It’s not a great time to be in the music business for anyone–especially if you insist on selling discs at or above list price. MORE »
Posts Tagged ‘FYE’
the biz
Trans World, the owner of last-music-chain-standing FYE, has announced its fourth-quarter results for 2007, and they aren’t pretty: “For the fourth quarter, total sales decreased 23% to $451.5 million compared to $586.7 million in 2006. Comparable store sales for the quarter decreased 12%. …. MORE »
the biz
Today Is The Day Music Retailers Complain About Poor Sales
There’s an wonderful chicken and waffles restaurant in Phoenix that features a sign on the wall which (more-or-less) reads “If we don’t meet your expectations, please lower your expectations.” It might be a good idea for a similar sign to be placed in the office of everyone who makes economic forecasts for a music retailer in America, what with both Barnes and Noble and Trans World Entertainment releasing their sales information for the holiday season. MORE »
Next year at this time, we may very well be nostalgic for the days when you could stroll into your local mall and plunk down $19.99 for a CD: Rumor has it that FYE, the curiously acronymed chain of stores owned by Trans World, will be closing a huge chunk of its outlets come February. MORE »
FYE’s new price point for CDs–including catalog titles like Appetite For Destruction–is apparently $19.99. Seriously, the “cockroaches crawling around after the apocalypse” analogy has never been more apt. MORE »
the biz
FYE’s $18.99 Price Points Will Outlive Us All
Trans World Entertainment–operators of the curiously acronymed last-mall-music-store-standing FYE, as well as the Suncoast Video chain–announced that total sales for the second quarter of 2007 had decreased 10% since the same period in 2006. MORE »
Awkwardly Named Music Store Attempts To Lure Shoppers With Wrestlers, High Prices
Over the weekend, the Tennessean looked at FYE, the indecipherably named entertainment chain that’s taken over a large number of Tower Records‘ old locations. If you’ve ever wondered just what FYE means, you’re apparently not in the chain’s target demographic:
“The name f.y.e. — For Your Entertainment — says it all,” [marketing director Barry] Burmaster said. “Our brand is about offering all kinds of entertainment products, not just music.”
That’s why, in addition to hosting a steady stream of in-store musical performances, f.y.e. also has scheduled events such as an appearance by members of Nashville-based Total Nonstop Action Wrestling, which airs on cable network SpikeTV.
