The company’s aggressive expansion left it with no financial cushion when sales began to dip.
Founded by Russ Solomon in 1960 in the back of his father’s drugstore in Sacramento, Tower Records revolutionized how people bought music. Solomon’s philosophy was simple but radical: stay open late, stock everything, and hire people who lived and breathed music. All Things Must Pass The Rise and Fall of Tower...
The collapse of Tower Records was not caused by a single factor, but a "perfect storm" of three major forces: The company’s aggressive expansion left it with no