
It all started when greedy retailers started charging those ridiculous sky-high prices for CDs in the late '80s and '90s, which caused many of us to laugh with pleasure when people began to illegally download songs online. This is largely why Tower bit the dust -- not enough kids are buying CDs because of the whole digital revolution. But if there was ever a case of justified commercial payback, it was the music industry gorging on CD profits in the '80s and '90s and then suffering from the rise of Napster and Limewire in the late '90s and early 00's...eat shit! Tower has been a mainstay since...what, the late '60s? We'd all love to see Amoeba take over this space, but they'd have to jettison the store they have now adjacent to the Arclight to make it work. Wouldn't they?
Posted by Jeffrey Wells on October 26, 2006 at 4:30 PM
comment #1
tholl-yung
says ...
Are you crazy? Amoeba Arclight is a goldmine, but the smaller Tower location could be a satellite. Did I read, in Rolling Stone, that the kid who downloaded iTunes billionth song said downloading is less trouble than having CD's all over the place?
Posted by tholl-yung
at October 26, 2006 6:00 PM
comment #2
D.Z.
says ...
It's the driving experience which probably ruined sales for the Sunset Tower Records. Too many drunks, too much congestion, and not enough parking. (Plus, many of the connecting streets are a pain to cross, because they're on steep slopes.) And I go through all that for what? Stuff I can find at better prices and better locations at Best Buy?! I'm not going to blame record companies for Tower's owner's inability to sell music and movies at competitive prices. Even the people running Virgin have the sense to slash prices on stuff no one's buying.
Posted by D.Z.
at October 26, 2006 7:36 PM
comment #3
jeffmcm
says ...
There's no reason except dire nostalgia for Amoeba to move from their huge, prime location to a castly smaller building in a less accessible part of town.
Posted by jeffmcm
at October 26, 2006 8:49 PM
comment #4
Walter Sobchak
says ...
(by the way Jeff, you're welcome for the pic tip)
I stopped by there yesterday to check out their "Going Out Of Business Sale"... I entered the store choked up with nostalgic melancholy... then I found that the "sale" was pretty much "everything 20% off".... that is, 20% off of the LIST PRICE... I told the guy at the info desk, "not much of a sale, eh?"... he shrugged and said that the prices on their summer sale were actually better, but everything must go.... suddenly my sentimentality turned to anger and I thought, "fuck you.... 20%!?!... are you kidding me?!... I hope you die a slow death in bankruptsy!".... then I calmed down
Posted by Walter Sobchak
at October 27, 2006 1:17 AM
comment #5
TheLongshot
says ...
Tower will be missed because of the selection and that it was open late. Unfortunately, to have that selection, you have to charge a premium for that.
I'd like to go there and pick up some stuff, but as the previous poster said, 20% off isn't much of a deal. Course, that doesn't stop some from buying.
Posted by TheLongshot
at October 27, 2006 7:14 AM
comment #6
D.Z.
says ...
LongShot: "Unfortunately, to have that selection, you have to charge a premium for that."
I think they should have started realizing that wasn't economically feasible around the time the iPod was created.
Posted by D.Z.
at October 27, 2006 9:29 AM
comment #7
jeffreywells
says ...
Wells to Sobchak: That's funny what you wrote, and thanks for the tip. A serious going-out-of-business sale would slash prices at least 30% or 33%. You're right -- Tower deserves to die.
Posted by jeffreywells
at October 27, 2006 9:45 AM
comment #8
bmcintire
says ...
Tower was offering pretty good deals of late on first-week-of-release CDs and DVDs, often as low as $8.99. But the crappy pricing now is due to the management consolidation company handling their bankruptcy proceedings (much like the ass-hats that closed down Aron's Records earlier this year). They are pricing down merchandise at a truly glacial pace from the SRP, so by the time prices trickle down to 40% or 50% off, nothing of any value will be left. Of course, if you really want to get raped, go to Amoeba and by something new (not used). Barnes and Noble is a better fucking deal.
Posted by bmcintire
at October 27, 2006 11:59 AM
comment #9
TL
says ...
I'm sure Tower can return a lot of the merch to the distributor for wholesale, so it doesn't make sense for them to discount it more than ~20%, and I bet their creditors would pitch a fit if they did. It's a little misleading for them to act like it's a fire sale though.
Posted by TL
at October 27, 2006 2:03 PM