Tower Records, the storied 1960s music chain that launched the
music megastore and became a cultural retailing icon, strolls
into its 43rd holiday shopping season this weekend struggling
with debt and on the ropes.
The West Sacramento, Calif.-based Tower hopes four weeks of
strong sales will reverse a new image as the tottering giant
inside a stumbling music industry. Among the chain's troubles:
deep-discounting rivals, changing consumer habits, lack of hits
and its own missteps in the 1990s as the music business began a
dramatic shift.
Full story: http://tinyurl.com/33pi
Janos Gereben/SF
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