Oh Shit – Fopp Closes Down
I don’t know if the news that Fopp are shutting down makes my earlier post about small record shops complete nonsense or all the more poignant. It’s bloody shit, whatever it is. Bye Fopp, thanks for everything.
Apparently they say their chain of shops is still profitable, which seems strange given it was a refusal of their creditors to ‘extend working capital’ that finally did for them. I would imagine it is related to their purchase a few months back of around 60 or 70 Musiczone stores that has over-extended them, although I don’t know anything about the details.
Rumour currently has it that a few of the shops may re-open once the administrator has sniffed about for a bit. I hope so, Fopp has always been just about my favourite record shop and it would be a crying shame if they vanished for good. HMV are struggling too apparently – profits are down a pretty hefty 73%. High street music sales clearly are not where it’s at right now. Sad movies, yahoos, sad movies.
The Stills – Love & Death
