All Things Must Pass The Rise And Fall Of Tower... 【RECOMMENDED】

Retailers like Best Buy and Walmart began using CDs as "loss leaders," selling them below cost to lure customers into stores, making Tower’s premium prices look unsustainable.

In the mid-90s, the industry was booming thanks to the CD—a high-margin product that forced consumers to rebuy their entire libraries. This windfall created a sense of invincibility. Tower’s leadership largely ignored the early warning signs of the digital revolution, dismissing the internet as a niche hobby rather than a fundamental shift in how humans consume media. The Fall: A Perfect Storm All Things Must Pass The Rise and Fall of Tower...

The company’s aggressive expansion left it with no financial cushion when sales began to dip. Retailers like Best Buy and Walmart began using