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Demand and supply in a action - HMV suffers a freeze in profits

Jim Riley

9th December 2010

Here is the first report I’ve seen of a companies share price being affected by the big freeze. HMV have seen a huge reduction in sales as customers have stayed in to make their Christmas purchases.

Other businesses are thriving due to the weather with one of my Young Enterprise groups making a fortune from selling hats and ear muffs this week! Can your students think of any companies that would see a big increase in demand due to the cold?

Jim Riley

Jim co-founded tutor2u alongside his twin brother Geoff! Jim is a well-known Business writer and presenter as well as being one of the UK's leading educational technology entrepreneurs.

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