James Ashton: Truth is, HMV has done itself no favours
I can't summon up any sympathy for the fate of HMV, which this week finally admitted its chief executive, Simon Fox, is leaving.
The embattled music chain would probably have gone bust long before now if it wasn't for the munificence of music labels and movie studios desperate to keep the only high street alternative to the supermarkets alive.
It isn't the analogue strategy that HMV followed when everyone else was thinking digital that I have no time for. It is more the fact this retailer has been slow to acknowledge reality even when it was being engulfed by it.
My colleagues and I have endlessly been told we were just plain wrong. Closing shops? No need. Debt problems? You must have us mixed up with someone else. Selling Waterstones? Don't be ridiculous. Fox leaving? Nothing in it.
When will companies learn that masking the truth buys them time, but no credibility?
- 1 PlayStation and Xbox hacked by Lizard Squad
- 2 Katie Hopkins speaks out on childhood obesity: 'Parents of fat children should be prosecuted for child cruelty'
- 3 The Grace Dent Christmas Questionnaire
- 4 The 'Black Museum': After 150 years, public set to see exhibits from police’s grisly crime museum
- 5 Vagina canoe artist defends herself over ‘obscenity’ charges
British actor Idris Elba cannot star as James Bond because he is black, says shock jock Rush Limbaugh
Rozanne Duncan: Ukip expels councillor for 'jaw-dropping' comments made in BBC TV interview
Germany anti-Islam protests: 17,000 march on Dresden against 'Islamification of the West'
Ukip member gets into Christmas spirit with Union Flag plea to Santa 'for our country back'
BBC director Danny Cohen: Rising UK antisemitism makes me feel more uncomfortable than ever
Katie Hopkins speaks out on childhood obesity: 'Parents of fat children should be prosecuted for child cruelty'
iJobs Money & Business
Not specified: Selby Jennings: VP/SVP Credit Quant Top tier investment bank i...
Not specified: Selby Jennings: Quantitative Research | Global Equity | New Yor...
Not specified: Selby Jennings: SVP Model Validation This top tiered investment...
Highly Competitive: Selby Jennings: Our client, a leading European Oil trading...