Hundreds of arts groups lose funding

More than 200 organisations that received regular funding from Arts Council England have missed out after "a series of painful decisions".  About 1,300 venues, theatres, galleries and arts groups applied for grants from the council, which had its budget cut by £100m in October's Spending Review.

Simon Hall

Merchandise

HMV stores stock a range of products from audio, books, Blu-ray discs, CDs, computer software and hardware, DVDs, video games and most recently have expanded their range of clothing and fashion items through "The Studio" section of their stores.

Average sized store merchandises a range of 30,000 individual books, with 200,000 titles in the largest store at London’s Piccadilly

From 2010 HMV has built a bigger presence in digital through a joint venture with 7digital. HMV is trialling digital cinemas in partnership with Curzon, and is selling mobile phones through a deal with France Telecom's Orange.

HMV stated that by 2013 they expected to be debt free despite anticipated capital expenditure of 40 million pounds a year.

HMV is now established as a place to buy entertainment-related technology. Our ranges include Apple iPods and related accessories, headphones, speaker docks and much more. We are continuing to add both space in our stores and new products, as we are targeting 12% of HMV’s sales from technology by 2013.

HMV have made a good start in fashion, driven by their ranges of band-related tee-shirts. They are broadening their ranges of fashion and accessories. An exciting new shop-in-shop in which to merchandise these products, The Studio, is being rolled-out to all of their stores early in our new financial year.

Re/Play is HMV’s pre-played games offer. Their total games offer consistently outperformed the market during the year, and Re/Play has been a key factor in this. By offering their customers great trade-in offers against the very latest and most coveted new releases, their value credentials are reinforced.

Bibliography

http://www.hmvgroup.com/about-us/facts-and-figures.aspx

http://uk.reuters.com/article/2010/03/26/uk-hmv-idUKTRE62P1QA20100326

http://2010hmvgroup.ry.com/Business_and_Financial/Evolving_as_a_brand.aspx

(download)

Click here to download:

Untitled.zip (267 KB)

A beginning, at least. Photos from HMV's Get Closer, which may be worth a look for more recent developments :).  Will do some more hunting over the weekend

Subsidiary of 'The Gramaphone Company', formed in 1898 by Trevor Williams & Barry Owen.
Nipper & 'His Master's Voice' appeared on first record in the UK in 1909, replacing TGC's 'Recording Angel'. (Survives in 'Angel Records'). - coins the term 'HMV Records'.

From the beginning: Cutting Edge and Expansionist:

In 1921, the first HMV store opens on Oxford Street - opened by Sir Edward Elgar, and described as "the most up-to-date and artistic business house yet seen in London".
Dec: 1921 - 9 foot man illumination with revolving gramophone outside the store at Christmas "the most striking illuminated electric motion sign yet seen in London".
1934: 4 Month tour of Britain on the 'HMV Train' showing goods to the country, and delivering to selected retailers.

1931 - Gramophone Company merges with the Columbia Gramophone Company to form parent company of HMV, Electric and Musical Industries Ltd.
Dec 1937 - HMV burns down. New, bigger store opened, Ground Floor: Gramophones, Lower Ground: Household applicances, Electric Kitchen. First Floor: Radio and Recording Studio.

Survive War, though further fragments the Nipper/HMV brand (JVC, RCA)

1953 - New Store Design: Browsing. Encouraging new markets (Teenagers, Office Workers: FASTER).

1960s - Further diversification & expansion - acquired Saville Pianos and four other record stores to expand chain. EMI remove Pop music from HMV label (goes to Columbia), & label becomes exclusively Classical. By 1977, 39 stores country wide.

1980s - Thorn EMI. HMV Label abandoned and EMI Classics started (Worldwide usage, worldwide demand for CDs - brand issues). Stores shifted to Thorn EMI Retail.
1986 - HMV Group formed - strategies for UK and International Development. By 1990 - stores in UK, Ireland, Canada, USA, Australia and Japan.

Between 1970 and 2000 - serious growth. By 1996 - 300 Stores, worldwide.

(download)

Click here to download:

HMV_-_The_Beginnings_-_1898_-_.zip (2.03 MB)

http://www.hmvgroup.com/about-us/the-hmv-heritage.aspx

Will scour t'web and some books sitting on my shelves - there might be something useful there too...

M

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January 2011

- 60 stores set to close
- Christmas sales down 10%
- Shares dropped 20%
- 40 HMV and 20 Waterstones stores to close
- £10m savings to be found

Reasons:
1. core product of music and dvd falling faster than expected.
2. snow not the main issue
3. consumer market as a whole is weak

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Current business model

- music
- dvd
- games
- hmv lite
- digital download
- venue management
- festival promotion
- cinemas
- clothing
- book trade
- 3yr strategy expected to raise £15m profit through venues (Hammersmith Apollo and HMV Forum - was Kentish Town Forum)
- Expected 12% profit to come from technology and clothing 9%

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Main Problems

- competition online
- imports for Channel islands VAT free
- growth of supermarket power and margins cut
- too wide a range of merchandise

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- Pez

1. Historical Overview
2. Business Model (past and present)
3. Changes in Merchandise
4. Conglomeration (waterstones etc...)
5. Competition and Problems Faced
6. Current Financial Forecast
7. The Future

I can't remember who did what so just pick something and post what you want to do asap so we don't end up with 6 identical slides :P

I suggest we should try and post all the information on here, and then someone can make a powerpoint/keynote on monday (I don't mind collating everything)

Pez.

Hola.

A test. You guys should have received an email about this, along with the address to email stuff to. Just attach stuff to emails (Pics, PDFs, Web Addresses) and send it through :). I attach a random photo from last year as evidence. Don't have everyone else's email who're in the group, so if someone else could send me those, I'll add them to the project :D.

Mike