CALIFORNIA | LOCAL
January 10, 2001 |
Three gunmen are wanted in connection with a series of robberies at Radio Shack and Wherehouse Music stores in the Los Angeles area, police said Tuesday. Los Angeles police say the men began their robberies Oct. 19 and have hit 30 stores. Surveillance cameras show three men using semiautomatic handguns to rob the shops during business hours. No one has been injured so far. The suspects are described as 25 to 30 years old with black hair and brown eyes.
March 2, 2000 |
In a deal underscoring how traditional retailers and online sites are continuing to seek ways to enhance each other's businesses, Wherehousemusic.com and Checkout.com, the entertainment and e-commerce site funded by Michael Ovitz and supermarket magnate Ron Burkle, will announce today the closing of a $40-million merger of the two sites. Under terms of the deal, Torrance-based Wherehouse Entertainment will invest $20 million in cash in Checkout.com for a roughly 50% stake. Burkle's Yucaipa Cos.
November 17, 1999
Keeping pace with the trend of retailers and Internet firms joining forces to cash in on each other's customer base, Wherehouse Music and entertainment Web site CheckOut.com announced a $40-million partnership. Wherehouse will invest $20 million in Beverly Hills-based CheckOut.com, and Yucaipa Cos. and Hollywood super-agent Michael Ovitz will plow the other $20 million into the Web firm. CheckOut.com sells movies, music and games and offers a range of information on entertainment figures.
August 20, 1998 |
Browsing through the music selections at Tu Musica, a new store in La Puente, Monica Cruz found a "Banda" recording for her father, ballads under the "Romantica" section for her mother and some "Rock en Espanol" for herself. "There's a lot here," she said, pointing to music category signs such as "Norteno" and "Regional Mexicano" in the CD bins. "You can't find this kind of selection at the major chains." Except that Tu Musica isn't another neighborhood music store.
August 12, 1998 |
Viacom Inc. on Tuesday agreed to sell its lackluster Blockbuster Music chain to Torrance-based Wherehouse Entertainment Inc. for $115 million in cash, in a deal that would catapult Wherehouse into the ranks of the nation's leading music retailers. With the acquisition of Blockbuster Music--the sister chain of Viacom's Blockbuster Video chain--Wherehouse will go from regional retailer to the country's No. 2 music chain, ranking only behind the Minnetonka, Minn.-based Musicland Stores Corp.
May 13, 1998 |
Wherehouse Entertainment, the Torrance-based music retailer, reportedly made an offer to purchase the Blockbuster Music chain from Viacom Inc., according to sources and a story in Tuesday's Daily Variety. Though representatives of Viacom and Blockbuster would not confirm the reports, the 400-store chain--sister to the Blockbuster Video chain--is said to have been courting buyers. In 1997, the unit reported a $2.5-million loss and shuttered 77 stores.