an annual loss rather than going into administration, but it is only a timing thing. the chances of HMV being around this time 2012 are somewhat remote.
Yet, still there are plenty of listed businesses that fund managers and investors are prepared to back, whilst their business models are ruined. This is unforgivable.
Yell is another good example of this as well. Yes it can move online, but that is not the same scale of business that it currently keeps trying to keep going offline.
Lots of things people in the UK buy they are happy not to see anymore. We are the most advanced Country in the world for this so our high streets are going to change the most first.
Having said this, I think this is a hugely positive thing, as there will be businesses that grow in the UK and are then able to dominate in other countries where adoption rates are less - for example Playtech (although this is a pure VAT avoidance ruse) ASOS (a super online clothes retailer). Of course, the exception to prove the rule is Ocado - a stockmarket dog mainly due to the huge over-hype given to its listing.
Long-term, I ask what is next - one is estate agents and another is car dealers - any other ideas?