In Reply to: Tower Records - An icon about to go under (sad) posted by agram on August 23, 2006 at 18:45:41:
A message from the CEO of Tower Records:I’d like to personally update you on what’s happening at Tower and why this is such good news for you.
As the CEO of Tower, I announced Sunday night that Tower is filing Chapter 11 reorganization. That might not sound like good news, but for the over 3,000 employees of Tower and Tower.com, as well as for our millions of loyal customers, it’s actually very good news. Here’s why:
We have the financing in place to continue operations as usual and have the product you have come to expect in our stores. And if we don’t, we can get it for you. It also means that we are now positioned to sell our company within the next 60 days or so, in time to have even more product for the holiday season. Most importantly, as usual, Tower gift cards are still good in any of our stores or on Tower.com.
And now the best news of all: take advantage of our "Buy 4 Get 5," in store promotion and, when you bring this email in to any store between now and September 4, we’ll give you an additional $5.00 "CEO Discount" as a token of our appreciation for your loyalty. More savings for you!
Russ Solomon, the founder of Tower Records, recognized the need to cater to you, the music and movie junkie, by opening the world’s first music superstore in 1960. Today Tower is still the industry leader, thanks to you, our customer.
So come by and see what’s new in our stores and we’ll continue to keep you posted on our progress.
Joe signature
Joe D’Amico, CEO
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Follow Ups
- They ain't gone yet....why just today I got this - LWR 18:52:57 08/23/06 (3)
- Then why does my local Tower Records Classical Annex have.... - BJordan 13:33:01 08/24/06 (0)
- Re: They ain't gone yet....why just today I got this - agram 19:04:53 08/23/06 (1)
- They declared bankrupcy a few months back... - LWR 19:16:34 08/23/06 (0)