Camelot Music

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Camelot Music
IndustryRetail
Founded1956[1]
FateConsolidated into FYE
ProductsMusic and DVD stores
SubsidiariesThe Wall
Spec's Music

Camelot Music was a mall-based retailer of prerecorded music and accessories and was one of the largest music retailers in the United States based on store count.[citation needed]

As of May 31, 1998, the company operated 455 stores in 37 states nationwide under two brand names: Camelot Music and the Wall. Camelot Music was founded in 1956 in Massillon, Ohio, by Paul David and his brother Robert David. It operated 305 stores with a significant store base concentration in the Midwest and Southeast regions of the United States. The Wall operated 150 stores primarily in the Mid-Atlantic and Northeast regions of the United States.[citation needed]

The company acquired certain assets of The Wall, formerly owned by British company WHSmith, effective February 28, 1998.[2] Around this same time, Camelot acquired South Florida retailer Spec's Music.[3][4]

The Wall was best known for its trademark "Lifetime Music Guarantee", which offered free replacements for cassettes and CDs that had been damaged in any way.[5][6] They were also notable for allowing customers to listen to CDs before buying them, and for their "Repeat Performer" customer card program, where 20 card punches earned a free CD or cassette tape.[7]

In late 1998, Camelot was acquired by Trans World Entertainment,[8][9][10] which later consolidated all of its mall-based music stores under the brand name FYE, including the remaining Camelot and The Wall locations.

References[edit]

  1. ^ http://www.fundinguniverse.com/company-histories/Camelot-Music-Inc-Company-History.html
  2. ^ "Company Closes, But Aids Workers Through Changes The Wall Built A Successful Culture. It Decided To Build A Successful Way Of Taking The Company Apart". The Philadelphia Inquirer, March 30, 1998.
  3. ^ "Camelot Music, Spec's Music announce merger agreement". South Florida Business Journal, June 5, 1998.
  4. ^ "Music Stores Spec's And Camelot Merge". Ocala Star-Banner, August 11, 1998.
  5. ^ "The Wall Lifetime Music Guarantee".
  6. ^ "The Wall Lifetime Music Guarantee". Reading Eagle, July 6, 1994, Page A5.
  7. ^ "The Wall building solid relationship with music lovers". The Reading Eagle. July 1, 1998.
  8. ^ "Trans World finds Camelot in purchase of competitor". The Business Review, November 2, 1998.
  9. ^ "Trans World To Buy Camelot Music For $451.9 Million". The New York Times, October 27, 1998.
  10. ^ "Also...". Los Angeles Times, October 27, 1998.