JULY 28 I DADDY'S JUNKY MUSIC I CORPORATE
Daddy's to Downsize
Manchester, N.H.-based combo chain Daddy's Junky Music recently announced that it will close seven of its 19 retail stores. A statement from the company said the closures are "in response to changes on the retail landscape." Daddy's also plans to devote more resources to its online presence.
"Daddy's was most successful when we had 12 retail locations within reasonable proximity to our headquarters and warehouse," said Fred Bramante, Daddy's CEO and founder. "Many markets have changed, and it no longer makes sense to service those markets with retail storefronts. We have identified seven such markets, and will move to close those locations in the near future.
"We will provide a better presentation in markets where our experience tells us a brick-and-mortar presence still works for Daddy's. Our online presentation will continue to play a larger role and, in tandem with our 12 stores, presents the appropriate format to service our customers and position Daddy's for success in the future."