Canadian music retail chain Sunrise Records said it plans to take over 70 retail spaces in Canada being vacated by HMV Canada, the industry’s largest retailer. The new brick and mortar locations are in malls across Canada.
The expansion takes Ontario-based Sunrise into all major markets coast-to-coast from British Columbia to Quebec, and the Atlantic provinces. The company has negotiated new leases with mall landlords across the country.
However, Sunrise’s expansion comes as people are increasingly shifting to streaming options for music and videos rather than buying tangible, touchable albums.
The new stores will start opening in early April 2017. HMV Canada has been put into receivership after recently announcing the closure of all nationwide stores. According to court filings, the company was losing $100,000 a day.
Sunrise’s expansion announcement includes a commitment from the company to hire HMV employees who want to continue their career in the Canadian music industry. The…