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The Fall Of The Towers

frankmeyer
10 Comments

Posted October 9, 2006 - By Frank Meyer

On Saturday I went to Tower Records and noticed all sorts of big yellow signs with things like “No Checks,” “Cash & Credit Card Only” and “Big Sale Coming Soon” on them. I wondered, “What the heck is going on?” (Because even in my head, I don’t curse. I like to keep it clean.)

Then I read this in The Hollywood Reporter:

“Tower Records is having a going-out-of-business sale. The legendary music chain's assets were sold at a bankruptcy auction on Friday to the liquidation firm Great American Group, which bid $134.3 million for what was once the most dominant music retailer in the country.”

WTF?

Yes, Great American began liquidation and going-out-of-business sales as of last weekend at their 89 U.S. stores.

The court-supervised auction ends the 46-year history of one of the biggest music chains in America.

Big bummer.

Sounds pretty un-American and not so great to me, man...

MTV.com: For The Record

 

Tags: Music, Style
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