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The decision ends local control of a company Robert J. Higgins, who retired in and died three years later at age 75, was succeeded as CEO by Michael Feurer. An experienced retail executive, Feurer tried to turn the business around by focusing more on trendy, pop culture merchandise, but the bottom line continued to suffer.
Total revenue in the third quarter that ended Nov. The brick-and-mortar retail chain has seen its sales suffer over the past five years because of the growing popularity of digital music, competition from big-box stores, and the recession. Following this latest round of closures, the company will have stores. Most operate under the FYE or Suncoast brands.
The stores being closed range in size from 2, square feet to a nearly 50,square-foot FYE Superstore in Riverdale, Utah.
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