Another brick and mortar record store is closing its doors. Fat Beats will be shutting down the L.A. and New York stores in September.
The announcement of the closings is a reflection of the woes that have been plaguing the industry for years. Global chain HMV closed their last US location in 2004. Tower Records shuttered in 2006. Last year saw the close of the last Virgin Megastore, and the story is no different in 2010. For Fat Beats, maintaining two stores well into 2010 is a testament to the stores’ importance to the music and to fans and consumers continuing to support independent hip-hop.
The good news is the label will continue online distribution and stores will be “throwing a series of blow-out sales and tribute parties open to the public during their last weeks.” For updates, check the Fat Beats blog.