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Tower Records Hits Sour Note
About 3,000 Employees Will Lose Their Jobs
POSTED: 1:04 pm PDT October 9,
2006
UPDATED: 7:07 pm PDT October 9,
2006
SAN DIEGO -- The music is over for Tower Records.A going out of business sale starts Monday at the two stores in San Diego and 87 outlets elsewhere.
On Friday, a bankruptcy judge approved the sale of Tower Records to Great American Group. Tower Records said its business has been hurt by online music and competition from stores such as Wal-mart. About 3,000 employees will lose their jobs in the liquidation.
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