The program, which issued a 10% rebate when a member spent $150, had developed a reputation . Typical Sam Goody pre-1994 concept in Del Amo Fashion Center. In the years ahead parent company Musicland floundered -- not just in the face of increased competition but with the rise of the digital MP3 format. After a dismal fourth quarter 2006 and a lackluster year in general, Transworld admitted that it failed to anticipate some of the challenges that remained associated with the remaining Musicland stores that it acquired, especially the "Sam Goody Rural" concept located in small communities. None of the information on this page has been provided or approved by Sam Goody. 4. For several years in the late 1990s and early 2000s, Sam Goody held their Bandemonium contest, pitting acts against each other in a battle-of-the-bands-style competition. "Our strategy was to evaluate expenses and costs, and we decided to shut down 150 stores across the country," Musicland spokesperson Laurie Bauers said. By 2006, the stores were sold to another competitor, Trans World Entertainment. U.S.A. Find and reach Sam Goody's employees by department, seniority, title, and much . In the early days, Sam Goody was known for promotions such as giving customers who spent over $25 a free turntable. Sam "Goody" Gutowitz (1904-1991) of New York City opened a small record store on New York's 9th Avenue shortly after the advent of vinyl long-playing records in the late 1940s. Musicland advertises heavily for all its product lines. Required fields are marked *. It employs 6-10 people and has $0M-$1M of revenue. Comparable stores' sales for the music segment was up 7.5 percent in 1997 over 1996, and up 0.9 percent in 1996 over 1995. I, the copyright holder of this work, hereby publish it under the following license: . Use Slintel to connect with top decision-makers at Sam Goody. View Sam Goody (http://www.samgoody.com) revenue, competitors and contact information. Friends and family dubbed him Goody when he was just a child; according to the The New York Times, Gutowitz eventually made the moniker his legal name. Losses were exacerbated by a decline in physical CD sales in line with the general decline in CD sales, and by competition from big box retailers. U.S.A. To stave off losses it shuttered hundreds of Sam Goody stores and eventually filed for bankruptcy in 2006. [20][21] At the chain's height, there were 22 stores and only 14 stores remained when the company exited the UK market.[20]. "talkin' aabout a revolution in music sales: superstores and ce chains record gains, while small stores are scratched off consumers' playlists." Chief Competitors: Many of Sam Goody's competitors are local independent music stores. records -- into one of the world's largest record stores, died yesterday at St. John's Hospital in Far Rockaway, Queens. //