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Old 05-21-2017, 08:58 PM   #21
Dauntless Dauntless is offline
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Hopefully this expansion also means they carry more blurays. It would be nice to have another option other than Amazon. The walmart in my area only likes to stock DVDs and the bestbuy renovated and shrunk their movie section down to one shelf.
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Old 05-21-2017, 11:37 PM   #22
Taco_Yucky Taco_Yucky is offline
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Seems that just yesterday they opened up their first two locations west of Ontario, over in BC in Victoria and Nanaimo. According to their site's blog, there should be even more locations opening on Tuesday after Victoria Day.

Since the person running their Facebook account is encouraging us to bring our suggestions to location managers, I just may prepare a handwritten letter or card outlining the case to stock a healthy variety of Blu-rays.
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Old 05-23-2017, 05:11 PM   #23
llj llj is offline
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I went to the Pickering Town Centre store this weekend.

Very slim blu-ray selection. No Criterions, or anything other than recent popular Hollywood movies. Less selection than HMV for sure.

It is a heavily vinyl oriented store. The records are placed at the front entrance right when you walk in.
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Old 05-23-2017, 06:59 PM   #24
danman227460 danman227460 is offline
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I am not surprised. Sunrise made a comeback on the sales of vinyl and would want to keep that part their main focus. I wonder if this rapid expansion will hurt them.

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Originally Posted by llj View Post
I went to the Pickering Town Centre store this weekend.

Very slim blu-ray selection. No Criterions, or anything other than recent popular Hollywood movies. Less selection than HMV for sure.

It is a heavily vinyl oriented store. The records are placed at the front entrance right when you walk in.
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Old 01-24-2018, 04:34 PM   #25
Takao Takao is offline
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Vinyl Is Spinning Huge Sales For Sunrise Records

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Sunrise Records’ president Doug Putman doesn’t buy the popular mantra that music sales are cooked. Proof of this is the fact that his chain of nationwide stores sold close to a half-million vinyl albums last year.

That’s right. Sunrise sold just shy of 500,000 vinyl recordings and most with an average sticker price of $29.99.

And that’s just the half of it.

Last year, Putman expanded his Ontario-based 12-store chain by negotiating leases from mall owners left holding the bag when HMV declared bankruptcy, and in the space of a year grew to 82 stores nationwide. Today he employs about 800 staff working full or part-time in Sunrise locations, and he has plans for more expansion in 2018.

The 33-year-old doesn’t sound whipped having accomplished in record time what a lot of other chains have failed at.

In a phone interview yesterday, Putman said he plans to open another four to five stores in 2018 and further expand business with a transactional website.

“We accomplished a lot in 2017. We got all the (new) stores opened by August 1, and that required lots of work. We’re pleased with where we are at. It was a great year and all the suppliers – labels, studios – are very happy with our performance. Our indie bands are doing well for us too. We take consignments on local acts with CDs and vinyl, and they are performing well.”

It’s a success story echoed by Universal Music Canada. “We’ve believed in Doug’s vision so partnered with him early on,” company president and CEO Jeffrey Remedios says, adding that “his team’s results have exceeded our lofty expectations.”

This kind of endorsement isn’t easy to come by in the retail business and in particular the record retailing business.

In all, Sunrise has about 100 suppliers and inventories 5,000 SKUs in its 120K-square-foot Ancaster, ON headquarter.

Looking forward, Putman expects to open four or five more stores in 2018, but there’s another area for growth that got lost in last year’s store expansion.

“The strategy this year is to execute what we had planned in 2017, and that is the launch of a website that can handle online sales.

“We ended up delaying our online presence to focus on getting the stores done right last year,” Putman explains. “Our plan now is to get a fully functioning transactional site up in the next three to four months. We recently surveyed our customers, and the overwhelming feedback we received was that this is what they most wanted from us, and that’s what we are working on giving them now.”

Until he acquired the five-store chain from the Perlman brothers (Malcolm and Roy) in 2014, Putman had no connection to music other than being a big fan of pop and vinyl. His outsider status perhaps made him an ideal candidate to find a niche in the market that could be successful.

Four years ago CD sales were in a tailspin as consumers shifted to digital files largely purchased from iTunes' stores. Putman’s prior background was in running his family's business, Everest Toys, a distribution company representing clients such as Mattel and Hasbro.

He knew about inventory systems, his background was in sales, and he believed in software and that there is still a sizeable audience wanting to own physical copies, whether they be board games or recordings.

Astutely, he wasn’t going to fall into the trap of over-stocking his stores or trying to be trendy. The average store size is 2500-square-feet, all located in suburban malls and secondary markets. He says he’d love to have mainstreet stores in cities such as Toronto and Montreal but admits that the rents are too high to make financial sense. "We are always looking, but for now we haven't found a way to make it work," he says.

So, it’s a mean and lean operation he operates that offers a mix of goods that make it more pop emporium than a pure record store, but the customers keep coming in and the till keeps ringing in sales.

As for its inventory mix, the average Sunrise Records store inventories a ratio of 30-percent CD, 20-percent vinyl, 20-percent Blue-ray and video, and 20-percent apparel, toys and games. His split on catalogue to currents is 65/35 and CDs vary in price. Front-line new releases on average are priced at $12.99 and catalogue titles run between $5 and $10.

He has one more big surprise for 2018, but for now he’s keeping it up his sleeve.
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Old 01-24-2018, 06:29 PM   #26
ZoetMB ZoetMB is offline
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If they sold 500,000 vinyl units in Canada, that's quite amazing because Nielsen reported just 14.32 million LP sales in the U.S. for 2017. The RIAA hasn't publicly reported their full-year numbers yet, but the first half of 2017 was just 7.2 million units. It's especially amazing considering that the total population of Canada is less than the population of California. Based on per-capita, if Canada consumed LPs at the same rate the U.S. does, total Canadian sales should have been 1.62 million units, which means Sunrise took a 31% share. Having said that, with 76 stores, it means on average, each store is selling about 21 LPs a day, based on a 6-day week.

I'd love to know what total Canadian sales were for all aspects of the recorded music market. Would be interested to learn if they've made the move to streaming as much as Americans have.

In the U.S., music physical media is now just 16.3% of the market (in dollars). Downloads are 19.6% and streaming takes 64.1% of industry dollars (based on first half RIAA numbers).

I assume the numbers that Media Play News (formerly Home Media Magazine) reports for DVD/Blu/UHD are also U.S. only and not North America. Would be interesting to know how physical media for video is doing up there as well. So far this year, DVD and BD sales in the U.S. are down substantially, but that's no surprise with all the video streaming options available now.
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Old 02-20-2018, 06:56 PM   #27
billydillydilly billydillydilly is offline
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The brand new Sunrise location in Ottawa at the Rideau Centre has closed.

Good riddance, the prices on vinyl were insane and blu-ray prices and selections weren't much better.
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Old 02-21-2018, 05:33 PM   #28
Deadguy2322 Deadguy2322 is offline
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Quote:
Originally Posted by billydillydilly View Post
The brand new Sunrise location in Ottawa at the Rideau Centre has closed.

Good riddance, the prices on vinyl were insane and blu-ray prices and selections weren't much better.
I have it on good authority their awful vinyl pricing is due to bringing a lot of it in grey-market rather than through Canadian distributors. But even then, double to triple the pricing of other chains for some items is just the kind of obscene gouging we have to endure in this country.
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Old 02-23-2018, 02:55 AM   #29
billydillydilly billydillydilly is offline
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well, i was wrong. they're still open in the rideau centre, just moved locations
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Old 02-24-2018, 04:07 PM   #30
Animatic33 Animatic33 is offline
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Quote:
Originally Posted by ZoetMB View Post
If they sold 500,000 vinyl units in Canada, that's quite amazing because Nielsen reported just 14.32 million LP sales in the U.S. for 2017. The RIAA hasn't publicly reported their full-year numbers yet, but the first half of 2017 was just 7.2 million units. It's especially amazing considering that the total population of Canada is less than the population of California. Based on per-capita, if Canada consumed LPs at the same rate the U.S. does, total Canadian sales should have been 1.62 million units, which means Sunrise took a 31% share. Having said that, with 76 stores, it means on average, each store is selling about 21 LPs a day, based on a 6-day week.

I'd love to know what total Canadian sales were for all aspects of the recorded music market. Would be interested to learn if they've made the move to streaming as much as Americans have.
Interesting analysis and hypothesis!

Would Sunrise ever inflate their numbers to impress potential investors?

It just seems highly unlikely they move that much product in their first year - especially a niche market. The one Sunrise I visited (now moved to Scarborough Town Centre) didnít seem like it carried much vinyl to begin with, nor the genres and bands that probably the 30-40+ year old demographic would care for. While I respect the numbers being the only truth - I do try to analyze the market demand based off of what people want.
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Old 05-05-2018, 03:25 PM   #31
Dunemoon Dunemoon is offline
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Quote:
Originally Posted by billydillydilly View Post
well, i was wrong. they're still open in the rideau centre, just moved locations
There's one in Bayshore now (3rd level near Wal Mart)
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