[talk] J&R closing

[Brian Gupta]

- Brian Gupta

New York City user groups calendar:
http://nyc.brandorr.com/


On Thu, Apr 10, 2014 at 9:14 AM, Robin Polak <robin.polak at gmail.com> wrote:

>
> On Apr 10, 2014 7:57 AM, "George Rosamond" <george at ceetonetechnology.com>
> wrote:
> >
> > Woah...
> >
> >
> http://www.nydailynews.com/new-york/exclusive-shutting-electronics-store-article-1.1751239
> >
> > That's a bit sudden.
> >
> > g
> > _
>
> Any word of a liquidation sale?   :-)
>
Well so far no word about the online store shutting down, so maybe no
liquidation sale.

Also as far as bankruptcy goes, maybe not. The Friedman's own much of the
real estate that J&R occupied/occupies. They probably came to the
realization that after 50 years of real estate appreciation and
Amazon/iTunes basically gutting their core businesses, it was just time to
become landlords. Here's a NY TImes article from last year that in
hindsight, sorta predicts this whole thing. [1]

-Brian

[1] -
http://www.nytimes.com/2013/10/24/nyregion/jr-alters-the-blocklong-layout-its-known-for.html?_r=0

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