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Sam Goody is an American music and entertainment retailer, founded in New York City in 1951, named after its founder Sam Gutowitz.
In 1976, the chain was purchased by Musicland. From 1990 to 1999, the chain traded in the United Kingdom. In 2006, TransWorld Entertainment (parent of FYE) purchased Sam Goody from the administration of Musicland, and between 2007 and 2008, converted most of the Sam Goody stores toFYE stores.
, there is only one SamGoody store left within the UnitedStatesin the RogueValley Mall in Medford, Oregon, which is owned by FYE owner, Doug Putman.
Later, the Sam Goody name was applied to a chain of record stores established in1951 by Gutowitz. In1959, a group of creditors took over the company to collect $2.4million indebts (equivalentto $ in).
In 1978, the company was acquired by the AmericanCan Company (later renamed Primerica), the owners of Minneapolis-based Musicland, Goody's rival. SamGoody continued to grow through both acquisitions and organic growth, including the launch of its website. The stores averaged but varied in size from . The Musicland Group was once the largest music retailer in the UnitedStates, operating at its peak more than 1300stores, over800 of them SamGoody's, and earning over $2billion in annual revenue.
In 1986, SamGoody's corporate parent Musicland purchased the -based LicoricePizza chain and 26other recordstores from for $13million (equivalentto $ in). The LicoricePizza stores were rebranded as SamGoody the following year.
In March 2006, TransWorld Entertainment, which had been acquiring their competitors for several years, announced the purchase of 400 SamGoody and Suncoast stores. TransWorld kept 345 of the stores open and closed55. In late2006, TransWorld began changing the names of SamGoody stores to f.y.e., the company's signature retail store. TransWorld retained the SuncoastMotion PictureCo. name on about 170stores.
Trans World has announced their intention to focus on the f.y.e. brand and convert all SamGoody stores to f.y.e stores in the future. By February2009, TransWorld had removed the SamGoody brand from its corporate website. They kept a large store in SanDiego branded SamGoody due to the cost of changing the signs until late2012.
By late 2015, TransWorld had an operational SamGoody store in the Centreof Tallahassee in Tallahassee, Florida. The last recorded instance of this store was in an snapshot of the Centreof Tallahassee website from April4, 2016, only to disappear by April30.
In February 2020, TransWorld sold SamGoody's parentFYE to SunriseRecords for $11million (equivalentto $ in).
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