hmv closing

HMV is shutting down all of its stores in Canada

HMV Canada announced today that it will close all 102 of its remaining stores across Canada on April 30. After 30 years in the business the music retailer was put into receivership Friday and the majority of its head office staff was let go.

The stores, including the massive Toronto flagship store on Yonge Street which opened in 1991, will remain in operation until they sell off most of their merchandise at liquidated pricing.

Last year, HMV closed both its Eaton Centre and Bloor St. stores. At the time, the president and CEO told us that the chain was still going to stick around in higher foot-traffic and less lease-onerous locations.

But, as the Financial Post reports, HMV owes music studios and labels around $56 million. Its creditors simply wouldn't let it continue any longer.

Lead photo by

Matt Forsythe


Join the conversation Load comments

Latest in Music

Rolling Stones could be coming to Toronto to play El Mocambo

Someone is going to get a dream date with Drake

Toronto's oldest boxing gym is about to be live music heaven

Justin Bieber and Hailey Baldwin just visited a Tim Hortons in Toronto

The iconic El Mocambo sign has returned to Toronto's Chinatown

This is where vinyl records are born in Toronto

The top 5 new live music venues in Toronto

Massey Hall just lost its iconic fire escape stairs