Tweeter chirps its swan song

Steven Kim
S. Kim|12.17.08

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Steven Kim
December 17th, 2008
Tweeter chirps its swan song

The trials and tribulations of corporate bankruptcy have come to an end for Tweeter. The firm was granted Chapter 7 status, presumably allowing the stores to be reopened, but a recent filing makes it clear that this plan has gone up in smoke due to the associated expenses and logistical difficulties. So now it's for the trustee, one George Miller, to vacate as many retail locations as possible, clear out unsold inventory, empty the corporate offices and even pick up the keys to company vehicles; all by December 31, in time for the warehouse sale. Given the developments on the company's website, this end is probably for the best -- except for employees who reportedly have not been given their bonuses or vacation time pay. Tweeter, we hardly knew ye.

[Image courtesy highfihoney]
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