VOICED : HMV entertainment retailer faces

VOICED : HMV entertainment retailer faces

Assessment

Interactive Video

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10th Grade - University

Hard

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HMV, a major British entertainment retail chain, has entered administration due to financial difficulties exacerbated by the rise of digital downloads and online sales. Deloitte is assessing the company's prospects and seeking a buyer for its 239 stores. Despite efforts to adapt, such as opening pop-up shops and diversifying products, HMV's sales have declined significantly. Customers express disappointment at the potential loss of a beloved retail experience. The company's future remains uncertain as it suspends share trading and faces possible closure.

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5 questions

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1.

OPEN ENDED QUESTION

3 mins • 1 pt

What factors contributed to HMV entering administration?

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2.

OPEN ENDED QUESTION

3 mins • 1 pt

How many stores does HMV have and how many people does it employ?

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3.

OPEN ENDED QUESTION

3 mins • 1 pt

What was the valuation of HMV in 2006 compared to its current valuation?

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4.

OPEN ENDED QUESTION

3 mins • 1 pt

What strategies did HMV implement in an attempt to adapt to market changes?

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5.

OPEN ENDED QUESTION

3 mins • 1 pt

What are the sentiments expressed by customers regarding the potential disappearance of HMV?

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