The city is broadening the reach of its 9% “amusement tax” to include streaming entertainment services like Netflix and Spotify.
The long-time consumer electronics retailer shuts down its web site less than a month after closing its New York store.
Close on the heels of shutting down its iconic consumer electronics store in Lower Manhattan, J&R Music and Computer World has closed its e-commerce site.
The merchant, which opened its Lower Manhattan store in 1971, grew from a tiny storefront into a block-long electronics colossus. A message from owners Joe and Rachelle Friedman posted on JR.com says the company plans to remake its location into “an unprecedented retailing concept and social mecca.” The company says it will share further details on the “reimagined and redeveloped” store in coming months.
No further details were offered and J&R did not respond to a request for comment.
The company still sells online through its Amazon store, but a Facebook posting from May 1 promotes an “inventory liquidation sale.”
J&R was a former Top 500 merchant. It was last listed in the 2012 edition, with an Internet Retailer-estimated $168.0 million in 2011 web sales, up by 4.5% from $160.7 million in 2010. The retailer also made Internet Retailer’s 2007 Best of the Web list