Opinion on Music and Video

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Type Product title / description Pub Price
CommentWire
CommentWire

Zavvi: turning down the music

Entertainment retailer Zavvi has given an update on its first year of trading following the management buy-out and re-branding in September 2007. The results represent a strong comeback in tough conditions, with like-for-like sales up 10% and annual losses cut by more than GBP10 million, despite an 18% slump in music sales.

Published By Datamonitor
17 Sep 2008
CommentWire
CommentWire

Woolworths: online is the future

Following Tesco and Asda's recent announcements that they are to stop stocking CD singles, Woolworths has revealed that it will also stop selling CD singles in its remaining 400 stores that stock them. The retailer's announcement not only signifies another nail in the coffin of the physical single, but also another escalation in an increasingly fierce digital-download market.

Published By Datamonitor
27 May 2008
CommentWire
CommentWire

WHSmith: travel to the rescue once more

In the year to August 31, WHSmith grew travel sales by 22% to GBP413m, while high street sales fell by 2% to GBP939m, revealing that, although travel is performing well, the high street business is struggling. While WHSmith is not as exposed to the consumer downturn as some retailers, the intense level of competition in its core market will impact its performance going forward.

Published By Datamonitor
10 Oct 2008
CommentWire
CommentWire

WH Smith: sales down, profits up

For the year to August 31, 2009, pre-tax profits for WH Smith increased to GBP82m. Like-for-likes are down 5.0%, with total group sales down 1.0%. Efficient cost control and proposition enhancements will help the company survive challenging times, while focusing on core markets and exceptional growth opportunities will provide fillip to future growth.

Published By Datamonitor
15 Oct 2009
CommentWire
CommentWire

WH Smith: making savings but not sales

UK high-street retailer WH Smith reported a 6% fall in underlying sales for the seven weeks to January 21 but improved its margins by 250 basis points. The mixed results are a testament to the company's recovery plan, which has focused on achieving a more profitable product mix. Despite this progress, sales growth remains a challenge.

Published By Datamonitor
25 Jan 2006
Expert View
Expert View

Video games: more lucrative than music and video?

Over the 12 months to the end of 2008, Verdict predicts that the buoyant video games market will have grown by GBP1.37 billion. This is especially significant when compared to the stagnation in the music and video sectors, which have recorded a combined growth of just GBP0.03 billion. It is likely, then, that the video game retail market will soon become the largest entertainment sector in the UK.

Published By Datamonitor
05 Nov 2008
Expert View
Expert View

UK retail: cold snap brings hopes of Christmas cheer

John Lewis indicated that sales had surged in the past five weeks, providing hope that Christmas trading may be better than last year. The company's sales last week rose by 5.8 % to GBP62 million against a year ago. While the performance must be encouraging for John Lewis, its rivals must still be hopeful that the Christmas spirit cold weather engenders will drive consumers into the shops.

Published By Datamonitor
22 Nov 2005
Expert View
Expert View

UK Customer Satisfaction Awards 2013: why the sector winners stand out

John Lewis may have been the leading name in the roll call of winners at last week's Verdict Customer Satisfaction Awards, but the Verdict poll of 5,900 consumers also revealed the winning retailers within individual sectors. Verdict's analysts give their insight into why these retailers stood out to their customers.

Published By Datamonitor
01 May 2013
CommentWire
CommentWire

Tower Records: crumbling under the competition

US music & video retailer Tower Records has filed for Chapter 11 bankruptcy protection for the second time in two years. MTS, the owner of Tower Records, has estimated debts of $89 million and continued competition from grocers and the internet makes the chain's future look bleak.

Published By Datamonitor
22 Aug 2006
CommentWire
CommentWire

Silverscreen: final scene

Silverscreen has appointed Kroll as administrators. Silverscreen, backed by Apax, owns a chain of 65 stores and employs 550 workers. However, the company has suffered from increased competition from internet sales. Silverscreen is the first Apax-backed company to go into administration for at least five years.

Published By Datamonitor
31 Mar 2006

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