Quote:
Originally Posted by Stormer
Kinda reminds me of Postmedia's takeover of bankrupt Canwest's newspapers. The could not beleive what a great deal they were getting.
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I agree it's a risky bet, but there's 1 huge difference in the HMV>Sunrise transition vs Canwest>Post Media.
Post Media did a takeover of struggling properties and in doing so, took the baggage along with. Sunrise is just taking soon to be freed up retail space currently leased to HMV; there is no carry-over from HMV whatsoever, though I wouldn't be surprised if they tried to hire some of the staff.
From the news releases, I view Sunrise's model as somewhat akin to Comic Readers on 11th, but instead of comics, they'll stock movies/CDs/vinyl. The rest of the store will have the same pop-culture items, and from the sounds of it, a lot more than HMV.
I think they have a chance, but yes, the too big, too fast could be problematic.