In the recent weeks, the HMV story has been a hot topic in our news. If you are not aware of the story, in the past years, HMV’s sales have been steadily decreasing, and earlier this month, led to their temporary shutdown whilst they attempted to find money to continue to fund the stores. The stores are now back open and in action, but it begs the question – what has led to such a dramatic downfall for HMV?
Around ten to twenty years ago CDs and DVDs were the latest technology, with the new albums flying off the shelves into the hands of eager children, teens and adults who had been waiting in line for around four-ish hours to get hold of Britney Spears’ new track (or whatever you were into at that time). Now as the new CDs come out, these people saunter into the half-empty store, grab the CD and go, taking at most twenty minutes. It is sad but true that in this generation, the majority of CDs are bought online, off places such as iTunes, Amazon and Spotify. It’s quick and easy, and I am one to say that almost all of my purchased music comes from online sellers. In addition, this generation, as one of the most technologically learned, have used technology to their advantage, illegally downloading much of their music to avoid paying any cost at all. It’s no wonder then that stores like HMV are on a downwards, slippery slope.
Although I would agree with buying online, I do find it depressing to watch shops like these close. Having spent most of my life putting on a CD in the car, or eagerly waiting for my favourite band’s new album to grace the shop floor, it somewhat disappoints me to realise that the next generation, or the one after that will not get this thrill.
And yet CDs, I fear, are on their way out. DVDs, I believe are the same. Although their sales are still fairly high, it can’t be long until programs like Netflix and LoveFilm take over our televisions and we avoid moving out of our seats to put on a film. Long gone will be the years when we have to walk to the store to buy our technology, and though some may say all the better for it, it will be a sad day for me.