Opinion on Music and Video

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Type Product title / description Pub Price
CommentWire
CommentWire

ChoicesUK: another victim of market woes

ChoicesUK has fallen into administration after it struggled to cope with a rapidly declining music and video market. The retailer is likely to be broken up as the sector as a whole is reshaped following changing customer trends in regard to the consumption of entertainment products.

Published By Datamonitor
21 Aug 2007
CommentWire
CommentWire

HMV Group: performing well, but trading may get tougher

The retailer's latest quarterly figures represent a strong period of trading, with total group sales up 12.2% and 5.8% on a like-for-like basis. HMV Group now has a solid base from which to move forward. However, things are likely to get tougher for the retailer, given the ongoing decline of the music and video market, and the increasingly competitive nature of the book retailing sector.

Published By Datamonitor
06 Sep 2007
Expert View
Expert View

Beleaguered music & video retailers look to HD DVD and downloads to revive depressed market

UK music & video retailing is poised for a revival as consumers adopt HD DVD technology and retailers strengthen their downloading services. Although the market is set to shrink for the third year running in 2007 - by 2.9% to GBP4 billion - the prospects for remaining specialists are brighter now that many weaker players have exited the market.

Published By Datamonitor
12 Oct 2007
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

Best Buy: Napster is its best buy

US electricals retailer Best Buy has purchased Napster for GBP67.5 million as part of a strategy to expand its online presence and reach new customers. By enhancing its digital music offer, Best Buy can exploit the synergies with partner Carphone Warehouse to take advantage of the growth potential of the mobile music download market, while mounting a serious challenge to the supremacy of iTunes.

Published By Datamonitor
16 Sep 2008
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

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
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
CommentWire
CommentWire

HMV: the going's getting tougher

The HMV Group has posted a mildly disappointing set of results for the 26 weeks ended October 25, 2008, largely as a result of the deteriorating entertainment market. HMV sales were up 1.6% on a like-for-like basis, but Waterstone's saw a dip of 3.1%, giving a flat performance across the group. The retailer will need to raise its game considerably as the UK slips into a recession.

Published By Datamonitor
15 Dec 2008
CommentWire
CommentWire

HMV: green shoots of hope

The HMV Group has defied a slowing music and video market and tough Christmas trading to post a positive set of results, with total sales up 2.9% in the five weeks to January 3, 2009. The recent spate of competitor collapses has left HMV as the dominant high street entertainment retailer, and as it continues to diversify its interests, the group's future is looking increasingly positive.

Published By Datamonitor
15 Jan 2009

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