Saturday, October 07, 2006
Tower Records Is All But Dead
Judge orders the chain "liquified" to pay off debt. However, the Sunset Boulevard store is to be sold for $12 million. It's unclear to me whether that means it will continue under new management with the Tower Records name. Could a similar thing happen for one or both of the New York stores? No other record chain comes even close to Tower Records in depth and quality and music-loving atmosphere. Practically the first thing I did when I moved to New York was go to Tower Records. I hung out there for hours on end going through the piles of CDs. I even went on a date with an employee of Tower, which is as close as I could get to dating the store itself. I even love their shopping bags, which are so strong and durable I use them (double-bagged) to cart my mail home. I'm heart-broken.