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FYE (retailer)

2428392, Inc. (doing business as FYE, the initials for For Your Entertainment) is an American chain of entertainment retail stores headquartered in Albany, New York. Formerly owned by Trans World Entertainment, it began in 1993 and was expanded in 2001, 2006, and again in 2009 after buying out and rebranding mall-based stores Camelot, Sam Goody, Spec's Music, Strawberries, Record Town, Coconuts, DiscJockey, Saturday Matinee, The Wall, Suncoast Motion Picture Company, Musicland and Media Play, His Master's Voice stores. There are 206 locations as of May 2019. As of 2023, FYE is a unit of 2428392, Inc. and retained its headquarters.

2428392, Inc.
Logo as of 2017
FYE
IndustryRetail
Founded1993; 30 years ago (1993) (as f.y.e.)
Trumbull, Connecticut, US
HeadquartersAlbany, New York, U.S.[1]
Number of locations
210 (as of 2021)
ProductsCDs, vinyl records, Ultra HD Blu-ray, Blu-ray 3D, Blu-ray/DVDs, electronics, video games, merchandise, candy
ParentTrans World Entertainment (1993–2020)
Sunrise Records (2020–present)
Websitefye.com
Logo used from 2001 to 2017

History

The first FYE store opened in 1993 at the Trumbull Mall in Trumbull, Connecticut.[2][3] A second opened in 1995 at Eastview Mall in Victor, New York, and a third at Colonie Center in Colonie, New York in 1997.[4]

In 2001, Trans World unified its other mall-based stores under the "f.y.e." name after buying out Camelot Music. During that year, a major re-branding campaign made f.y.e. the brand name for all of Trans World Entertainment's mall-based retail stores as well as many freestanding locations, though some freestanding or strip mall stores continued to operate under regional brands like Planet Music. In 2016 the company changed the store and website branding to "FYE".

In 2006, Trans World began remodeling buildings that were former Coconut stores and Media Play outlets near Salt Lake City, Utah and Buffalo, New York into FYE superstores. In 2009 FYE closed over 100 locations[5] and 52 more in 2012.

2016 saw Trans World opening new FYE concept stores in multiple locations (such as the Rockaway Townsquare in Rockaway, New Jersey), with a new logo and look, a larger focus on pop-culture related items, an expanded selection of vinyl records and modern turntables, while the selection of Blu-rays, DVDs and CDs has been reduced.

In March 2017, FYE founder and CEO Bob Higgins died. Higgins was responsible for the creating the FYE brand as well as maintaining its profitability and therefore its status as the last remaining music chain store.[6]

In November 2018, FYE's parent company was accused in federal court of deceiving customers by asking them to sign up for "free" and/or "loyalty" membership programs and magazine subscriptions while charging their credit and debit cards $11.99 per month until customers cancelled the services. Another allegation was that customer information was shared with marketing company Synapse without customer consent.[7][8]

In 2018, 33 FYE stores were closed, and 35 more were scheduled to be closed before the end of Trans World's fiscal year on February 2, 2019.[9]

In 2020, Sunrise Records announced and later finalized their purchase of FYE from TWEC.[10][11]

Nameplates

Though the majority of chains acquired by parent company Trans World Entertainment were completely converted into FYE stores, several chains have had a handful of stores kept open, though otherwise being stocked and operated the same as a traditional FYE except for the nameplate. These are:

See also

References

  1. ^ "FYE Corporate Office Headquarters". CorporateOfficeHeadquarters.com. Retrieved 9 October 2015.
  2. ^ "A mass-market push for interactive CD-ROM". USA Today. 11 November 1993. Retrieved 19 August 2011.[dead link]
  3. ^ Fitzpatrick, Eileen (5 July 1997). "Trans World at 25". Billboard. Vol. 109, no. 27. pp. 68, 75, 76.
  4. ^ Moore, Deborah (19 May 1997). "New FYE store eyes Colonie site". Albany Business Review. Retrieved 5 March 2022.
  5. ^ Churchill, Chris (12 November 2009). "Trans World to close 125 FYE stores". Albany Times Union. Retrieved 14 January 2011.
  6. ^ Christman, Ed (2 March 2017). "Bob Higgins, Pioneering Founder of Trans World and FYE, Dead at 75". Billboard. Retrieved 15 January 2019.
  7. ^ Posses, Shayna. "FYE Must Face The Music For Bogus 'Free' Offers, Suit Says". Law360.com. Retrieved 15 January 2019.
  8. ^ Honaker, Brigette (19 November 2018). "FYE Class Action Challenges Loyalty Program and Magazine Subscription Charges". TopClassActions.com. Retrieved 15 January 2019.
  9. ^ DeMasi, Michael (November 2, 2018). "Trans World gets OK from creditor to close more FYE stores". Albany Business Review. Retrieved April 11, 2019.
  10. ^ Slingerland, Calum (23 January 2020). "Sunrise Records to Acquire U.S. Entertainment Chain FYE". Exclaim!. Retrieved 3 February 2020.
  11. ^ "$10 million sale of the FYE retail chain approved". Albany Business Journal. 18 February 2020. Retrieved 2020-03-04.
  12. ^ "Suncoast". The Mall at Fairfield Commons. Retrieved January 19, 2021.{{cite web}}: CS1 maint: url-status (link)

External links

  • Official website

retailer, other, uses, disambiguation, this, article, needs, additional, citations, verification, please, help, improve, this, article, adding, citations, reliable, sources, unsourced, material, challenged, removed, find, sources, retailer, news, newspapers, b. For other uses see FYE disambiguation This article needs additional citations for verification Please help improve this article by adding citations to reliable sources Unsourced material may be challenged and removed Find sources FYE retailer news newspapers books scholar JSTOR December 2010 Learn how and when to remove this template message 2428392 Inc doing business as FYE the initials for For Your Entertainment is an American chain of entertainment retail stores headquartered in Albany New York Formerly owned by Trans World Entertainment it began in 1993 and was expanded in 2001 2006 and again in 2009 after buying out and rebranding mall based stores Camelot Sam Goody Spec s Music Strawberries Record Town Coconuts DiscJockey Saturday Matinee The Wall Suncoast Motion Picture Company Musicland and Media Play His Master s Voice stores There are 206 locations as of May 2019 As of 2023 FYE is a unit of 2428392 Inc and retained its headquarters 2428392 Inc Logo as of 2017Trade nameFYEIndustryRetailFounded1993 30 years ago 1993 as f y e Trumbull Connecticut USHeadquartersAlbany New York U S 1 Number of locations210 as of 2021 ProductsCDs vinyl records Ultra HD Blu ray Blu ray 3D Blu ray DVDs electronics video games merchandise candyParentTrans World Entertainment 1993 2020 Sunrise Records 2020 present Websitefye comLogo used from 2001 to 2017 Contents 1 History 2 Nameplates 3 See also 4 References 5 External linksHistory Edit FYE store Tower City Center Cleveland Ohio The first FYE store opened in 1993 at the Trumbull Mall in Trumbull Connecticut 2 3 A second opened in 1995 at Eastview Mall in Victor New York and a third at Colonie Center in Colonie New York in 1997 4 In 2001 Trans World unified its other mall based stores under the f y e name after buying out Camelot Music During that year a major re branding campaign made f y e the brand name for all of Trans World Entertainment s mall based retail stores as well as many freestanding locations though some freestanding or strip mall stores continued to operate under regional brands like Planet Music In 2016 the company changed the store and website branding to FYE In 2006 Trans World began remodeling buildings that were former Coconut stores and Media Play outlets near Salt Lake City Utah and Buffalo New York into FYE superstores In 2009 FYE closed over 100 locations 5 and 52 more in 2012 2016 saw Trans World opening new FYE concept stores in multiple locations such as the Rockaway Townsquare in Rockaway New Jersey with a new logo and look a larger focus on pop culture related items an expanded selection of vinyl records and modern turntables while the selection of Blu rays DVDs and CDs has been reduced In March 2017 FYE founder and CEO Bob Higgins died Higgins was responsible for the creating the FYE brand as well as maintaining its profitability and therefore its status as the last remaining music chain store 6 In November 2018 FYE s parent company was accused in federal court of deceiving customers by asking them to sign up for free and or loyalty membership programs and magazine subscriptions while charging their credit and debit cards 11 99 per month until customers cancelled the services Another allegation was that customer information was shared with marketing company Synapse without customer consent 7 8 In 2018 33 FYE stores were closed and 35 more were scheduled to be closed before the end of Trans World s fiscal year on February 2 2019 9 In 2020 Sunrise Records announced and later finalized their purchase of FYE from TWEC 10 11 Nameplates EditThough the majority of chains acquired by parent company Trans World Entertainment were completely converted into FYE stores several chains have had a handful of stores kept open though otherwise being stocked and operated the same as a traditional FYE except for the nameplate These are Coconut s Evansville Indiana Sam Goody St Clairsville Ohio and Medford Oregon Suncoast Motion Picture Company Beaumont Texas Omaha Nebraska and Jacksonville North Carolina 12 See also EditSuncoast Motion Picture Company Sam Goody Camelot Spec s Music Musicland Media PlayReferences Edit FYE Corporate Office Headquarters CorporateOfficeHeadquarters com Retrieved 9 October 2015 A mass market push for interactive CD ROM USA Today 11 November 1993 Retrieved 19 August 2011 dead link Fitzpatrick Eileen 5 July 1997 Trans World at 25 Billboard Vol 109 no 27 pp 68 75 76 Moore Deborah 19 May 1997 New FYE store eyes Colonie site Albany Business Review Retrieved 5 March 2022 Churchill Chris 12 November 2009 Trans World to close 125 FYE stores Albany Times Union Retrieved 14 January 2011 Christman Ed 2 March 2017 Bob Higgins Pioneering Founder of Trans World and FYE Dead at 75 Billboard Retrieved 15 January 2019 Posses Shayna FYE Must Face The Music For Bogus Free Offers Suit Says Law360 com Retrieved 15 January 2019 Honaker Brigette 19 November 2018 FYE Class Action Challenges Loyalty Program and Magazine Subscription Charges TopClassActions com Retrieved 15 January 2019 DeMasi Michael November 2 2018 Trans World gets OK from creditor to close more FYE stores Albany Business Review Retrieved April 11 2019 Slingerland Calum 23 January 2020 Sunrise Records to Acquire U S Entertainment Chain FYE Exclaim Retrieved 3 February 2020 10 million sale of the FYE retail chain approved Albany Business Journal 18 February 2020 Retrieved 2020 03 04 Suncoast The Mall at Fairfield Commons Retrieved January 19 2021 a href Template Cite web html title Template Cite web cite web a CS1 maint url status link External links EditOfficial website Retrieved from https en wikipedia org w index php title FYE retailer amp oldid 1131257217, wikipedia, wiki, book, books, library,

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