• Skip to primary navigation
  • Skip to main content

MoneySaver

helping you save money online

  • Household Bills
    • Gas
    • Electricity
    • Home Heating Oil
    • Broadband
    • Home Phone
    • Mobile Phone
    • TV
    • Property Tax
    • Insurance
    • Mortgages
  • Personal Finance
  • Travel
  • ‘Big’ Expenses
    • New Baby
    • Buying a Home
    • Wedding
    • New Car
    • Going to College
  • Deals & Shopping
As HMV Sales Slump Is It Time To Buy Online?

As HMV Sales Slump Is It Time To Buy Online?

by Mr. Moneysaver · Jan 11, 2015

It appears that more and more consumers are turning away from the high street for their music and DVD purchases – leaving HMV reeling as a consequence.

The retailer saw its sales slump sharply over the Christmas period – even though the decline of its music and film business was actually slower this year than previously. Its like-for-like sales fell by 8.1 per cent; while its total sales fell by 16.6 per cent. The news comes just a month after HMV announced it may be forced to sell its live music business – while its decision to refocus on technology products is slowly starting to reap rewards with like-for-like sales up 51 per cent despite strong competition. So are consumers right to turn away from the high street for their music and film purchases?        

A matter of comparison

For years there were suggestions that UK consumers were paying significantly over the odds for CD and DVD purchases. However, recently prices have started to slump due to the expansion of the internet with many online retailers able to cut prices thanks to reduced overheads; while there has been strong competition for ownership from direct downloads – with consumers able to get the movies and music they want within minutes.

If you still enjoy buying CDs and DVDs however, then the cheapest option is usually to carry out a price comparison before you buy. By searching for the CD or DVD of your choice, you can return prices in minutes from all of the leading online retailers so you know you’re getting the best deal available. This includes all of the top selling products, such as: The Inbetweeners Movie; the latest BBC series Sherlock; and music such as Adele’s 21 album; and the Military Wives’ Wherever You Are.

HMV deals

HMV is now vastly reliant on its technology sector – which represents 12 per cent of its sales. The company hopes to increase this to 30 per cent over the next three years; while also refocusing its business by offering additional products, including: headphones; MP3 players; and tablet computers. However, analysts have remained critical of the strategy pointing to strong competition among electronic retailers and questioning its ability to launch a long-term sales drive.

Of course you may still be able to pick up some appealing offers by approaching HMV directly – with many of its leading deals available online. In the HMV voucher code section at Moneysaver.ie you can currently get: technology from £5; blu-rays from £7.49; box-sets from £9.99; and DVDs from £2.99.

Filed Under: Deals and Shopping

More quick reads on Moneysaver.ie …..

Recent…

  • Don’t Pay The Penalty When You Cancel A Contract
  • How To Make Your Benefits Go Further
  • Cash or Card: You Decide

Related…

No related posts.

Copyright © 2023 · Moneysaver.ie · Terms & Conditions · Privacy Policy · About · Contact Us · Log in

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Cookie settingsACCEPT
Cookies Policy

Privacy Overview

This website uses cookies to improve your experience while you navigate through the website. Out of these cookies, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may have an effect on your browsing experience.
Necessary
Always Enabled
Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies do not store any personal information.
Non-necessary
Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. It is mandatory to procure user consent prior to running these cookies on your website.
SAVE & ACCEPT