Golden Discs
Encyclopedia
Golden Discs is a media retailer based, and trading in, Ireland
. Its main competitors are HMV
and previously Zavvi
, however, Zavvi is no longer trading. Its outlets, however, are significantly smaller than those of HMV
. It would also be reasonable to count Tesco
as a competitor due to their value for items in the chart, however Tesco does not specialize in the same items as Golden Discs/HMV and does not have sales or other similar promotions on these items. It currently sells CDs, DVD
s and PS2
, PS3
, PSP
, Nintendo DS
, Wii
and Xbox 360
games. It also stocks some gaming consoles and digital music players & accessories. The company formerly stocked VHS but this was phased out. Music can also be purchased through the Golden Discs Digital website.
in February 2009 following a High Court order sought by Sony, a major creditor. http://www.irishtimes.com/newspaper/breaking/2009/0213/breaking77.html A loss of 1.6m Euros was reported by the directors in April 2010, together with concerns about trading conditions.
Ireland
Ireland is an island to the northwest of continental Europe. It is the third-largest island in Europe and the twentieth-largest island on Earth...
. Its main competitors are HMV
HMV
His Master's Voice is a trademark in the music business, and for many years was the name of a large record label. The name was coined in 1899 as the title of a painting of the dog Nipper listening to a wind-up gramophone...
and previously Zavvi
Zavvi
Zavvi was an entertainment retail chain in the United Kingdom and Republic of Ireland, originally Virgin Megastores. Zavvi was formed in September 2007 when a management buy-out team purchased the company from Sir Richard Branson's Virgin Group....
, however, Zavvi is no longer trading. Its outlets, however, are significantly smaller than those of HMV
HMV
His Master's Voice is a trademark in the music business, and for many years was the name of a large record label. The name was coined in 1899 as the title of a painting of the dog Nipper listening to a wind-up gramophone...
. It would also be reasonable to count Tesco
Tesco
Tesco plc is a global grocery and general merchandise retailer headquartered in Cheshunt, United Kingdom. It is the third-largest retailer in the world measured by revenues and the second-largest measured by profits...
as a competitor due to their value for items in the chart, however Tesco does not specialize in the same items as Golden Discs/HMV and does not have sales or other similar promotions on these items. It currently sells CDs, DVD
DVD
A DVD is an optical disc storage media format, invented and developed by Philips, Sony, Toshiba, and Panasonic in 1995. DVDs offer higher storage capacity than Compact Discs while having the same dimensions....
s and PS2
PlayStation 2
The PlayStation 2 is a sixth-generation video game console manufactured by Sony as part of the PlayStation series. Its development was announced in March 1999 and it was first released on March 4, 2000, in Japan...
, PS3
PlayStation 3
The is the third home video game console produced by Sony Computer Entertainment and the successor to the PlayStation 2 as part of the PlayStation series. The PlayStation 3 competes with Microsoft's Xbox 360 and Nintendo's Wii as part of the seventh generation of video game consoles...
, PSP
PlayStation Portable
The is a handheld game console manufactured and marketed by Sony Corporation Development of the console was announced during E3 2003, and it was unveiled on , 2004, at a Sony press conference before E3 2004...
, Nintendo DS
Nintendo DS
The is a portable game console produced by Nintendo, first released on November 21, 2004. A distinctive feature of the system is the presence of two separate LCD screens, the lower of which is a touchscreen, encompassed within a clamshell design, similar to the Game Boy Advance SP...
, Wii
Wii
The Wii is a home video game console released by Nintendo on November 19, 2006. As a seventh-generation console, the Wii primarily competes with Microsoft's Xbox 360 and Sony's PlayStation 3. Nintendo states that its console targets a broader demographic than that of the two others...
and Xbox 360
Xbox 360
The Xbox 360 is the second video game console produced by Microsoft and the successor to the Xbox. The Xbox 360 competes with Sony's PlayStation 3 and Nintendo's Wii as part of the seventh generation of video game consoles...
games. It also stocks some gaming consoles and digital music players & accessories. The company formerly stocked VHS but this was phased out. Music can also be purchased through the Golden Discs Digital website.
Economic Downturn
Golden Discs entered examinershipExaminership
Examinership is a process in Irish law whereby the protection of the Court is obtained to assist the survival of a company. It allows a company to restructure with the approval of the High Court....
in February 2009 following a High Court order sought by Sony, a major creditor. http://www.irishtimes.com/newspaper/breaking/2009/0213/breaking77.html A loss of 1.6m Euros was reported by the directors in April 2010, together with concerns about trading conditions.