juicyjuicy 2,005 Posted January 28, 2017 Share Posted January 28, 2017 http://exclaim.ca/music/article/hmv_canada_facing_canadawide_closure HMV is the largest music retailer in Canada. There is also HMV around the world, largest markets being in the U.K. and Hong Kong. Amongst sliding physical sales and the rise of digital music streaming, HMV Canada has been faced with some hard times in recent years, and they may soon be getting much worse. The continuous shift away from purchasing compact discs in favour of streaming has hurt HMV Canada, with the court filings also revealing that the chain has been losing money since 2013. At the end of 2016, its annual sales dropped from $266 million to $193 million. According to legal documents obtained by the CBC, all remaining stores in Canada must cease operations by April 30. The majority of HMV Canada's head office staff has been laid off, and the company owes its major suppliers, which include music labels and media studios, a reported $56 million as of December 31. Not sure if "Economy" is the best tag - this is more of a trends/lifestyle topic of discussion but can easily be a topic on the business of music and where it's headed. Physical album sales will definitely drop in Canada as a result of this. What do you think about this trend? What other digital trends are gaining traction which will cause other "traditional" stores to soon cease to exist? Link to post Share on other sites More sharing options...
Starbucks 4,204 Posted January 28, 2017 Share Posted January 28, 2017 In Indonesia, there was a large music retailer named Disc Tarra. On it's era, it has sooooo much stores. But now, there's only 8 stores in Jakarta (only), and one in my hometown. Poor physical release Your everyday cups of kindness Link to post Share on other sites More sharing options...
BurqaSwg 4,681 Posted January 28, 2017 Share Posted January 28, 2017 I love going to HMV, well rip to that ;/ Link to post Share on other sites More sharing options...
Alexandre 88 Posted January 28, 2017 Share Posted January 28, 2017 OMG NO. My favorite place to buy music ... #RIP Rideau HMV Link to post Share on other sites More sharing options...
DeanWinchester 41,390 Posted January 28, 2017 Share Posted January 28, 2017 time to buy those Supernatural DVDs and maybe a turn table if they still have it Flyin' like a 1000 Doves Link to post Share on other sites More sharing options...
Ricardo 8,133 Posted January 28, 2017 Share Posted January 28, 2017 Poor physical sales, also here in Mexico the major music retailer is facing troubles and closing stores all over the country Link to post Share on other sites More sharing options...
Fatigay 21,211 Posted January 28, 2017 Share Posted January 28, 2017 This is making me f*cking mad. I love HMV so much, and I always go there to buy music. The deals are great and they have things other retailers don't have. i like streaming but what I do is listen to it there and go buy the physical album after. HMV is my go-to. i'm so f*cking pissed.. HMV Megastore Ste-Catherine, HMV Dix30, and HMV St-Bruno, I'll f*cking miss you Link to post Share on other sites More sharing options...
juicyjuicy 2,005 Posted January 28, 2017 Author Share Posted January 28, 2017 1 minute ago, thierryrreiht said: This is making me f*cking mad. I love HMV so much, and I always go there to buy music. The deals are great and they have things other retailers don't have. i like streaming but what I do is listen to it there and go buy the physical album after. HMV is my go-to. i'm so f*cking pissed.. HMV Megastore Ste-Catherine & HMV St-Bruno, I'll f*cking miss you This. What will I do with my pureHMV points? Haha. sidenote: I know someone from St-Bruno! Link to post Share on other sites More sharing options...
Fatigay 21,211 Posted January 28, 2017 Share Posted January 28, 2017 Just now, juicyjuicy said: This. What will I do with my pureHMV points? Haha. sidenote: I know someone from St-Bruno! Spend your points asap I guess oh nice!! I'm not too far from there Link to post Share on other sites More sharing options...
juicyjuicy 2,005 Posted January 28, 2017 Author Share Posted January 28, 2017 2 minutes ago, thierryrreiht said: Spend your points asap I guess oh nice!! I'm not too far from there Sidesidenote: Quebecois boys are so damn sexy. Why did I move from Montreal. Anyway. So sad. Link to post Share on other sites More sharing options...
Dominic 11,922 Posted January 28, 2017 Share Posted January 28, 2017 They closed my local HMV's in the UK a couple years ago. It's a shame because it means a lot of redundancy but it is what it is. Technology changes The hardest thing in this world is to live in it Link to post Share on other sites More sharing options...
FGGrayson 9,670 Posted January 28, 2017 Share Posted January 28, 2017 Same happened in Mexico, there use to be a lot of MixUp everywhere and know u need to google where they have stores 𝗟𝗮𝗱𝘆 𝗚𝗮𝗴𝗮 • 𝗠𝗮𝗻𝗱𝘆 𝗠𝗼𝗼𝗿𝗲 • 𝗦𝗼𝗽𝗵𝗶𝗲-𝗘𝗹𝗹𝗶𝘀 𝗕𝗲𝘅𝘁𝗼𝗿 • 𝗣𝗮𝗿𝗶𝘀 𝗝𝗮𝗰𝗸𝘀𝗼𝗻 Link to post Share on other sites More sharing options...
Ricardo 8,133 Posted January 28, 2017 Share Posted January 28, 2017 22 minutes ago, frankgutz said: Same happened in Mexico, there use to be a lot of MixUp everywhere and know u need to google where they have stores They maintain now because of iShop but now that official Apple stores made an entry to Mexico, Mixup will be done in a few years Link to post Share on other sites More sharing options...
Economy 52,854 Posted January 28, 2017 Share Posted January 28, 2017 But But But But... Thats my fav store to go into malls. Not just for music but movies and tv series too Noooooooooooooooooo 😰 Link to post Share on other sites More sharing options...
BurqaSwg 4,681 Posted January 28, 2017 Share Posted January 28, 2017 ok, but like where will I go to buy my music now? Link to post Share on other sites More sharing options...
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