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Tweeter May Finish Business
There are rumors that the retailer may open its doors to finish out the weekend.
December 04, 2008 | by Rachel Cericola

There could be some activity at your local Tweeter this weekend. Put away your wheelbarrow; it won’t be looters.

Twice says that the store might reopen tomorrow to finish out its weekend sales. If this happens, the store could be operating under Chapter 7, which means—well, we’re not sure. Does that mean customers can pick up orders? More importantly, which employees would actually show up? Maybe some will come to collect a check and possibly office supplies and any remaining stock. However, we can’t imagine they’d be much help. We don’t blame them.

Earlier this week, Tweeter shut all of its remaining stores, without warning. The retailer wanted to flip from Chapter 11 to Chapter 7. This allowed the company to free up some cash, which will supposedly be used to finish clearing out stores and pay remaining staff.

Nothing has been formally announced, and the Tweeter site is still down—there’s not even a finger. Still, Twice says that it spoke to two Tweeter workers who were asked to come back to work.



About the Author:
Rachel Cericola - Contributing Writer
Over the past 15 years, Rachel Cericola has covered entertainment, web and technology trends. Check her out at www.rachelcericola.com.


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Comment (1)
Posted by Joe P  on  12/09/08  at  04:14 PM

Must be nice that Tweeter gets to reopen after screwing over employees and customers alike.  I am owed 2,500.00 that I put down as DEPOSIT money for a TV installation that was ripped off by Tweeter prior to the bankruptcy.  It was confiscated during the liquidation with no news on if or when I will ever get this back.  These BK laws favor these theiving jerks rather than the little guy who gets ripped off....this stinks. I want my money back now!



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