Tower Records Closing Sounds Death Knell for Music Retailers
Tuesday, October 24, 2006
Sacramento based Tower records used to be the most successful chain of record stores in America. But the company announced this month that it will be going out of business after several years of financial losses. Have they become anachronistic in a time when the Internet can provide all the music and CDs we want?
, vice president and senior industry analyst with NPD Entertainment.
- Eric Howarth , co-owner of M-Theory Music, a local independent music retailer.