The End For Music Retailers?
In late April, Madonna gave a rare in-store concert before 400 fans to plug her new American Life album. Outside the event, which took place at Tower Records in New York’s Greenwich Village, another 2,000-plus fans thronged. For years, Tower has harnessed such star power to burnish its credentials as a purveyor of hipness. “It was the buzz around town,” boasts store manager David Montes of the Madonna love-in. But the splashy appearance obscured a harsh backstage truth: Tower Records is in such deep trouble that its parent, privately held MTS Inc. in West Sacramento, has put the company on… Read more »