An HMV store is seen Friday, February 24, 2017 in Montreal. (THE CANADIAN PRESS/Paul Chiasson)

HMV return to Canada ‘unlikely, but possible,’ new owner says

Ontario-based Sunrise Records bought 100 HMV stores across the UK

Ontario-based Sunrise Records and Entertainment Limited might have just purchased 100 HMV stores across the UK, but don’t expect the brand to pop up in Canada again.

Sunrise owner Doug Putman told The Canadian Press on Wednesday that it is ”unlikely, but definitely possible” that he would resurrect the brand in Canada, where 102 HMV stores were shuttered in 2017.

Instead Putman, who also runs toy and game distribution brand Everest Toys, revealed his focus will be on broadening HMV’s offerings to combat the rise of streaming giants and the decline of CDs and DVDs.

He said shoppers can expect to see fan-based merchandise, including board games, toys and licensed T-shirts, and mused that he’d be open to partnering with artists to do “creative, different things.”

“We have to get a handle on the market and what is happening here, but we know we want to add a lot of vinyl to the mix,” he said in a call from the UK. “Vinyl has been doing great.”

His confidence in vinyl comes amid a resurgence in the medium. Vinyl sales rose more than 21 per cent last year to hit 975,000 units, according to Nielsen Music Canada.

However, there have been some setbacks.

Calgary-based business Canada Boy Vinyl, one of the country’s only pressing plants, closed about two years ago, not long after it opened.

More recently, Concord, Ont.-based RPM Distribution, Canada’s largest distributors of vinyl records, shut down, leaving some retailers scrambling to find alternate suppliers and raising concerns about potential rises in prices.

However, Putman is undeterred and noted that vinyl has played a role in his rebuild of Sunrise, a business he bought from Malcolm Perlman in 2014, when Sunrise was down to five stores.

Putman said the business has spread to 85 locations — mostly in suburban malls, in former HMV spots — and he anticipates it will keep growing, “if we find the right locations for the right rent.”

Despite stories of an increasingly difficult music retail environment, Putman is convinced he can buck the trend with both Sunrise and HMV, which was said to be losing $100,000 a day when it was in operation in Canada.

Putman moved Sunrise into 70 of the locations HMV was vacating and managed to make Sunrise profitable in the first year he owned it. It has remained profitable, he said.

“Who doesn’t like to prove people wrong?,” he said. ”We know there is an ability to make money at this. When you can do something you love and it makes money, those are great things.”

Tara Deschamps, The Canadian Press

Like us on Facebook and follow us on Twitter

Just Posted

Victoria teen killed by falling tree, remembered as hero

Tai Caverhill was the first to spot the tree falling towards him and his friends

Victoria woman in L.A. hospital after she was run over twice

Lynn Phillips has suffered from multiple broken bones and internal bleeding

Researchers say ‘text neck’ causing bone spurs to grow from millenials’ skulls

Technology use from early childhood causing abnormal bone growths in 41 per cent of young adults

Driver trapped as fire crews deal with downed lines in Saanich

The wires are impacting traffic at Regina Avenue and Seaton Street

Tiny Yorkshire terrier Poppie survives days on remote island

ROAM rescue crews, family searched for dog, missing in Saanich for days

Air Canada reviewing how crew left sleeping passenger on parked plane

In a Facebook post, the woman said she woke up ‘all alone’ on a ‘cold dark’ aircraft

Thieves steal tents from B.C. school, Grade 7 camping trip happens anyway

Nanaimo businesses, school staff and parents ensure trip goes on

Only legal pot shop between Vancouver and Kamloops now open

Private cannabis store on Skwah land in Chilliwack is first B.C. licensee to be Indigenous owned

Canadian communities responding to climate change

New research highlights state of local adaptation planning in Canada

B.C. judge defies lawyers and adds six months to man’s sex assault sentence

‘I find the joint submission is contrary to the public interest and I’m rejecting it’

Man presumed dead after boat capsizes in Columbia River

Search and rescue efforts recovered a life jacket

Crews fight wildfire along Sea-to-Sky Highway

A cause has not been determined, although a downed power line is suspected

PHOTOS: Event marks one year since soccer team rescued from Thai cave

Nine players and coach took part in marathon and bike event to help improve conditions at cave

Most Read