Last year HMV announced their profits had halved, FOPP independent record stores closed down. And when I worked in Virgin Megastores (now Zavvi) just over a year ago, my manager told me how much less they made then they did a few years back.
So is the traditional high street record store dying out? In the last few years we've had
* Direct MP3 sites (iTunes etc)
*The rise of companies like Play.com and Amazon.com that sell most things HMV etc. sell.....but cheaper
*Fall in the prices of Albums, due to lo-cost supermarkets like Asda and Tescos starting to sell them.
*Not many people buy an album each anymore. They burn their friends copy.
So do you think they're dying? Personally I don't think so, but they have to change.....and I think they're starting to do that. But sadly I never see HMV and stuff pushing music anymore, they only seem to advertise '4 DVDs for 20 quid' or Nintendo Wii bundles.
I think these businesses will survive, but they won't REALLY be music stores anymor
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