I find Nicole’s November 6th post on HMV’s announcement of closing of its Robson store very interesting. Being a resident near Vancouver, personally, one of the main features that the Robson HMV has that stands out for me is its size. With a store so large in size, it makes me wonder to how many products have to be sold in order to pay off its expenses? In her blog post, Nicole has addressed the issue of a shifting trend, where consumers are relying more on online music and video streaming. Advancements in technology have threatened DVD and CD retail companies, such as HMV. The blog post has provided me with the insight to really how fast technology and trends are changing in society.
With similar companies, such as Rogers Video which has closed down stores (Richmond News) and Blockbuster which has already gone bankrupt, I believe it’s time for HMV to start initiating new services to keep up with social trends.