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NEWS: Trans World Bid for Musicland Approved


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Michi
Encyclopedia Editor


Joined: 22 Feb 2004
Posts: 741
Location: Los Angeles, CA
PostPosted: Sat Mar 25, 2006 3:32 pm Reply with quote
I only recently noticed that the Suncoast at my mall was already gone. It was really sudden, and really sucky because I wish I had known to take advantage of sales. >_> They had some good stuff.
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RogueKittiekat



Joined: 24 Mar 2006
Posts: 4
PostPosted: Sat Mar 25, 2006 4:27 pm Reply with quote
That list is not accurate. My store is closing and isn't even on the list. Those are just the ones that got closed before Trans World even bought us. And its not just underperforming stores that are closing, my personal store is closing and we were contstantly in the top five performers for our district.
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LydiaDianne



Joined: 28 Jan 2006
Posts: 5633
Location: Southern California
PostPosted: Sat Mar 25, 2006 5:17 pm Reply with quote
biliano wrote:
tlsmith1963 wrote:
Is there a list of stores that are going to be closed? I want to know if my local Suncoast will close.

Tammy


Here is the list of Sam Goody and Suncoast store closings. The three Cleveland/Akron area stores LordRobin and I mentioned are on this list. Fortunately the Mentor store is not on the list.


Huh. I just checked the list and the store in my city is not on there, yet the store manager says that they ARE going to close. Of course, they are in a sucky location in the mall. FYE has more money so maybe they'll cough it up for a better location.

Okay, I just looked at the site again and saw that the date is for Feb. 1, 2006, so it's quite possible that my store has been added since then.
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biliano



Joined: 24 Jan 2005
Posts: 956
Location: Cleveland, OH
PostPosted: Sat Mar 25, 2006 5:26 pm Reply with quote
RogueKittiekat wrote:
That list is not accurate.


If you can find an updated list, please post it. This was the best I can find when I conducted a Google search earlier today.
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LydiaDianne



Joined: 28 Jan 2006
Posts: 5633
Location: Southern California
PostPosted: Sat Mar 25, 2006 5:35 pm Reply with quote
biliano wrote:
RogueKittiekat wrote:
That list is not accurate.


If you can find an updated list, please post it. This was the best I can find when I conducted a Google search earlier today.


I just looked myself. Everything I saw was dated around Feb. 1. Perhaps they haven't released an updated list officially yet. Maybe on Monday there might be something.
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RogueKittiekat



Joined: 24 Mar 2006
Posts: 4
PostPosted: Sat Mar 25, 2006 9:45 pm Reply with quote
I believe all stores that are closing already know so your best bet would be to call your local store.
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Tenchi Saotome



Joined: 27 Feb 2006
Posts: 14
Location: Ohio, near Cleveland
PostPosted: Sat Mar 25, 2006 11:00 pm Reply with quote
RogueKittiekat wrote:
That list is not accurate. My store is closing and isn't even on the list. Those are just the ones that got closed before Trans World even bought us. And its not just underperforming stores that are closing, my personal store is closing and we were contstantly in the top five performers for our district.


From what the manager at the Suncoast I go to said that Suncoast's parent company tried to get some help with the rent (either reduced or free) for a certain number of months so they could get reorganized after declaring bankruptcy. The stores that are closing are the ones that couldn't get the malls help with this. The store in North Olmstead store was a good performer but West-field, the owners of Great Northern in North Olmstead didn't agree to it and so it's closing, But I think the mall where the Mentor store was did agree to it.

Last edited by Tenchi Saotome on Sun Mar 26, 2006 12:41 pm; edited 1 time in total
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tekwych



Joined: 18 Mar 2005
Posts: 75
Location: New Mexico
PostPosted: Sat Mar 25, 2006 11:41 pm Reply with quote
According to the Trans World Marketing rep I interviewed on Friday there were 67 stores notified over the last 72 hrs. that liquidators would arrive on Tuesday to start the closure process (I could not get an 'official' list). Many of these stores will simply close and the stock transferred to another facility to avoid paying another months rent. Many of these stores are closing due to either the lease not being renewed or the rent being to high (read not lowered by the Landlord).

Note also that all pop culture material (collectables, wall hangings and such) will most likely be phased out. Many of the buyers have been let go as Trans World buyers will be taking over. All stores computer systems and register system will be changed out to interface with the FYE systems.

While he would not say directly I believe there will be more closings in the third quarter of the year. I say this because there are at least 45 additional locations that have either a Sam Goody or a Suncoast AND an FYE. Also Trans World has spent the last 18 months moving ALL of their mall based facilities to the FYE brand, I doubt they will end this program.

www.heygofigure.net
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ZeroRyoko1974



Joined: 09 Jun 2004
Posts: 258
PostPosted: Sun Mar 26, 2006 9:17 am Reply with quote
I hope they change the sam goody in the mall into a Suncoast. I doubt it since they closed the suncoast in the same mall about a year ago
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britannicamoore



Joined: 05 Dec 2005
Posts: 2618
Location: Out.
PostPosted: Mon Mar 27, 2006 2:20 am Reply with quote
the stores notified Feb 1..are they gone already? or are they having sales?
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LydiaDianne



Joined: 28 Jan 2006
Posts: 5633
Location: Southern California
PostPosted: Mon Mar 27, 2006 7:58 pm Reply with quote
I went into my store in Riverside, CA and was told that as of Tomorrow (Tues., Mar. 28, 2006,) they were not going to scan Replay cards, take mall gift certifcates, Suncoast Gift Cards or Replay Rewards. It's strickly cash and charge.

Not to mention the fact, no new releases.
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tekwych



Joined: 18 Mar 2005
Posts: 75
Location: New Mexico
PostPosted: Mon Mar 27, 2006 8:01 pm Reply with quote
britannicamoore wrote:
the stores notified Feb 1..are they gone already? or are they having sales?


They should all be closed down by now.

LydiaDianne wrote:
I went into my store in Riverside, CA and was told that as of Tomorrow (Tues., Mar. 28, 2006,) they were not going to scan Replay cards, take mall gift certifcates, Suncoast Gift Cards or Replay Rewards. It's strickly cash and charge.
Not to mention the fact, no new releases.


Saturday is the 1st and that means another month's rent. Expect several of these stores to close REALY fast.

Go! Figure A Place For Collectors, By Collectors
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