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Roman Guitars Closing
(Port Washington, NY - June 15, 2007) As a correction to yesterday’s news writeup, Ed Roman said his store did not go out of business. Instead, the Las Vegas-based Ed Roman Guitars, known as “The World’s Largest Guitar Store,” began closing out the store’s inventory on June 13. This comes six months after Roman sold the business to a company operating area car dealerships. Nine employees were let go in May, followed by 13 more on June 13. The layoffs came as a result of liquidating the assets. This statement is accurate, however Ed Roman was mistakenly attributed to making this comment. The Music & Sound Retailer regrets that error.
A car dealership will likely replace his store, due to the potential for more profits. However, the store is not expected to close until after Christmas, when a massive holiday sale will take place.
Ed Roman is in the process of buying my name back. He didn’t sign any non-compete clause, so he plans to downsize and reopen a store within 60 days, although it won’t be as large as his last one.
Roman Guitars Closing
(Port Washington, NY - June 15, 2007) As a correction to yesterday’s news writeup, Ed Roman said his store did not go out of business. Instead, the Las Vegas-based Ed Roman Guitars, known as “The World’s Largest Guitar Store,” began closing out the store’s inventory on June 13. This comes six months after Roman sold the business to a company operating area car dealerships. Nine employees were let go in May, followed by 13 more on June 13. The layoffs came as a result of liquidating the assets. This statement is accurate, however Ed Roman was mistakenly attributed to making this comment. The Music & Sound Retailer regrets that error.
A car dealership will likely replace his store, due to the potential for more profits. However, the store is not expected to close until after Christmas, when a massive holiday sale will take place.
Ed Roman is in the process of buying my name back. He didn’t sign any non-compete clause, so he plans to downsize and reopen a store within 60 days, although it won’t be as large as his last one.
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