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1.  

   

   Anonymous Coward, May 2nd, 2007 @ 4:40pm

   
   

   true

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2.  

   

   me myself and who cares, May 2nd, 2007 @ 5:35pm

   
   

   I buy online for convince rather than dealing with store hours. Its 4am and I just heard a kick ass song on the radio on the way home from the bar.. But music store is closed am I going to wait till the next day..Most likely forgetting the song at the point or go home and download it. I am huge fan of online shopping and will even consider full prices especially if iTunes can ditch the DRM like they have been talking about.

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3.  

   

   freakengine, May 2nd, 2007 @ 5:47pm

   
   

   Why would someone purchase the ailing brand if they weren't gonna do something new with it? The old Tower already proved that music retail model doesn't work anymore. Why do you need to prove it again???

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4.  

   Music is overrated.

   

   Buzz, May 2nd, 2007 @ 6:00pm

   
   

   I really believe that music ought to be attached to other successes. Music should not be sold as part of its own market. As the Techdirt article series suggests, sales should be emphasized in the area of concerts, band paraphanelia, and other scarce goods. Music (in its physical form) does not yield good profits anymore. I'm sure there are people out there who can provide contrary evidence, but generally speaking I'm unconvinced any CD-selling business can succeed on CD sales alone.

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5.  

   someone had money to burn

   

   Erv, May 2nd, 2007 @ 9:58pm

   
   

   I think anything other than online downloads is a failed business plan. Brick and mortar cd record stores are history.

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6.  

   Three letters...

   

   Ma Bell, May 2nd, 2007 @ 10:00pm

   
   

   AT&T
   
   It's a brand play. Starting a new retail business with an unknown name is a tough task. If you have regional or national ambitions, spending 4.5MM for a known brand is cheap. Renovating or reinvigorating tarnished brands is a well-travled path too.

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7.  

   

   John, May 3rd, 2007 @ 9:04am

   
   

   Wow, this is like the last story I ever expected to read (and $4.2M?!). I used to work at Tower back when I live in La Jolla, and although the music selection was better than all the other music retailers (Wherehouse, Music Plus, etc...), it still had a lousy selection. They'd have to sell used CD's and offer other services such as getting music on your iPod, and be able to sell every digital title that exists (not a crappy brick 'n' mortar selection), maybe digitizing your cd's on the spot...I don't know, basically offer more services than products. In any case, can't see how they can make tons of money with all of the encrypted file-sharing apps popping up (such as http://www.gigatribe.com or Microsoft's EFS (Encrypted File System) or Freenet)

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8.  

   

   Malgwyn, May 5th, 2007 @ 1:27am

   
   

   The "Tower" phenomenon is not difficult at all to replicate:
   
   Stay open till Midnight 365 days a year.
   
   Carry quirky stuff that no one else will touch.
   
   Cater to marginal groups and individual customers.
   
   The good Tower stores actually paid attention to what regular customers bought and anticipated their desires. What makes a Barnes & Noble or Borders suck is that they push the latest best sellers and crap, and their inventories do not evolve with the interests of their clients. They are also afraid of the marginal things. They hide the porn, and don't carry the more controversial stuff.
   
   The Tower stores had been out of the control of the founding Solomons for years, so it wasn't dependent upon any specific owner.

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9.  

   

   Malgwyn, May 5th, 2007 @ 1:27am

   
   

   The "Tower" phenomenon is not difficult at all to replicate:
   
   Stay open till Midnight 365 days a year.
   
   Carry quirky stuff that no one else will touch.
   
   Cater to marginal groups and individual customers.
   
   The good Tower stores actually paid attention to what regular customers bought and anticipated their desires. What makes a Barnes & Noble or Borders suck is that they push the latest best sellers and crap, and their inventories do not evolve with the interests of their clients. They are also afraid of the marginal things. They hide the porn, and don't carry the more controversial stuff.
   
   The Tower stores had been out of the control of the founding Solomons for years, so it wasn't dependent upon any specific owner.

   [ reply to this | link to this | view in thread ]

10.  

    Tower Records

    

    Shawn Ryals, May 12th, 2007 @ 10:07pm

    
    

    I worked at the famous Tower Records and Video on the sunset strip in west hollywood till the day it closed on dec 22. like everyone has been saying it is the end of an era. a sad end. we had many customers tell us they were sad and angry that tower was going to go. we too were and some still are very angry, bad upper mangement was the problem. many of us employees took out our anger and fustration on the great american (nothing great or american about that company) we gave up our customer service skills and choose not to help anyone (except our faithful regulars which we loved and much as they loved us) we were especially angry with the customers we referred to as vulchers who were huvering just waiting for the opportunity to pounce on us and we were treated like shit by these people. they didnt care that we lost our jobs and health benefits. i wish i could have saved tower myself and kept it open (of course making a lot of changes for the better) but i couldnt, and i thing that whoever bought the tower name opening tower again is not a good idea, it could NEVER be the same no matter what they did, it just could not ever hold up to what tower was.
    R.I.P. Tower stores 131 & 132
    Shawn R

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