Well this could be the beginning of the end for the last mall-based music/DVD store chain in Canada. HMV Canada has been sold off by the parent HMV UK company to some "restructuring specialist" called Hilco UK:
http://www.calgaryherald.com/Canada+sold/5010584/story.html
Exactly how much was paid is unclear. The link above and Sun Media are reporting only $3.2 million was paid for the 120 stores, while the Toronto Star reports it was $3.2 billion.
Either way, I fear I'm about to lose another place to go. As I entered my 40s my world began rapidly shrinking as more of the places I enjoy visiting and buying stuff at and hanging out at disappeared. Bookstores are going, DVD and CD stores are going. I'm sorry, I don't give a damn about clothing stores. And I don't smoke or drink or do drugs and I have physical issues that make spending all my waking hours at the gym impractical. Everyone talks about "ooo - you gotta move with the times" - but the thing is the fact I can continue to order CDs and DVDs online is not the point. I use going to places like HMV as an excuse to get out.
These are the things people don't think about when stores close. Not saying HMV necessarily is about to close - no one has actually said that yet - but whether for $3.2 million or $3.2 billion, there's still a strong sense of "do what you will - we wipe our hands of it" that probably doesn't bode well for the chain. If the HMV at West Edmonton Mall goes I'll actually have no reason to ever go there again.
On one news page someone expressed hope that the end of chains might mean "mom and pop stores" will make a comeback. If only anyone was actually bothering to open "mom and pop stores" to replace them, I might agree. But people aren't doing it. I am utterly convinced to the very core of my bones that this over reliance on downloading and doing everything "in the cloud" instead of permanent, reliable physical media is going to bite everyone in the ass so hard they'll have their choice of orifices to fart from. That whole thing with the Playstation Network was just a preview.
Alex
http://www.calgaryherald.com/Canada+sold/5010584/story.html
Exactly how much was paid is unclear. The link above and Sun Media are reporting only $3.2 million was paid for the 120 stores, while the Toronto Star reports it was $3.2 billion.
Either way, I fear I'm about to lose another place to go. As I entered my 40s my world began rapidly shrinking as more of the places I enjoy visiting and buying stuff at and hanging out at disappeared. Bookstores are going, DVD and CD stores are going. I'm sorry, I don't give a damn about clothing stores. And I don't smoke or drink or do drugs and I have physical issues that make spending all my waking hours at the gym impractical. Everyone talks about "ooo - you gotta move with the times" - but the thing is the fact I can continue to order CDs and DVDs online is not the point. I use going to places like HMV as an excuse to get out.
These are the things people don't think about when stores close. Not saying HMV necessarily is about to close - no one has actually said that yet - but whether for $3.2 million or $3.2 billion, there's still a strong sense of "do what you will - we wipe our hands of it" that probably doesn't bode well for the chain. If the HMV at West Edmonton Mall goes I'll actually have no reason to ever go there again.
On one news page someone expressed hope that the end of chains might mean "mom and pop stores" will make a comeback. If only anyone was actually bothering to open "mom and pop stores" to replace them, I might agree. But people aren't doing it. I am utterly convinced to the very core of my bones that this over reliance on downloading and doing everything "in the cloud" instead of permanent, reliable physical media is going to bite everyone in the ass so hard they'll have their choice of orifices to fart from. That whole thing with the Playstation Network was just a preview.
Alex