Music store to close; make room for clothes | Chicago Tribune
Music store to close; make room for clothes | Chicago Tribune
And yet Reckless Records is doing so well that it can open a store in the loop. I dont think online music sales and piracy are killing the Towers and Megastores.
The closing of the Chicago and Salt Lake Virgin Megastores will leave Virgin with 11 music stores still operating in the U.S. It operates more than 100 Megastores in the United Kingdom.
What so kids in the UK dont pirate and/or buy downloaded music. I dont think so.
In December, Tower Records shuttered its stores, joining a host of smaller chains and independent stores that have closed in recent years. Music sales continue to slide due to still-rampant piracy and consumer complaints that prices for recorded music are too high at a time when digital singles can be bought for 99 cents.
Maybe its not the online beast that is killing these large stores but the fact that they a) dont know how to sell records to “the kids” and b) pay themselves to much money to do it.