Debenhams also announced that its chief executive, Rob Templeman, would retire in September. He will be replaced by the firm's current deputy chief executive, Michael Sharp.
However, Mr Templeman said there were "encouraging signs that commodity prices such as cotton may fall, which could be positive for both consumers and retailers in terms of pricing". Analysts said the company was benefiting from having paid down previously high levels of debt. Keith Bowman, equity analyst at Hargreaves Lansdown, said: "The group's debt-laden private equity past continues to be consigned to the history books, with the resumption of the dividend payment potentially marking a new chapter.
JD cautious despite profits rise. What are the advantages of holding shares in Depository System? Depository System offers following advantages: No chance of loss, theft or fraud of shares Platform for Internet based trading One demat account can hold shares of more than one company Presently, no stamp duty payable by transferee on purchase of shares 4. What is Dematerialization and what are its benefits? What is re-materialization of shares? Who are the intermediaries of Depository System?
Members are requested, in their own interest, to avail ECS facility in view of the following benefits: No postal delays No loss of dividend warrant No chances of fraudulent encashment of dividend warrant 9. How to avail ECS facility? Shareholders holding shares in demat form to send request to their DP giving details of bank account.
How to get change in name recorded with the Company? For shares held in demat form Please follow the procedure advised by your DP. How to get change in address recorded with the Company?
So I do wonder if shares were dumped over a 13 month period without proper disclosure in terms of the FSA's Disclosure and Transparency Regulations. The UK Listing Authority don't seem to encourage complaints about potential breaches of regulations. In many cases, complainants are not even notifed of the outcome of their investigations and I cannot understand the logic in that though I do appreciate that the process involved in carrying out the investigations may require to be kept confidential.
In any case, I think we need to see more action and a small fine imposed on a former Chairman of Morrisons in recent years is not enough to set my mind at rest but I wonder what the politicians think. Feel sorry for hmv's passionate staff but a lot of them weren't half as passionate as some of hmv's ordinary share holders or they would have done what Game's staff did and joined these anonymous discussion bbs in spite of any orders they had received from Fox and the now redundant Mr.
A 90 odd year heritage down the drain and a massive blow for the creative industries in this country and who's going to shop in hmv now whether or not Elton does a few free gigs? They might have honoured Christmas gift cards after a stushie but the loyalty points scheme and redemption has been suspended and on line is off line so who would return to that. For me it's like thorntons - my nearest extant branch moves further and further away.
Mind you who's to say some stores will not reopen. Noticed on this bb that a poster, jim clark, was saying that hmv Ocean Terminal looked busy before Christmas and I said that might have been because the Game shop there had closed last year when Game went into admin. Paid a visit to Ocean Terminal last week and spotted that Game had reopened there though not sure when exactly and hmv a few doors away had closing down signs up.
No closing down signs at Waterstones a few doors along but then Mr. Mamut did pay a lot less for Waterstones than hmv paid for it. Anybody know if Mr. Mamut sold his hmv shares? Lloyds main lender to hmv pre- admin subsidiary got many of the Live venues for not much more than hmv paid to refurbish one viz.
I suppose we can add these to the list of reasons including Corporation Tax and LVCR and Amazon , supermarkets and legal and illegal downloads why hmv stopped becoming a profitable company which was paying a healthy dividend only two years ago. And we'll never really know whether techy sales would have gone from strength to strength, Amazon would have come under the cosh from the abolition of LVCR and the Public Accounts Committee's scrutiny of their Corp Tax evasion and the demise of Blockbuster and Comet and partial demise of Game and play.
Think they were selling what looked like second hand clothes. LOL Noticed TB is being accused of being an employee at his new share chat bb home but I reckon he's a freelance pr person not tied to any one company. Talks are underway to discuss the possibility of opening Jessops-branded outlets in HMV music stores.
Hilco is now the most likely of all the prospective buyers to take over the Jessops brand. Moore left the camera chain last year. Hilco is only expected to want about half of HMV's stores and so the property consultants CBRE and Savills have been brought in to help offload potentially unwanted sites. They are expected to examine offers for the stores in 10 days' time.
Supermarkets are looking at snapping up HMV outlets to boost their convenience store chains. Morrisons is thought to be interested in up to 20 sites to boost its M Local chain. Morrisons has 12 convenience stores at the moment and wants to open at least 50 more this year as it races to catch up with rivals. It is also rumoured to be looking at Blockbuster stores after the retailer went into administration last week. Morrisons admitted that a lack of smaller stores contributed to its poor Christmas performance compared with rivals.
Tesco and Sainsbury's, which already have significant convenience-store chains, are also thought to be looking at HMV sites. Game Retail, which was bought out of administration last year by Comet's former owners, OpCapita, is interested in buying 45 stores. The news on Sunday that a group of music and film companies were looking to come together to save HMV by discounting products to sell in store is a cause for concern.
The music and the film industries are even more broken than retail. Don't forget that music and film are exactly the same industries that didn't come up with disruptive innovations like Amazon and Spotify. This move has the potential to perpetuate a broken business model for HMV. But now that Hilco has acquired HMV's debt, which effectively gives Hilco control of the retailer, what can it do to begin to change the game.
There's a parallel in the world of fast food or fast fashion: the Byron hamburger chain sell patties all over London but no two restaurants are the same because no two sites are the same, Topshop has different stock in every store.
HMV has some iconic retail locations, but there is no reason to meet your mate in the once brilliant Oxford Street store. Taking its cue from unique cinema chains like Ritzy, HMV could stop acting like a supermarket and became a destination again. A place you want to hang out in and experience the passionate, exciting and escapist world of music that shaped young identities and returns spirit to old ones.
In-store gigs, record label take-overs, second-hand sellers, boutique concessions. Give His Masters Voice some personality again. Starbucks match its stores to its locations.
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