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Sam Goody is a music and entertainment retailer in the United States and United Kingdom, operated by The Musicland Group, Inc. It was purchased by Best Buy in 2000, was sold to Sun Capital Partners in 2003, and filed for bankruptcy in 2006, closing most of its stores.
The Musicland Group, Inc. was an entertainment company that ran Musicland, Sam Goody, Discount Records, Suncoast Motion Picture Company, On Cue, and the Media Play Superstore Chains. The Musicland Group was purchased by Best Buy in 2001 at the height of Musicland's success, which ultimately led to its demise.
Formerly owned by Trans World Entertainment, [2] it began in 1993 [3] and was expanded in 2001, 2006, and again in 2009 after buying out and rebranding mall-based stores Camelot, Sam Goody, Spec's Music, Strawberries, Record Town, Coconuts Music & Movies, DiscJockey, Saturday Matinee, The Wall, Suncoast Motion Picture Company, Musicland, Media ...
The Musicland Group filed for Chapter 11 bankruptcy in January 2006, and in February announced the closing [2] of 226 Sam Goody and 115 Suncoast Motion Picture Company stores, and all Media Play locations. Just months after the chain closed, the website MediaPlay.com was all that remained.
In 1999, Musicland launched websites for Suncoast, Sam Goody, Media Play, and Oncue. In 2001, Best Buy purchased their then parent-company, Musicland, for $685 million. [1] In January 2003, Best Buy closed 20 Suncoast stores as part of a larger closing that included 90 Sam Goody stores. [2]
Musicland – founded in Minneapolis in 1955, acquired by American Can in 1977; Musicland Group acquired Sam Goody in 1978 while keeping brand separate [141] until 1997 when the Musicland Group decided to rebrand all existing Musicland stores as Sam Goody; [142] [143] Musicland Group acquired by Best Buy in 2001 [144] and eventually sold to ...
After eight years with Schaefer as presenting sponsor of The Pocono 500, title sponsorship for the race was picked up by Pickwick International who named it the Music 500 presented by Musicland and Sam Goody. [2] During race weekend, in the infield on Friday were concerts by Ronnie Milsap, Henry Paul Band, and Funky Communication Committee ...
In February 2006, Trans World acquired the Musicland Group, which owned Musicland, Discount Records, Sam Goody, Suncoast Motion Picture Company, Media Play, and On Cue. The buyout included a handful of On Cue stores. [5] Trans World operated at a net loss from 2006 to 2010.