Sam the Record Man bankrupt!

Allan Mack

Supporting Actor
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May 26, 2001
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Sam the Record Man has declared bankruptcy . This is indeed sad news for us Canadians. They are a great source for CDs and DVDs. I hope the one in Vancouver stays open...
 

Allan Mack

Supporting Actor
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May 26, 2001
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614
What I meant to say is I hope the Vancouver store stays open for many more years to come. It's one of the few to remain open for now...
 

Rain

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quote: What I meant to say is I hope the Vancouver store stays open for many more years to come. It's one of the few to remain open for now...[/quote]
I hope so, too. I love Sam. Great prices, great selection, great service.
I called Sam in Vancouver today (the one on Seymour St.). They told me they were unable to comment on the bankruptcy (no surprise there). They did say they were closed at the moment, but would be reopening "in a few days." Hopefully, it won't just be for liquidation.

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[Edited last by Rain on October 31, 2001 at 02:37 PM]
 

Mark Kalzer

Second Unit
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Mar 19, 2000
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443
I certainly hope we don't lose the one in TO. Those giant spinning discs at the entrance have been there for as far back as I can remember, although I can only see back 14 years of my 17 year long life.
[Edited last by Mark Kalzer on October 31, 2001 at 06:18 PM]
 

Mitty

Supporting Actor
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Jan 13, 1999
Messages
886
That is indeed a shame.

Sam's was the only reliable place to find non-mainstream stuff (Criterion, Image, etc.) at reasonable prices.
I hope they keep stores at least in the major cities (a la Eatons).
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Rain

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Mitty, you been to the Seymour St. store, I assume. I'm there almost daily.
Kinda makes me wonder if we've ever walked right by each other without even knowing it.
 

Keith Paynter

Screenwriter
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Mar 16, 1999
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News reports say that some independantly operated stores will remain open. We lost our STRM around 84/85, i believe.
When I was a road musician I got to spend some time in Toronto, and was amazed at the size of the Yonge St. store - I probably had spent two hours there just taking it all in the very first time.
On a return visit about 6 years ago I returned to T.O. for a seminar, and the first thing I did with my free time was check out all the great record shops, (John Lipsin's Incredible, etc) and had to stop by Sam's. At that time what impressed me was the selection of laserdiscs they had, but they also had several out-of-print items in stock (a good example, the original Disney cartoon program 'Donald's Scary Tales', with The Skeleton Dance), but they were holding out for collector's pricing (they wanted $150 for that laserdisc).
I can't say I'm surprised at this turn of events. When they closed down their online retail site, I assumed that they couldn't justify the cost. Reasons quoted for the end of the business come from (a) economics, (b) fickle consumers, and (c) internet downloading.
They will be missed. If the landmark Yonge St. store closes, it will be a sad day in music retail indeed.
Here's a story from the CBC website:
http://www.cbc.ca/cgi-bin/templates/view.cgi?/news/2001/10/30/sam301001
[Edited last by Keith Paynter on October 31, 2001 at 07:58 PM]
 

brentl

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It is sad to see the company die, but from what I've heard Sam wasn't the nicest guy.
He supposedly wouldn't let a franchise make any money.
Brent L
this comes rom a guy that had a store.
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McPaul

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Well at least Calgary Chinook Center is a franchise. It'll still be around YAY!
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PatrickM

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Just walked by the Seymour street Sam's this afternoon. Closed for inventory the sign said. Probably for the creditors. According to the article I read in the newspaper today, this one is one of the many to be shutdown permanently.
Patrick
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Rain

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Just walked by the Seymour street Sam's this afternoon. Closed for inventory the sign said. Probably for the creditors. According to the article I read in the newspaper today, this one is one of the many to be shutdown permanently.
Shit

It will only get worse, I think. Without Sam's low prices right next door, A&B will only have Virgin to beat price-wise, so we can all probably expect to pay $3-$8 more for new releases soon.
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Luis Esp

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May 25, 2001
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584
The Yonge St. will remain open. I believe only six stores in Canada, either franchises and flagship store will not be closed. Hopefully a major sale will be happening soon. I want a few titles a really good prices.
 

Mitty

Supporting Actor
Joined
Jan 13, 1999
Messages
886
Rain,
Seymour St. was indeed the one I was talking about. I'm not there all that often, maybe once every couple of weeks. But you're right, we may have passed one another without knowing it. Unless your nostril were cocked and aimed at me, I probably wouldn't recognize you.

My initial thought was that A&B would see that they've eliminated their principal competition and would jack up prices, but then I thought that the real price setter for the past year (or maybe two) has been Future Shop (aka Putrid Slop). So, I don't THINK A&B can get away with that just yet.
We'll see. It is a real bummer even still. It's a good store for off-the-beaten-path stuff.
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