There is growing concern that, after a brutal 2012 for the high street that has claimed Comet, Clinton Cards and Peacocks, HMV could be next.
Once this was a great British company at the forefront of new technology. Now it
is on the back foot. The rise of the internet and digital music services, such
as iTunes, has rapidly eroded sales on the high street for HMV. The retailer has
been slow to react to the digital revolution and the decline in sales shows no
sign of slowing. HMV’s story is one that is depressingly familiar on the high
street.
