Comstock's magazine 1019 - October 2019 | Page 53

Customers look for bargains at Dimple Records in Roseville in July (left). Dimple brought in a liquidation company to help sell inventory at its seven stores, including the Arden Way location (above). photos by matthew keys one of several tactics Dimple used to stave off competition from digital and streaming music formats. Another one: buying used records, CDs and tapes (and eventually movies, games and books) from the public. “When I started at Dimple, we were almost 99 percent new (inventory). When we bought something from a vendor, we’d owe money on that,” says Brian McCulloch, Dimple’s market- ing manager who started as a clerk in 1987. “If someone stole something, our margin on that is so low, we’d have to sell five of those to make up for that.” Andrew says the labels made it tough for independent store owners like Dimple to turn a profit. The suggested retail price of a CD was around $25.99 in the 1980s, he estimates, while the cost to the store was around $14 or $15. Dimple would often sell for well-below MSRP — around $20 at the most, but sometimes even lower. And they were often stuck with inventory because they had to pay up front. But the margins on used media is bet- ter — buy an album from a customer for a few bucks, sell it to another customer for a few dollars more. What opened the door for Dimple to sell used albums was the popularity of record clubs like Columbia House: Members were lured by the appeal of buying 12 CDs for a penny, even though they had to purchase additional CDs at full MSRP. Customers came into Dimple asking to get a re- fund on those marked-up CDs they got through the record clubs or seeking to swap a copy of an unopened CD for a dif- ferent album. “We can’t buy that, we can’t send it back, we can’t sell it, because it says Columbia House,” Dilyn says. But they could buy it from the customer if the CD was opened — as a used item. Dimple gave customers $1 or $2 (or more if they opted for store credit) for a CD, then resold it as a used item for a little more than $5 (the Radakovitzs unanimously agree that entering the used-media market is likely the reason Dimple outlived Tower Records, whose inventory was almost exclu- sively new. Tower Records filed for bankruptcy in 2006). The idea of buying and selling used items caught on with other independent stores, but labels didn’t like the practice. In the early 1990s, they enacted a policy that threatened to withhold popular new albums from retail outlets that sold used CDs. The label’s biggest backer of the policy was coun- try superstar Garth Brooks; he relented after the Federal Trade Commission launched an investigation into alleged price-fixing by music labels. The labels lost that battle, but it wasn’t the only one Dimple and others faced. In 2016, the music industry de- cided new albums would be released on Friday instead of Tuesday. Labels said the move was intended to help gen- erate buzz behind popular acts like Taylor Swift and Lady Gaga in the era of streaming music. Dilyn says it was a harmful move for record stores because it meant stores had to wait out the weekend before they could restock popular albums, suggesting the labels were moving away from re- tail distribution altogether. October 2019 | comstocksmag.com 53