The winning bidder in the auction for Tower Records is Great American Group, an asset management and liquidation company. All 89 Tower Records stores around the country are, in essence, shutting down. Inventory sales start today.
I’ve already waxed philosophically about the idea of Tower Records shutting down.
Part of me almost wishes I were in Honolulu or New York to see what kind of bargains I could muster. Honolulu stores carried a smattering of J-Pop, and I could barely tear myself away from the classical section when I was in New York City on vacation in 2005.
The retail landscape will be emptier without Tower Records, especially for areas that don’t have a Waterloo or an Amoeba or a Newbury Comics to take its place.