HMV redundancies. Further household names on the high street are regrettably due to disappear. HMV, once a market leader in music and videos is due to go into administration. 238 stores face potential closure together 4,350.00 redundancies.
The demise of HMV illustrates the need for businesses to review their modes of operation and move with the times. With the coming of iTunes and Amazon, HMV has seemed somewhat outdated and found itself left behind by others. Re-invention and re-organization are key to every business. Surely a salutory lesson?