Get the right information for your business Let and the help you            Contributed by Tuesday August nd @ AM Tower Records Is Bankrupt Again Is It The End Of The Pure Play Music Retailer? from the so much for those new plans dept It really was just a little over two years ago that we talked about hoping that with music retailers having less of a say about distribution methods the recording industry would become much more open to new means of distribution Of course Tower Records came back from bankruptcy with big new plans and just a few months ago we were writing about their slightly odd idea of reinventing the music store with Apparently that plan wasn't shaping up as particularly successful as and it's not clear if it'll come back this time around The most likely scenario is that someone ends up buying the brand ditching the brick and mortar stores and using the brand somewhere else This of course shouldn't come as a shock Just last year we noted that all of the top music sellers simply to sell some other type of product While some people still like to pretend otherwise

Get the right information for your business Let and the help you            Contributed by Friday February th @ AM Tower Records Declares Bankruptcy from the industry fallout dept While the RIAA and the music labels make for a good target to attract people like Kevin Laws have been saying that a big part of the problem with the music industry not figuring out how to update their business was who saw any attempt at online distribution as channel conflict and threatened to cause problems Considering how much business is still done through retailers giving that all up to take a risk on online distribution is a call no one's going to make In fact he believes that the labels have a much better understanding on online music than we've given them credit for but don't want to piss off their channel Well it looks like that channel is continuing to struggle Tower Records' parent company They're not planning on closing many stores but it might be time for them to look at other ways to reinvent their business Of course this is almost exactly a year after Wherehouse Music with a long rant blaming music downloaders

Tower Records From Wikipedia the free encyclopedia Jump to This article is about the retail music chain For the s record label see Tower Records Online retailer and defunct music store chain Founded Headquarters USA and accessories Tower Records was a music chain based in USA It currently exists as an international and an online music store Tower was founded in by Russ Solomon in Sacramento The store was named after his father's drugstore which shared a building and name with the Tower Theater where Solomon first started selling records The first Tower Records store is on Broadway & th Street in Sacramento California next door to the first Tower Books all Tower Records stores in the prior to held going out of business sales before final shutdown on the night of Friday was purchased by a separate entity and will not be affected by the retail store closings Two Tower Records stores still operate in as well as five in and a number in and Contents History Tower Records on the Seven years after its founding Tower Records expanded to opening a store in what was originally a grocery store at Bay and Columbus streets The chain eventually expanded

    REGION TOPIC Originally Aired August Tower Records Bankruptcy Heralds Industry Changes Music chain Tower Records filed for bankruptcy for the second time on Sunday An expert discusses how digital downloads and large scale music distributors are changing the music industry      ANNOUNCER Ladies and gentlemen rock and roll JEFFREY BROWN If video killed the radio star as the ' s anthem alleged THE BUGGLES Video killed the radio star JEFFREY BROWN then it may well be the Internet that's caused another casualty years later Sunday night Tower Records a once dominant icon of music retail filed for bankruptcy The California based company was founded in the heyday of the LP and in pioneered the idea of the record superstore Tower prospered through the age of the cassette tape and into the days of the compact disc But Internet based music sites like Apple's iTunes and giant retailers both online like Amazon and off like Target Wal Mart and Best Buy have all put a large dent in Tower's bottom line Sales have dropped percent in the last year alone Now its stores in the United States are up for sale Tower's parent company hopes to sell the chain

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