It employs 6-10 people and has $0M-$1M of revenue. Plano, Texas . "trans world, musicland up; music retailers seen favorable." Goody was perplexedI thought [records] went out with the dodo birds, he saidbut promised to deliver for his customer. In a plea agreement, the company pled no contest and was fined $10,000 for transporting counterfeit Grease soundtracks from Queens to Minnesota. Harrison, New Jersey 07029 What does Goody pay for this product to be able to sell it for less than I can buy it? one competitor complained to Billboard Music Week in 1962. It is considered a superior technology to VHS video and laser discs. Sign up! They became known for highly knowledgeable staff, all request sound systems, getting new releases first, and giving away free licorice. Under Sun Capital, the company closed more stores and tried to get the business back to basics, but ultimately the challenges of competition and lackluster music industry releases[citation needed] proved too much and in January 2006, The Musicland Group filed for Chapter 11 bankruptcy. Then, in 1978, Sam sold the entire chain to the American Can Company. In an attempt to keep up with its rivals, Sam Goody tried to compete with discount music stores, but wound up squandering revenues and profits. By 2006, the stores were sold to another competitor, Trans World Entertainment. The last Sam Goody holdout, located in San Diego, shuttered its windows on Halloween 2012. Selected Sam Goody stores featured promotional booths highlighting artists heard on NetRadio. Overall, music sales rose by about 7 percent in 1997, indicating that the industry still had room for sales growth. The suit alleged that more than 100,000 illegal tapes had been sold at Sam Goody stores, resulting in lost revenue of more than $1 million for artists like Olivia Newton-John, Paul McCartney, Billy Joel, and Paul Simon. //