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

Man sentenced for smuggling drugs and shooting at border guards

Nathan Hall was arrested in Abbotsford in 2013 after day-long manhunt

UPDATED: Mission schools, UFV closing due to weather, road concerns

District announced that all public schools are closing early, parents should try to pick up kids

Measles case confirmed within Fraser Health region

One case within Fraser Health is related to the outbreak in three Vancouver schools.

Little interest shown regarding proposed 4.62 per cent tax hike for Mission

Only two people spoke at budget forum, more comments expected online

New public art piece for downtown Mission

The Tartan, a cubed art piece that will hang on First Avenue, will be created at a cost of $50,300

National Energy Board approves Trans Mountain pipeline again

Next step includes cabinet voting on the controversial expansion

VIDEO: Giants earn 40th victory in a 4-0 triumph over Victoria

G-Men move within a point of clinching the B.C. division banner at Friday’s at-home game in Langley

Girl heard saying ‘Help my Dad’ in suspicious radio message on Vancouver Island

Police asking for help following mysterious signals from somewhere between Comox and Sayward

Reports of rashes prompt closure of all Harrison Hot Springs pools

Public pool available after Fraser Health shut down all five mineral pools until further notice

No treatment for highly infectious measles, says doctor

10 cases of measles confirmed in Vancouver as of Friday

Two more measles cases confirmed in Vancouver

It brings the number of total cases within the city connected to the outbreak to ten

B.C. Special Olympics officially underway in Vernon

Athlete’s Oath: “Let me win. But if I cannot win, let me be brave in the attempt.”

Vancouver Aquarium wants your help to name a baby killer whale

The public helped name Springer’s first calf, Spirit, and is being asked to help with the second

Guards protest firing of fellow officers charged with assault at B.C. prison

Corrections officers demonstrated in Maple Ridge on Friday afternoon

Most Read