Quote:
Originally Posted by Street Pharmacist
This was 2010. It's not that easy to suddenly become something you have no knowledge about. It's virtually impossible to compete suddenly as a software company when you've been a brick and mortar retailer for decades. The two businesses are nothing alike
http://business.financialpost.com/fp..._lsa=54d7-0203 |
Not sure if you've looked at the calendar, but it's 2017. Seven years isn't exactly 'sudden'. And with revenues in the hundreds of millions, I'm sure they could have hired a couple of people with a bit of knowledge in the online and digital music area, if they didn't have any knowledge of their own. Do any of them listen to music at home on youtube? Do any of them have teenage kids or young adult kids? Technology didn't exactly sneak up on them. It's entirely their fault for not staying relevant. They obviously went through the progression from vinyl to 8 track to cassette to CD... So why did they suddenly stop keeping up with technology? Because the competition passed them way too quickly? Well, that's a fail in my books.