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Chloe Lomas
ID: 4987340
• Threat of the booming digital downloading industry.
• Fierce competition in market.
• Strength of substantial variety of merchandise and wide range of services.
•Causing MAJOR growth in the music industry!
• Digital downloading is hurting the record business.
20062007
• Collapsed November 2007, owing $20 million.
• Blaming the weak retail market and digital downloads.
If nothing is done to respond to the threat of the booming digital downloading market..
• Huge buying and discounting power,
• Forcing smaller retailers out of the market.
• Extensive range of merchandise gives Real Groovy a competitive advantage and draws customers back.
Online Book StoreRun Paper Plus online businessTicket office Magazine publicationsCustomer loyalty programmeInsurance claims
1. Continue to offer a great range of merchandise.
• This is an important factor adding to the strength of Real Groovy.
2. Expand online store Offer digital music tracks.
That is what will keep Real Groovy in
business!!
• www.google.com• Shops change tune to battle downloads, New
Zealand Herald ,10th January 2008. • Business 191 report on Real Groovy.