The Tower Tumbles

How the (once) mighty have fallen. After filing for bankruptcy a few months ago, Tower Records is being liquidated by its latest buyer after having failed to adjust to the paradigms of a changing market. That’s not to say that the future of retail outlets is looking all bad – it seems that the secret is to keep things small-scale, specialised and customer-focussed, like the ever-increasing number of independent bookstores springing up across the States.