Sunrise Records Taking Over HMV Vacant Stores


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In a bold move, the president of Sunrise Records, Doug Putman, announced that the Ontario-based music chain would be taking over 70 vacant lots left empty by the soon-to-be liquidated Canadian music retailer giant, HMV.

Putman says that he plans to take ownership of the retail locations, which are based in malls and across the country, in the springtime after HMV has officially pulled out and pulled down their signs.

Putman told the Canadian Press in an interview that he sees this as “a good opportunity for us to get a lot more stores open.” Despite the fact that online streaming services has risen to 22 billion streams in the past year (up 203%), Putman says that consumers still have a soft spot for having a ‘physical’ piece of the music to hold onto.

“Vinyl will definitely be front-of-store,” he was quoted saying in an interview to CBC. The stores will also continue to sell CDs, apparel and other forms of music paraphernalia.

HMV officially closed down operations in January after trying to make a business work that was said in court filings to be losing $100,000 a day.

But these numbers haven’t stalled Sunrise Records president’s faultless optimism. In fact, the company has plans on reaching out to the thousands of HMV employees who have been left unemployed after the company decided to shut down operations of all 102 stores.


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