Tweeter Closes All Stores

Tweeter

Tweeter had filed for bankruptcy protection early last month.

The specialty retailer shuts doors days before its planned closing.


Dec. 02, 2008 — by .(JavaScript must be enabled to view this email address)

If you were planning to swing by your local Tweeter to see what bargains were left to be had, don’t bother.

While many were griping that the deals weren’t all that great, now there is a bigger problem: a big padlock. It seems that all of the remaining stores are closed effective immediately—just days before the specialty retailer had planned to shutter its doors nationwide. Twice says the decision is part of Tweeter’s plan to move from Chapter 11 to Chapter 7.

Tweeter had filed for bankruptcy protection early last month. Just days before, we heard that the store had been sold to liquidators. Since then, the retailer had been trying to unload some of its inventory at a discount.

The status of existing orders or employees is unknown. Twice’s story cites Michael Simon, a manager of Sound Advice in Fort Meyers, Fla. Simon says that staffers can say goodbye to any promised bonuses and unused vacation time.

Tweeter has not released any official announcements or statements.



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