Ongoing challenges for traditional retail businesses

Today we read about appointment of Deloitte as administrator to HMV.  As I see my kids charging my credit card, again, last night for downloading songs to their ipods.

This is the reality.  My kids do not need to go to a HMV store to buy music.  In fact over Christmas we were in a HMV store looking for ipod covers and we could not find what we wanted.  Got online the same day and ordered them from Amazon.

And how many people received or gave Amazon (and the like) vouchers over Christmas?

Our own newspapers this weekend featured more articles about the challenges facing retailers in terms of upward only rental reviews in Ireland. There are lots of challenges – including the economy.

Notwithstanding this I think book shops can still  be attractive – with the risk that at all times the buyer is aware of the best on-line price.  Would not claim to be a retailing expert but not sure that the current HMV store in Grafton Street, Dublin,  presents a very attractive buying experience (it needs to be something different and more attractive than the online experience).

 

 

 

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