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Tweeter gets a rock, closes distribution centers

Steven Kim
10.31.08
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It's Halloween, and things are looking scary for Tweeter, which has already risen once from the grave. The company was purchased by a liquidator last night and the entire stock of goodies at the distribution centers has been forwarded to the retail stores. Sure, that's one way to shave $12 million off the operating costs, but asking manufacturers to ship to individual retail outlets probably isn't the most efficient way to run things. As if that's not bad enough, calls to the corporate office by TWICE have been greeted by a recording that states the corporate offices have been closed and then go unanswered. Optimists see this change in operations as a way for Tweeter to forge ahead, but this looks like a clear-out if you ask us. What's your take?

[Via CEPro]

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