Cheeky Monkey
Well-known member
- Jul 17, 2003
- 23,879
What's going on with Brighton's most reasonably priced record shop(technically a CD shop I know)? Ever since they put the 'Sale' signs up in the window a week or so back it's been closed!
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o/t - Fopp on North Street
- Thread starter Cheeky Monkey
- Start date
Bluejuice
Lazy as a rug on Valium
Not enough people buy CD's anymore.
Same reason MVC vanished, along with most of the city's independent record shops
Same reason MVC vanished, along with most of the city's independent record shops
Silent Bob
( ͡° ͜ʖ ͡°)
- Dec 6, 2004
- 22,172
Fopp has gone bust due to poor management, not poor sales.
Bluejuice
Lazy as a rug on Valium
All record shops are suffering poor sales compared to ten or twenty years ago.
It was inevitable
Cheeky Monkey
Well-known member
- Jul 17, 2003
- 23,879
- Thread starter
- #6
Shoot that is terrible! According to their website it was lack of financial backing. Regardless of downloads/burning cds you'd think a shop that knocked out some pretty decent and recent albums for a fiver would have been a licence to print money. I know you can get CDs as cheap on Amazon etc. but it did offer high street convenience.
Bluejuice
Lazy as a rug on Valium
I don't see how you can keep a high street presence with prices like that. Their margins must have been so tight you could see them bleeding.
Monkster
Ragamuffin
Expect an announcement for a stock clearence, cash only, as they have done in other towns :athumb:
Cheeky Monkey
Well-known member
- Jul 17, 2003
- 23,879
- Thread starter
- #9
What amazes me is that people still go into Virgin/HMV and pay £13 and up for a CD. Why would you do that? Virgin were knocking out the 'From Dust Til Dawn' DVD for the bargain price of £19.99 when I was last in there!!
REDLAND
Active member
theres still loads of indie and 2nd hand record shops in town !!
Bluejuice
Lazy as a rug on Valium
Not as many as there used to be.
We are still very lucky compared to a lot of places, but we used to be luckier
We are still very lucky compared to a lot of places, but we used to be luckier
Rubbish. Physical album sales now are on a par with what they were fifteen years ago. What's changed is where people buy them.
Cian
Well-known member
The "I want it NOW" factor. I do 95%+ of my music shopping in real shops, and 4% on DRM-free download services (eMusic, Vonyc, DJDownload). And about 1% on Amazon/Capital/Juno.
Again, Fopp's sales were very healthy. Turnover was very good (alebit showing a very small profit).
They over-stretched in the last couple of years, and expanded too quickly.
And managment f***ed up the acquisition of MusicZone (Fopp though they'd bought the stock, but distributors claimed overwise).
There are many articles on the situation out there...
The Mole
Well-known member
music zone bought mvc which over stretched them and was the main reason they folded. also they weren't looking at the downloads market. they went unnder at the start of the year when fopp bought them. I don't nave as much inside knowledge about their management, but they didn't integrate the mz stores (in fact the most profitable store in the traffod centre remained shut).
fopp stopped paying their suppliers who prevented them from selling any new releases - pretty disasterous for a music business. they went into receivership on the last day of june to avoid having to pay any wages for that month (nice!)
so I don't think there's any chance for another buyer
clippedgull
Hotdogs, extra onions
Too many kids/adults download free music, years of being fleeced by the record companies and consumers have turned round and bitten back.
Prince is even giving his album away in The Mail on Sunday this week!
The Mail is paying him a cool half a million quid up front for exclusive rights to UK distribution. HMV are stocking the Mail on Sunday to sell to customers.
Prince is even giving his album away in The Mail on Sunday this week!
The Mail is paying him a cool half a million quid up front for exclusive rights to UK distribution. HMV are stocking the Mail on Sunday to sell to customers.
Cheeky Monkey
Well-known member
- Jul 17, 2003
- 23,879
- Thread starter
- #18
Yeah just seen the tv ad for that - how weird is that!?!?! Shame he hasn't been told what a ****ish paper he's sold his soul to.
Cian
Well-known member
Sales have not gone down!!!! Did you read the rest of the thread? Record labels lie, sales figures do not.
thedonkeycentrehalf
Moved back to wear the gloves (again)
- Jul 7, 2003
- 9,353
Fopp's pricing was good but their stores were designed for people who were browsing. It was a nightmare if you were looking for anything in particular - I know it's an old fashioned idea but being able to quickly find something by genre and in alphabetical order is much easier than trying to find out if it is on sale for £7, £9, etc.