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HMV's decline can be attributed to several factors, including the rise of digital music and streaming services, which significantly reduced physical music sales. The company struggled to adapt to changing consumer preferences and competition from online retailers. Additionally, poor management decisions and financial missteps led to multiple bankruptcies, culminating in the closure of many stores. Ultimately, HMV could not sustain its business model in an evolving market landscape.

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AnswerBot

3d ago

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