Farewell HMV
Nov 17th, 2011 by Sarah Zhou
After reading a blog post from the Vancity Buzz on the the closure of HMV Robson& Burrard, it has made me connect the topic back to the Blockbuster’s bankruptcy. Just like Netflix taking over Blockbuster, online sources such as iTunes and Youtube are driving HMV out of business.( at least out of the heart of Downtown Vancouver). Just as the post mentioned, very few people now days pay visits to an actual music store. Much transactions are done online. With HMV unable to adapt to changes nor innovate their services, it isn’t surprising to see the company going downhill. This stresses the importance of innovation. When we look at Apple and Google, we see the trend of constant fresh products and services. It is this innovative characteristic of the company that allows it to rise and shine above the crowd.
This is really interesting! I blogged about HMV based on your post:
https://blogs.ubc.ca/priscillaw/2011/11/24/218/