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Forums > Music: Non-Prince > How come no one attributes low soundscan numbers to the real problem.....Stores Closing
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Reply #60 posted 10/21/06 2:59pm

JackieBlue

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SoulAlive said:

"FYE sucks ass,I HOPE it closes"


I agree,that store sucks!! $18 CDs!! mad small selection...I've never seen such an awful record store.Did you guys notice that most record stores inside malls are really sucky? They always have high prices,small selection,no rare CDs.



nod I don't even bother with them.

I wonder how the mom and pop shops fair in big shopping areas. In NYC a good spot is DiscoRama. One location recently closed down and I wonder if it was because of high rent. The one in Union Square is literally no bigger than a hallway so maybe they make a profit. You can stil get brand new discs for $9.99 - $10.99 and they have more than Top 40.
Been gone for a minute, now I'm back with the jump off
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Reply #61 posted 10/21/06 3:11pm

lastdecember

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VinnyM27 said:

lastdecember said:




The big problem is also companies like Media Play/Sam Goody and FYE are big on being in MALLS, and trust me Malls and Music dont mix anymore, this was OK in the 80's when rents were low and Music was more important to kids. Case in point the Sam Goody i was at for over a decade was in a mall in the NYC area and was the Number One store in their company, thats out of the 1000 stores they had, in terms of volume we made 5 million a year, which is not alot, however the rent was 70,000 a month, well do the math and thats almost a million in rent, so the average person will say wow 4 million in profit. Nope, now you have to figure in all the utility bills and security for a year, and then of course it was a big store so you had 30-40 employees to pay for a year and then of course what people tend to forget, the price that the labels charge to have their cds in your store, this is the main thing that is doing them all in. At the end of the year our store basically was breaking even to sometimes maybe 100,000 profit, this was about 1 of 50 stores that actually werent losing money.


Media Play, which was part of Sam Goody (is that dead, too?) wasn't in a mall but there big thing was one guy working there said the reason for that was the rent was so high, so yeah, it's the same thing....however, the building's are just empty now...so I hope the people who owned them are happy! I mean, the one at Utica was on this very busy street with lots of other business, incluidng a Sporting Goods store in the same complex but not sharing the same building like a strip mall. It was huge and now there is nothing there! I think they did pretty good buisness! I realize the other things are a factor but I think the guy stressed it was the rent. I bet all those Media Plays haven't put up anything new. And that's the big problem when a business, especailly something that big, goes out of business. It's as if they developed that land for nothing!


Alot of people dont realize, that when that business closes the property value drops and soon you are left with nothing. The Sam Goody location i was at made alot of money in terms of what customers it brought in, First and foremost Sam Goody was the leader in embracing the urban market especially reggae, the biggest Sam Goody made was to have so many stores in malls and also when it found itself in trouble it allowed itself to be bought by Best Buy, which in turn molded them into what they are, and it didnt work, people were coming in for new releases not stereos, this alienated people which is what Best Buy wanted in the long run, because then it could write off Sam Goody as a loss, and take its customer based programs, (which Best Buy never had until Sam Goody), they basically corproate raided them, which usually is what lands you in jail.
But in terms of our closing the Location, the mall is so expensive, that no one is going to take the spot, so now, the base that Sam Goody built for that location doesnt even come to the mall anymore, plus there isnt one Music store in that mall (which might be the only mall in the world without one), so in reality everything is a domino affect, expect to see alot of stores around these music chains close very quickly.
And i have to repeat that Goody was a leading force for urban artists, for instores,indie reggae labels that basically have no where to go at this point. I know first hand because i dealt with alot of the local reggae artists most associated with VP and they told me straight Best Buy wouldnt deal with them on any level, nor knew what artists they were talking about, very sad.

"We went where our music was appreciated, and that was everywhere but the USA, we knew we had fans, but there is only so much of the world you can play at once" Magne F
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Reply #62 posted 10/21/06 3:17pm

lastdecember

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JackieBlue said:

SoulAlive said:

"FYE sucks ass,I HOPE it closes"


I agree,that store sucks!! $18 CDs!! mad small selection...I've never seen such an awful record store.Did you guys notice that most record stores inside malls are really sucky? They always have high prices,small selection,no rare CDs.



nod I don't even bother with them.

I wonder how the mom and pop shops fair in big shopping areas. In NYC a good spot is DiscoRama. One location recently closed down and I wonder if it was because of high rent. The one in Union Square is literally no bigger than a hallway so maybe they make a profit. You can stil get brand new discs for $9.99 - $10.99 and they have more than Top 40.


The thing that keeps them alive is selling used CD's. I was talking to a friend who runs an import store in the Village and he said, it doesnt pay to stock a new cd because the labels are rip offs, one label he told me was charging 13.45 as a whole sale price per cd, which was about a dollar more than i remember and i left music retail in april, so that shit is going up quick! he said "why would i pay that, when i could send 10 different people to Best Buy and buy 3 each (Best Buys limit) and then sell them here for 11. Labels should be forced into a set price for everything, no pricing competition

"We went where our music was appreciated, and that was everywhere but the USA, we knew we had fans, but there is only so much of the world you can play at once" Magne F
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Reply #63 posted 10/21/06 5:38pm

VinnyM27

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Tessa said:[quote]

VinnyM27 said:



No Sam Goody/Musicland/FYE that I've been to in the last 10 years has had any better selection of music than Best Buy, Circuit City, etc.

BTW, I never knew Wal-Mart didn't count soundscan numbers....that does make a pretty huge difference, but there still is stil denying that album sales are down still because of lack of decent releases and legal digital singles.


Wal-Mart does report to Soundscan.



Interesting on both counts because someone said Wal-Mart didn't. Can't say anything about Sam Goody since that was a lifetime ago but FYE used to have a better selection when they were bigger....probably not now. Media Play wasn't great but was pretty damn good. It was about the size of Best Buy, so they could get away with it. I wasn't a huge fan of Media Play since they didn't have great prices on new releases and their stock could've been beter but they were good about ordering stuff (although one time they fucked up royally and I kept going back to see if they got this set I ordered and it went out of print but it took forever for them to realize it) and eventaully, they did lower their prices on some major new releases. Also a decent stock of books (not as good as a Borders, for sure, but OK...especailly for best sellers). I miss 'em...
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