Tweeter closing 1/3 of all stores

BaggedLancer

Yahoo news:

http://news.yahoo.com/s/ap/20070322/ap_on_bi_ge/tweeter_store_closings;_ylt=ArQ6eKVtNdeDFKiEc7CRp4bMWM0F


This just following in the foot steps of CompUSA.....

TroyD

I wonder if Mantis and liv4fam are going to lose thier spots on the Board of Directors ??

BDT

TN_Polk_Lover

The article says it is closing all of its stores in TN. Maybe I can snag some deals? I wonder if that includes the "HiFi Buys" Store on Nolensville Rd. I think that it is owned by Tweeter. I'll have to stop by there and see what I can find out.

Robert

ledhed

TN_Polk_Lover wrote:

The article says it is closing all of its stores in TN. Maybe I can snag some deals? I wonder if that includes the "HiFi Buys" Store on Nolensville Rd. I think that it is owned by Tweeter. I'll have to stop by there and see what I can find out.

Robert

Let me know what you find out. There is also a Tweeter on West End and one in Franklin. I would love to get some hot deals on new stuff.

BaggedLancer

Since the chain itself isn't closing I have a feeling there won't be too many good deals. They will probably just shift merchandise from the closing store to the nearest non-closing store.

RuSsMaN

Awesome! Thank God the bought out one of the longest standing, best hi fi shops in Dallas, Hillcrest Hifi. I bet those will be the first to go.

Oustanding. :rolleyes:

TN_Polk_Lover

Speaking of Mantis, Is he still around? I don't think I've seen him post in a while.

Robert

billbillw

Usually these store closings result in good deals on the floor models, but otherwise, the just move the stock around.

F1nut

"There is a market for a kind of ultra high-end consumer. They (Tweeter) are selling a niche product at high prices to a limited, more aware audience,"

Funny, I never thought of them as the ultra high-end consumer type of audio store.

hearingimpared

RuSsMaN wrote:

Awesome! Thank God the bought out one of the longest standing, best hi fi shops in Dallas, Hillcrest Hifi. I bet those will be the first to go.

Oustanding. :rolleyes:

They bought out Bryn Mawr Stereo (good mid-fi to highend shop) many moons ago . . . thems where I purchased my first Polks the SDA/SRSs and the NADs to power them.

audiobliss

They also bought out Now! Audio Video around here. Great people, good products, great service.

I miss them.

sucks2beme

They never caught on to the changing market. CompUSA tried a lame entry
into HT and let their pc business lapse. They got killed on one side by
Best Buy, and Fry's from the other.
Tweeter never really set up to demo/handle the better stuff. The
lower end stuff was always cheaper somewhere else. These two
things killed them. I tried M/L speakers in one store, and their amp was unable to drive them well.
Forget about the LSI's, the receivers they used had no airflow around them and would go
into protection with any volume.
I think anyone left in higher end audio is struggling. The big dollar buyers
are rare now, and often guys demo the good stuff there, and buy online.
I have tried to buy locally when possible by watching for good deals, trade ins, and demo clearances.
If it goes all online, good luck. It will be a crap shoot.

shack

Well, there goes the LSi dealers in the Mid South. Another classic example of a big chain buying up some local and regional stores....then **** it up! HiFi Buys and NOW Audio/Video were decent stores with good product lines before Tweeter bought them. **** Tweeter...I'll never spend another penny in one of their stores.

venomclan

Interesting. Around here it is Sound Advice that has been going into lower end products. They have very few if any seperates anymore. Which will bring their speakers lines lower. As they are doing this, it seems that Best Buy is killing them. The only thing SA has is a larger tv selection, but not by much.
V

Demiurge

Never shopped at Tweeter, but is it Tweeter's fault some of the mom and pop audio shops closed up shop because the owner that chose to sell to them?

There's a couple small high end audio and video stores up here that manage to make a mint in their little corner of the market. They've found a niche that Circuit City, Best Buy, and Tweeter can't offer. The biggest ones are good customer service and a knowledgeable sales staff.

markmarc

Interesting that Tweeter did buy out their smaller competition in some areas, good for them.

The problem in the industry is margins. The big boxes are now paying for their killer instinct. In the end, Walmart will be the only one left standing. That actually could be good news for the Mom and Pop shops in that would have opportunity to carry mid and hi fi gear under the radar of Walmart.

However, the audio model is changing to direct sales with 30-60 day in home trials. the next ten years is going to be quite interesting.

Gaara

Wow, just looked through my system and the last thing I bought in a brick and mortar store was my XBR (employee discount) which was February 2006. Before that was my Cinenova (friend who is a dealer) in July 2004. The only thing I have bought without big discounts in a store was my dvd player, back in my beginnings of HT in June 2003. Back then it was a Yamaha rcvr and JBL speakers.

I think Tweeter's biggest issue is they have their high and mighty attitude and they won't budge on price. I went in there with $2000 looking to buy a B&K Ref 50 once, but the guy wouldn't even give my 5% off so I walked. They say they will price match but the ones around us won't. Hell I worked at a CC across the street from a Tweeter, had a customer try to price match a Samsung DLP and they refused, forgot the reason but the guy walked right back over and bought it from me.

AndyGwis

Wonder how to figure out which stores are closing so I can ravage their floor items. Wouldn't mind grabbing a couple LSi products, maybe some Focals, hell even ML would be nice if the price is right.

sucks2beme

AndyGwis wrote:

Wonder how to figure out which stores are closing so I can ravage their floor items. Wouldn't mind grabbing a couple LSi products, maybe some Focals, hell even ML would be nice if the price is right.

The store in Southlake still has a Krell integrated on display!

sterling bug

The Tweeter close to where I used to live had some of the worst demo rooms I have ever seen. Employees were a bunch of dopes too.

read-alot

audiobliss wrote:

They also bought out Now! Audio Video around here. Great people, good products, great service.

I miss them.

If you get to missing them too much just walk in Elite Audio Video, they are still around. I still buy from the same guy who sold me my SDAs 21 years ago
Bart Near.

AndyGwis

sucks2beme wrote:

The store in Southlake still has a Krell integrated on display!

Really? If I sell some of my other gear, I'm gonna go try to buy that **** on the cheap! Which model (300, 400)?

You know you want the matching Pro-10mc to go along with your ST-202, Keith! I've been wanting to unload all my ear to get a good integrated for a while, simplify things a bit.

iworkfortweeter

i think its hilarious. most of the reason for the closings is things that everyone already knows about, but fails to do anything about. we were on conference call from 1 to 4 pm today and rumor has it, that we may file for chapter 11. but even if we do, we'll still be in business. man, whatever though, lol you know?
i doubt there will be any sort of "sale" though. we'll probably just move product around to different stores in other regions. and for the record, salespeople ARE a bunch of dopes. its the installers who know their ****.

iworkfortweeter

also for the record id like to say that yes, the prices are rediculous, even with the advertised "price match" thing going on. the problem with places like Worst Buy and Circuit **** is that they have thousands of dollars to throw around for advertising and pure buying power that Tweeter just doesn't. We pride ourselves in the installation. its always been that way. no other company installs **** as well cleanly and professionally as we do. its The fact that we tried to actually BE a Worst Buy, was in fact part of the downfall of the company.

sucks2beme

AndyGwis wrote:

Really? If I sell some of my other gear, I'm gonna go try to buy that **** on the cheap! Which model (300, 400)?

You know you want the matching Pro-10mc to go along with your ST-202, Keith! I've been wanting to unload all my ear to get a good integrated for a while, simplify things a bit.

I believe it was a 300. As always, you might want to call them and check.
With this announcement, the vultures are circling already. I bet several
Polkies have already been to Tweeter marking their territorial bounderies.

I did sell the Snell E's today, but the Mrs. snagged that money as soon as it
was presented. For right now, no new purchases for a while.

VR3

Ive been to Tweeter one time.

I left highly unimpressed.

avguytx

I'm always glad to see more big box stores close up and go away. It was nice when Ultimate shut all their stores down in Texas. That was a hoot! I think they just look at different markets that are dragging them down. Same goes with BB, CC, etc. They shut one down and pop a couple more up in some other stupid market. Maybe things like this will help the mom and pops to stay around longer...being that most of them know their stuff better.

iworkfortweeter

ive been to best buy's magnolia, and left highly unimpressed.

mantis

TroyD wrote:

I wonder if Mantis and liv4fam are going to lose thier spots on the Board of Directors ??

BDT

Just can't help yourself can you??? :rolleyes:

Just to bust your bubble, Liv4fam opened his own bussiness and moved to AZ. He is doing extremely well for himself. I on the other hand still STILL work for Tweeter and I'm doing very well myself, thanks for asking:rolleyes:

shack

iworkfortweeter wrote:

ive been to best buy's magnolia, and left highly unimpressed.

Hey homer. Except for the fact they don't carry the LSi series....it is every bit as good as Tweeter...if not better.

TroyD

mantis wrote:

Just can't help yourself can you??? :rolleyes:

Just to bust your bubble, Liv4fam opened his own bussiness and moved to AZ. He is doing extremely well for himself. I on the other hand still STILL work for Tweeter and I'm doing very well myself, thanks for asking:rolleyes:

Glad to hear it.....

I still think Tweeter blows.

BDT