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FYE, Second Spin store closings

Old 12-06-15, 07:23 PM
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FYE, Second Spin store closings

FYE in Torrance, CA closing down in late January. Supposedly moving to new location in Fullerton. All DVDs/Blus/CDs/merchandise currently 30% off.

Second Spin in Sherman Oaks closing down in late January. All DVDs/Blus/CDs/merchandise currently 30% off.

Not sure if the other Second Spin or FYEs in CA are also closing down. Haven't had a chance to check. The FYE in Montebello just had a major remodelling, so I don't think they're closing anytime soon.
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Old 12-08-15, 10:11 AM
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Re: FYE, Second Spin store closings

I've been to the Torrance one occasionally. I'm very sorry to hear it, but thanks for the heads up.
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Old 12-15-15, 10:04 AM
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Re: FYE, Second Spin store closings

I was at my local FYE this weekend. No mention of it closing, and the staff knew nothing about it. Hopefully it is safe, as I enjoy browsing in there sometimes. And they always seem to have the limited editions well after anyone else. Probably because they charge list price for them.
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Old 01-03-16, 05:11 PM
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Re: FYE, Second Spin store closings

The trend is close any Transworld Entertainment (TWE) stores around the holiday season with the final day in January, usually at the end of a lease term. These stores are essentially at the mercy of their lease. Knowing when store leases are ending is a good indicator of how long a particular store will stay around. With the better overall economy, landlords are increasing lease rates or opting to go with more lucrative tenants, so TWE just closes the store, even if they could be pulling a profit under more favorable terms.

I know at least one TWE store that has closed with the promise of re-opening in a new location, the Santa Monica Second Spin, but that did not materialize.

I recall the Torrance in FYE being the only store that opened when all the other SoCal TWE stores were closing, which was odd back in 2007 or so (that store was down the street from another TWE store, the last "Wherehouse", which apparently closed last year.)

Closings are also hush hush, no existing store is told about and, if aware, will not really acknowledge the closing of another store.

TWE was great about closing under-performing stores during the recession, and coupled with the fact that no one was really increasing rent during the recession, managed to stay on and afloat when everyone else (e.g. Tower) was closing or limiting physical media retail space. TWE actually posted a profit at some point to everyone's surprise.

I know Amoeba is doing great and I think LA could sustain another destination physical media store like it. If TWE could, they should just consolidate everything into a single large store. Maybe take over the historic Tower records in Hollywood.
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Old 01-14-16, 07:16 AM
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Re: FYE, Second Spin store closings

Our one and only FYE is closing this month on January 26th. I went in their yesterday and everything was 50% off list price. That made their prices seem even more ridiculous since I could buy everything in their store on Amazon for a better price even after their 50% discount. Who the hell would shop there?
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Old 01-14-16, 10:44 AM
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Re: FYE, Second Spin store closings

Originally Posted by Spiderbite View Post
Who the hell would shop there?
No one. It's the main reason why this relic of a retailer is going down. I'm surprised how long it has taken them. I don't understand at all why instead of evolving with technology and the way they do business, these retailers stay the course until their backs are against the wall.
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Old 01-19-16, 09:22 PM
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Re: FYE, Second Spin store closings

Much like Blockbuster and the like, it's all about the execs don't want to take a pay cut. So they ride it out till the ship goes down. They know they've been riding the gravy train for years and most of them aren't smart enough to adapt, just want to take the money and run.
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Old 01-20-16, 12:35 PM
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Re: FYE, Second Spin store closings

The final day for the Torrance, CA store is supposed to be Saturday. I went yesterday and all media is still the 40% off it's been since around/before Christmas, yet they've still sold maybe 60% or more of all that was there. Maybe the discount will drop again before the end, but I doubt it. I guess they're willing to keep more of the inventory as long as people are buying at 60% of msrp.

I picked up a few things, a couple of oop discs (The Dark Knight Trilogy: Ultimate Collector's Edition BD), and a couple that were lower than Amazon has ever had them (like Leverage S3 dvd for $9 w/slip), but it took far more time than it was worth to sort through everything.
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Old 01-20-16, 12:49 PM
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Re: FYE, Second Spin store closings

The closest FYE to where I live is in Fullerton, CA

I've gone there many times over the years to sell things and once upon a time they had decent sell back prices, but not so much anymore. I guess that shouldn't be surprising with too much product out there.

I also think the prices for their Used product is a little inflated. Some of the prices for the Used DVDs or BDs or almost the same as new product that can be bought from Amazon.

I wouldn't really miss FYE if in the future they were gone for good. The days of stores like this and their usefulness are pretty much a memory now.
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Old 03-02-16, 06:25 AM
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Re: FYE, Second Spin store closings

Another FYE closed, in Bradenton, FL. Of course I found this out after I drove the 30 miles hoping to score some deals.
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Old 03-05-16, 11:16 PM
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Re: FYE, Second Spin store closings

Does anyone know if the Second Spin in Costa Mesa is still going?
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Old 03-05-16, 11:38 PM
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Re: FYE, Second Spin store closings

Originally Posted by Traxan View Post
Does anyone know if the Second Spin in Costa Mesa is still going?
Yelp says it's still open.
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