This really makes me sad, where are all these people supposed to get jobs now?
To some degree this is their own fault, HMV charging £15 or £20 for Blu Rays that I can buy for £5 from Amazon, £45 for new games that I can buy from Tesco for £32-£38, they were setting themselves up for a fall. Blockbuster believed too much that people would still want to walk into a rental store to get something rather than just ordering it for the same price, or cheaper on a box office rental from their armchair, and they ignored the strides being made Lovefilm. Why rent 3 new movies across 1 week for £15 when you can pay the same amount to Lovefilm for a mix of games and films and have unlimited amounts in a month?
The High Street stores have been too slow to adapt and stuck to their poor business practices. It sucks for the staff though, all these people who now don't/won't have a job and have nowhere to go.
A share of blame must be given to the government though. Why is it, exactly that even though they have decried the state of High Street shopping, they still let so many companies go without paying taxes? Didn't I read once that Amazon didn't pay any significant tax in 2010 despite hundreds of millions of £'s in sales? If that's right, how the hell are our High Street stores meant to survive? Amazon can undercut the high street already because they don't have to pay rental on hundreds on units across the country, to then allow them to further undercut because they don't have to pay any tax? Congratulations UK government, you killed the high street by being cowardly, retarded arseholes (please disregard if I'm utterly utterly wrong)
One. Warrior. Nation.