Tower Records

More troubles for Tower Records

Tower Records announced tonight that it will seek a buyer under the rules of a Chapter 11 Bankruptcy filing. A few weeks ago Tower made news when it was announced that several suppliers were no longer supplying product to the venerable record store chain. Tower Records emerged from bankruptcy in 2004 but has continued to struggle with the boom in online sales.

Music stores closing up shop

So another music store is closing and a competitor is up for sale. Not a new story by any means. Generally I have been unsympathetic knowing that the recording industry has brought the problems on itself. They have not figured out that iTunes and the other online stores will win out. Some few labels still think that they can force cd sales by keeping artists off iTunes music store. However, this story about Fort Collins record shops closing and being sold made me a little sad. The Finest is up for sale "while it still has some value". That's too bad it was one of the few record stores that was really likable. Local, new and used, and people who were easy to talk to. All traits that the big boxes lacked. This will be one record shop I'll actually miss although I haven't been there in years. And therein lies the problem. The last time I was in a record store was when Tower Records went out of business. Oh and if you think I'm going in to WalMart just to buy a Garth Brooks album.... think again.

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