Vinyl Me Please (store, exclusives, swaps, etc)

MikeH said:
Or, ya know, they cleared a ton of inventory space for records that weren't selling and got people to subscribe for a year or longer while adding on tracks and buying store exclusives on top of it.

Not every place that has sales is on the verge of bankruptcy.
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Didn’t make the assertion you mentioned in your last sentence, but ok 👍🏻

In reference to your initial sentence, It could be. I don’t know a lot about their business strategy currently. I am aware that they changed the modeling at least three times while I was a member.

However, the timing of their inventory clearing ‘sale’ coupled with the court filings this year would, to me anyway, indicate less of a loss leader strategy and more leveraging non-forecasted revenue to prop up either overspending on a new venture (hello VMP pressing plant) or an unbalanced capital structure. The firings/layoffs of staff coupled with the C-Suite shakeup are also factors that could contribute to that theory.

However, short of additional filings that help to illuminate the situation, we’re all just speculating. 😎
 
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