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#1
posted to rec.boats
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On Mon, 21 May 2012 12:17:15 -0400, X ` Man
wrote: Far better than being "Bain Capitaled" out of business with the workers on the street. === Yes, it's very important to try and put some sort of political spin on this story. The demise of record stores is sad in a way but inevitable. Electronic distribution is the wave of the future and if the record companies had been a little smarter about embracing that change instead of fighting it, they would surely have managed the transition a little more smoothly and maybe made some money from it. One of the biggest record chains in our old area was Tower Records. Tower was one of the first to stock a lot of CDs and in the beginning was a good place to shop. Things went downhill rapidly after that however, even before the advent of MP3s. The quality and quantity of their sales staff and CD displays became atrociously bad. |
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#2
posted to rec.boats
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On 5/21/12 4:11 PM, Wayne.B wrote:
On Mon, 21 May 2012 12:17:15 -0400, X ` Man wrote: Far better than being "Bain Capitaled" out of business with the workers on the street. === Yes, it's very important to try and put some sort of political spin on this story. The demise of record stores is sad in a way but inevitable. Electronic distribution is the wave of the future and if the record companies had been a little smarter about embracing that change instead of fighting it, they would surely have managed the transition a little more smoothly and maybe made some money from it. One of the biggest record chains in our old area was Tower Records. Tower was one of the first to stock a lot of CDs and in the beginning was a good place to shop. Things went downhill rapidly after that however, even before the advent of MP3s. The quality and quantity of their sales staff and CD displays became atrociously bad. 1. It's not a political spin...it's how a decent, family run company is being shut down gracefully, as opposed to how the Vulture Capitalists like *Bain* do it. 2. We know it is inevitable that record/CD stores are shutting down everywhere. We *had* some good independent stores in the DC area that we've lost in the last 10 years. Same with many independent and chain book stores. I used to buy a lot of books at the chain bookstore at the Annapolis mall. That store closed about a year ago. |
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#3
posted to rec.boats
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On Mon, 21 May 2012 16:22:12 -0400, X ` Man
wrote: 1. It's not a political spin...it's how a decent, family run company is being shut down gracefully, as opposed to how the Vulture Capitalists like *Bain* do it. === I don't claim to be an expert on Bain and the real truth will be elusive for a while depending on who you talk to. Generally speaking however, so called vulture capitalists are those who buy up the shares (or bonds) of businesses that have fallen on hard times for one reason or another. Sometimes they just liquidate the assets for whatever they can get, and sometimes they try to get the firm back on it's feet. In either case prospects for current employees are not that great regardless. I'd ask you rhetorically whether it is better to lose your job because the business failed or because someone tried to cut costs and keep the business running? If the business can be revived at least some people get to keep their job. |
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#4
posted to rec.boats
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On May 21, 3:11*pm, Wayne.B wrote:
On Mon, 21 May 2012 12:17:15 -0400, X ` Man wrote: Far better than being "Bain Capitaled" out of business with the workers on the street. === Yes, it's very important to try and put some sort of political spin on this story. The demise of record stores is sad in a way but inevitable. Electronic distribution is the wave of the future and if the record companies had been a little smarter about embracing that change instead of fighting it, they would surely have managed the transition a little more smoothly and maybe made some money from it. One of the biggest record chains in our old area was Tower Records. Tower was one of the first to stock a lot of CDs and in the beginning was a good place to shop. * Things went downhill rapidly after that however, even before the advent of MP3s. *The quality and quantity of their sales staff and CD displays became atrociously bad. I've heard that CD's will be going the way of the cassette in the near future due to downloads. |
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#5
posted to rec.boats
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Tim wrote:
On May 21, 3:11 pm, wrote: On Mon, 21 May 2012 12:17:15 -0400, X ` Man wrote: Far better than being "Bain Capitaled" out of business with the workers on the street. === Yes, it's very important to try and put some sort of political spin on this story. The demise of record stores is sad in a way but inevitable. Electronic distribution is the wave of the future and if the record companies had been a little smarter about embracing that change instead of fighting it, they would surely have managed the transition a little more smoothly and maybe made some money from it. One of the biggest record chains in our old area was Tower Records. Tower was one of the first to stock a lot of CDs and in the beginning was a good place to shop. Things went downhill rapidly after that however, even before the advent of MP3s. The quality and quantity of their sales staff and CD displays became atrociously bad. I've heard that CD's will be going the way of the cassette in the near future due to downloads. These small stores, like book stores, have to apply the "adapt or die" theory in a marketplace evolving into the electronic age. Barnes and Noble saw it coming and developed their Nook reader while Borders withered away. B&N still has their work cut out for them but they can always look for other, consumable, products to sell. The music stores could branch out into musical instruments, or another related category the Best Buys of the world won't play with. |
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#6
posted to rec.boats
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On 5/21/12 7:25 PM, Tim wrote:
On May 21, 3:11 pm, wrote: On Mon, 21 May 2012 12:17:15 -0400, X ` Man wrote: Far better than being "Bain Capitaled" out of business with the workers on the street. === Yes, it's very important to try and put some sort of political spin on this story. The demise of record stores is sad in a way but inevitable. Electronic distribution is the wave of the future and if the record companies had been a little smarter about embracing that change instead of fighting it, they would surely have managed the transition a little more smoothly and maybe made some money from it. One of the biggest record chains in our old area was Tower Records. Tower was one of the first to stock a lot of CDs and in the beginning was a good place to shop. Things went downhill rapidly after that however, even before the advent of MP3s. The quality and quantity of their sales staff and CD displays became atrociously bad. I've heard that CD's will be going the way of the cassette in the near future due to downloads. You've heard that, even out where you are? :) My comment wasn't really about the record business, but about the closing of a local (to me) and valued institution, a family owned business whose proprietor is shutting it down in the same classy way it was operated for generations. Cutler's was never a fancy store, but it had depth, knowledgeable people, and friendliness. |
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#7
posted to rec.boats
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On May 21, 8:25*pm, Tim wrote:
On May 21, 3:11*pm, Wayne.B wrote: On Mon, 21 May 2012 12:17:15 -0400, X ` Man wrote: Far better than being "Bain Capitaled" out of business with the workers on the street. === Yes, it's very important to try and put some sort of political spin on this story. The demise of record stores is sad in a way but inevitable. Electronic distribution is the wave of the future and if the record companies had been a little smarter about embracing that change instead of fighting it, they would surely have managed the transition a little more smoothly and maybe made some money from it. One of the biggest record chains in our old area was Tower Records. Tower was one of the first to stock a lot of CDs and in the beginning was a good place to shop. * Things went downhill rapidly after that however, even before the advent of MP3s. *The quality and quantity of their sales staff and CD displays became atrociously bad. I've heard that CD's will be going the way of the cassette in the near future due to downloads. I remember when CDs first came out in the early/mid 80s. The local record stores were charging around $20 per album back then. Seemed a rip off to be paying more for a cd than a big vinyl 33rpm record. |
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#8
posted to rec.boats
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On Mon, 21 May 2012 16:25:48 -0700 (PDT), Tim
wrote: I've heard that CD's will be going the way of the cassette in the near future due to downloads. === I suspect that's probably true. Electronic distribution is a *lot* cheaper and there are essentially no production or inventory costs. |
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#9
posted to rec.boats
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On May 21, 10:36*pm, Wayne.B wrote:
On Mon, 21 May 2012 16:25:48 -0700 (PDT), Tim wrote: I've heard that CD's will be going the way of the cassette in the near future due to downloads. === I suspect that's probably true. * Electronic distribution is a *lot* cheaper and there are essentially no production or inventory costs. BUT..... if your Computer crashes, you loose your purchase. I dont think CDs are going anywhere fast. They'll be here as long as they can flog a buck out of them. I still love listening to LPs, and I have quite a little collection of old, original label 45s that I treasure as much as gold. Old Clyde McPhatter, Little Richard, etc. Old, rare LPs can still be bought on E-Bay. I have an original Jim Reeves LP that had a voucher stuck inside the plastic on the front that dated the album in the late 50s. I played it once, then stuck it away. |
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#10
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