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28 June 2005
HMV to open Canada’s largest dedicated music, DVD store

HMV Canada Inc, Canada’s leading music retailer and fastest-growing DVD chain, announces today that it will open the country’s largest store dedicated to music and DVD, on the site currently occupied by Virgin Megastore in Vancouver, B.C. As a result, Virgin’s only Canadian Virgin Megastore, located on Vancouver’s Burrard Street, will cease from trading under the Virgin brand name on September 4th, 2005. as Virgin Entertainment Group has decided to withdraw from the Canadian marketplace to enable resources to be fully focused on its retail business in the United States

The 40,000 square foot, three-level store is located on the corner of Robson Street and Burrard Street in central Vancouver, the city’s busiest and most prestigious retail destination.

When it opens for business on September 4 2005, the new HMV flagship location will offer the most extensive selection of CDs and DVDs in a single store in Canada, with access to a range of more than 400,000 different titles.

With eight stores already located in the greater Vancouver area, and a further two stores opening in Burnaby the summer of 2005 in Lougheed Town Centre and Metrotown Centre, HMV will be the city’s number one music retailer and fastest-growing DVD chain.

Employees of the Vancouver Virgin Megastore will be offered continuous employment with HMV. Virgin Entertainment Group wishes to thank all of its staff, customers and suppliers for their support of the Vancouver Virgin Megastore.

Humphrey Kadaner, President of HMV Canada, commented:

“Vancouver is a key market for HMV. Not only is it Canada’s third largest city, but Vancouver also has a great music and movies tradition, making it a fitting location to open HMV Canada’s biggest store to date. Our prime retail location on the corner of Robson and Burrard puts HMV right at the heart of a city which is preparing to ‘welcome the world’ for the 2010 Olympics, and we are delighted to offer Canada’s biggest selection of music and DVD from our new store.”

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