completely right either (they stole.)

You can be ethically entirely correct and legally wrong, and ethically entirely in the wrong and legally in the clear.

And you're the one saying other people don't understand. :rolleyes:

Surely if you take that line, they were wrong not only to sell vouchers but to continue trading at all once there was a material doubt that the company could survive. For instance we've seen in this thread that they now have salaries to pay which they may or may not be able to cover. I'm sure there will also be suppliers who'll lose out as well. Should every business just shut up shop once they run into difficulty?

Allyall · 17-01-2013 05:51PM

Businesses accepting HMV vouchers.

http://www.irishtimes.com/newspaper/breaking/2013/0117/breaking52.html

17-01-2013 05:53PM

A guy from Tower Records I think was on Joe Duffy yesterday saying he would give some sort of a discount.

knucklehead6 · 17-01-2013 05:59PM

Boombastic wrote: »

and others rank above staff

That has to be one of the most arrogant posts i've seen in relation to this.

You probably are the grand-thief

sock puppet · 17-01-2013 06:08PM

knucklehead6 wrote: »

That has to be one of the most arrogant posts i've seen in relation to this.

You probably are the grand-thief

The priority of claims when a company goes under is well known. Staff aren't top of that pile.

Lyaiera · 17-01-2013 06:09PM

melekalikimaka wrote: »

yes you can...

so you believe its ok not to terminate a child 1 month in term if the mothers life is at risk? just an example

as pervious poster stated, ethics are variable, law not so much

I don't know what you're talking about.

You said someone didn't understand that laws and ethics don't "shotgun." I said he did understand that because he said there was ambiguity in the "righteousness" of what they did. You're the one painting it like it's a black and white circumstance. You're the one who is misinterpreting others.

And bringing up someone's life over a discussion about CDs is disgusting.

bada_bing · 17-01-2013 06:10PM

i wish i had a HMV voucher now!!

Boombastic · 17-01-2013 06:13PM

knucklehead6 wrote: »

That has to be one of the most arrogant posts i've seen in relation to this.

You probably are the grand-thief

Not sure why you think that? There is a procedure which must be followed, which I did not invent but learned about on this thread.

Banks etc are higher ranked than the staff. The staff are trespassing and should be arrested and forcibly removed. The law is the law after all

Lyaiera · 17-01-2013 06:15PM

sock puppet wrote: »

Surely if you take that line, they were wrong not only to sell vouchers but to continue trading at all once there was a material doubt that the company could survive. For instance we've seen in this thread that they now have salaries to pay which they may or may not be able to cover. I'm sure there will also be suppliers who'll lose out as well. Should every business just shut up shop once they run into difficulty?

We'll never know. Unless the directors are gone after by the shareholders for failing in their duties it'll be impossible to tell. That rarely happens though as director's insurance and their personal wealth is rarely enough for them to be taken to court by the shareholders. It has often been found that businesses have abused their positions due to the moral hazard of such a situation.

And that's before you get into the ideas in both jurisprudence and legislature that consumers are the most likely to be abused and have the least legal protection from the basics of contract law.

Hogzy · 17-01-2013 07:24PM

Lyaiera wrote: »

Unless they're objectively derived from humanity with natural rights.

But I'm not too sure HMV are bothered by that.

And what of HMVs other creditors. Should they be told tough luck?

Defiler Of The Coffin · 17-01-2013 07:54PM

melekalikimaka wrote: »

i dont think you are grasping the notion that morals and the law don't ride shotgun together

Fine. Let's see if this goes to court and if the gentleman involved is convicted. We'll see then who has a grasp of what.

Allyall · 17-01-2013 07:57PM

Defiler Of The Coffin wrote: »

Fine. Let's see if this goes to court and if the gentleman involved is convicted. We'll see then who has a grasp of what.

I doubt it will. HMV have no money, not going to chase him for €46, especially under the circumstances. Also he already has a lot of sympathy from some people in the public.

HMV could take him, and would be well within their rights, especially if he kicked off a trend of people doing it. But i doubt they'll be bothered. They probably have a few other things on their mind..

Defiler Of The Coffin · 17-01-2013 08:01PM

Allyall wrote: »

HMV could take him, and would be well within their rights, especially if he kicked off a trend of people doing it. But i doubt they'll be bothered. They probably have a few other things on their mind..

You're talking like HMV have the power to convict him, they don't. They can make a complaint and it gets taken from there. Whether he gets convicted or not is down to someone deciding whether his 'crime' against society is worth punishing him for. Not going to happen. The law isn't as black and white as some in this thread would have you believe.

Allyall · 17-01-2013 08:05PM

Defiler Of The Coffin wrote: »

You're talking like HMV have the power to convict him, they don't. They can make a complaint and it gets taken from there. Whether he gets convicted or not is down to someone deciding whether his 'crime' against society is worth punishing him for. Not going to happen. The law isn't as black and white as some in this thread would have you believe.

I was just sayin' I doubt he'll be going to court...

Also if you look over to the far right of the page (Just above)

>

Zoooooooooooom!! (I'm outta here)

Defiler Of The Coffin · 17-01-2013 08:07PM

Allyall wrote: »

Zoooooooooooom!! (I'm outta here)

NOOOOO!! GIVE ME YOUR HMV VOUCHER BEFORE YOU LEAVE!

starviewadams · 17-01-2013 08:10PM

So I can bring my €50 HMV card to the Grafton Lounge tomorrow night and drink €50 worth of gargle?!what's in it for the Grafton Lounge?

Rory1 · 17-01-2013 08:16PM

Lyaiera wrote: »

He hasn't said anything incorrect. He said that they've done something wrong (they have, ethically.) And the people stealing from the shop aren't completely right either (they stole.)

You can be ethically entirely correct and legally wrong, and ethically entirely in the wrong and legally in the clear.

And you're the one saying other people don't understand. :rolleyes:

I dont agree. Where do you draw the line, if they stopped accepting credit from consumers (that's all a voucher is), should have turned away suppliers. "Sorry, I wont take your services". There was nothing ethically wrong with HMV selling vouchers last weekend.

melekalikimaka · 17-01-2013 09:21PM

a large portion of the contributors to this thread have made the ignore list,

carpejugulum · 17-01-2013 09:26PM

Hogzy wrote: »

Unfortunatly that wasnt magic'd from air. It was magic'd from our pockets.

There have been a lot of net beneficiaries.

jasonbourne.cs · 17-01-2013 09:36PM

yeah wouldn't mind using them for Grafton Lounge if anyone can clarify how it works ?

SV · 17-01-2013 09:54PM

melekalikimaka wrote: »

a large portion of the contributors to this thread have made the ignore list,

Cool story bro.

cloud493 · 17-01-2013 10:38PM

GAME looking to acquire HMV stores after stronger than expected Xmas

OpCapita owned retailer GAME has approached administrators Deloitte about the possible acquisition of some HMV stores.

Game Retail chief executive Martyn Gibbs confirmed the move, though regfused to give any numbers. It seems, however, that between 40-45 locations are being targeted in towns where GAME does not currently have a presence.

“We will constantly review our property portfolio based on what is available,” Gibbs confirmed to The Financial Times. “I would not rule out any stores that are becoming available, be that through an administration or normal property deals.”

Although Game Retail has not released any numbers for its Christmas trading, Gibbs claims they were “ahead of expectations” and the retailer is confident it can hit its £20m annual earnings target by July.

He added that the approach to Deloitte has been made by GAME management and not by owner OpCapita, which still faces a possible Government enquiry over its handling of the collapse of Comet.

Game Retail's enquiry is said to be one of 50 expressions of interest in HMV assets, with strong competition still coming from HMV Canada owner Hilco and private equity group Endless.

The move, if it comes to fruition, could be good news for HMV. Management remains certain HMV can survive, although it will undoubtedly have to reduce its High Street footprint if it wishes to do so.

What's more surprising is GAME's interest. The chain shed half of its retail real estate a little under a year ago when former owners GAME Group fell into administration. With 300 UK stores still in operation, any increase would raise eyebrows – unless it was offset by the closure of some existing outlets.

Others may well question the wisdom behind such an expansion as we approach the reveal of a new generation of consoles that will place a greater emphasis on digital than we've ever seen before.

Saying that, of course, the collapse of HMV and Blockbuster certainly puts Game Retail in a stronger position than it was before. Expansion would be bold, but he who dares wins... in theory.

http://www.mcvuk.com//news/read/surprise-game-looking-to-acquire-hmv-stores-after-stronger-than-expected-xmas/0109461

super_furry · 17-01-2013 10:45PM

Wouldn't be much use to us here since GAME abandoned the Irish market already.

ixoy · 17-01-2013 10:50PM

jasonbourne.cs wrote: »

yeah wouldn't mind using them for Grafton Lounge if anyone can clarify how it works ?

They'll take your name and note down the number of the card. If the value is greater than €50 you'll need a receipt.
No other catches and it worked out fine. Still curious as to what they get out of it - publicity is one thing but this will surely cost them.

HMV going into administration

Comments