Road Records to remain in business? - In Todays Times

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Last Post 2/13/2009 8:01 AM by aidan

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floodzer

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Posts:181

2/12/2009 4:43 AM
Following on from last month’s story that Road Records is to close, On The Record has learned that moves are now underway to ensure the Dublin record store will remain open for business. These plans revolve around a Save Road Records investment club with a number of music industry personnel and other interested parties taking a shareholding in the business. It is hoped that this investment will mean that the Fade Street store remains open and allow it to develop a long term strategy. Furter details as they emerge.

admin

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Posts:399

2/12/2009 7:26 AM
Recapitalisation is the new black it seems. I hope the long term strategy is a good one because high street music retailers - from the biggest down to the smallest - are getting hit hard. And the worst might not have hit us yet...

admin

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Posts:399

2/13/2009 1:41 AM
Turns out that this is not necessarily a done deal. Jim Carroll added a comment to his blog entry on this were he said that he doesn't think "anyone is part of this investment club right now". So it still might not fly.

Idiot Kid

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Posts:217

2/13/2009 2:50 AM
Should it be saved though? Don't get me wrong, I don't want to see anyone go out of business, but if last month's announcement was anything to go by, there just isn't a place for record stores like Road anymore. The owners themselves stated that they can't compete with downloading and the likes of PLAY.com. The only way (I believe) they could compete is by completely changing their business model and surely that means that it wouldn't be Road (as we know it) anymore? It would be a bit like Trigger in Only Fools and Horses, he's had the same brush for 20 years and only gone through 17 heads and 14 handles in that time. If it can be saved and nobody loses their job, then great, but I don't think it can be saved and remain the Road that we're all used to.

whiterob81

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Posts:162

2/13/2009 4:22 AM
One thing I have noticed is that when it was announced first, people were very upset and flocking in in droves. But when I went in the Staurday before it closed, I was the only customer. I was talking to one of the guys working there, he said after the initial surge of sympathetic custom, it seemed to dwindle. Lots of Irish musicians want it to stay open so that they'll have an outlet for their music but don't seem to want to actually shop there. And I have to admit, before it shut i hadn't bought anything in there in a while. Personally, I don't want it to shut down, I think it's a great shop, but I would question the wisdom of ploughing money into a service that's just not being used. They have been talking about starting up a web site dedicated to Irish music so hopefully this won't be the last we hear from them

aidan

Advanced Member
Posts:638

2/13/2009 8:01 AM
Posted By whiterob81 on 13 Feb 2009 04:22 AM One thing I have noticed is that when it was announced first, people were very upset and flocking in in droves. But when I went in the Staurday before it closed, I was the only customer. I was talking to one of the guys working there, he said after the initial surge of sympathetic custom, it seemed to dwindle. Lots of Irish musicians want it to stay open so that they'll have an outlet for their music but don't seem to want to actually shop there. And I have to admit, before it shut i hadn't bought anything in there in a while. Personally, I don't want it to shut down, I think it's a great shop, but I would question the wisdom of ploughing money into a service that's just not being used. They have been talking about starting up a web site dedicated to Irish music so hopefully this won't be the last we hear from them Just highlight the box so you can see whiterob81's invisible post (above) :)