A Record Store Chain is Expanding. Wait–What?

According to FYI Music News, Sunrise Records–a chain that abandoned its iconic Yonge Street location in Toronto last year–is back on the expansion trail. The company opened its sixth store this past week, this time in Timmins.  It’s not a big space–2,000-ish square feet–but it’s nicely stocked with CDs, DVDs, various bits of merch and, of course, vinyl. Sunrise is also planning to launch an online store.

Meanwhile HMV–who is doing very well, thank you–is investing more into v2.0 (or is it 3.0? 4.0?) into their website.

Record stores aren’t dead yet. They’re just evolving. And vinyl has a lot to do with it. American figures show that while sales of digital albums fell 9.5% in 2014, vinyl sales were up 52%. Granted that vinyl still makes up a tiny, tiny part of the overall market, but it is the only physical format that’s selling more year after year. See more graphics like the one below at Billboard.

10 years of vinyl growth

 

Another interesting stat: US figures show that 72% of vinyl buyers are under the age of 35. Maybe not what you expected, huh?

Alan Cross

is an internationally known broadcaster, interviewer, writer, consultant, blogger and speaker. In his 30+ years in the music business, Alan has interviewed the biggest names in rock, from David Bowie and U2 to Pearl Jam and the Foo Fighters. He’s also known as a musicologist and documentarian through programs like The Ongoing History of New Music.

2 thoughts on “A Record Store Chain is Expanding. Wait–What?

  • March 10, 2015 at 10:08 am
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    Alan, have you been to a record show lately? The crowds are getting bigger, more aggressive and younger. Even the dead stuff in the boxes on the floor filled with Neil Diamond and Barbra Streisand discs are getting scoured through for childhood nostalgia of their parents’ music.

    I’m seriously putting some thought into getting a table at one of these shows with the goal of opening a storefront used record store. Seriously, copies of ‘Get The Knack’ are commanding 10 dollars now. You used to be able to re-shingle your roof with those things.

    Reply
  • March 10, 2015 at 11:31 pm
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    Spoke with a 19 year old fella in Hardcopy Records in Thunderbay.
    He was working there and seemed overwhelmed that something
    So substantial had music on it.Had Arctic Monkeys latest playing
    Over and over again On the Sony turntable.

    Reply

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