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  1. #1
    Full Member
    Join Date
    January 18th, 2005
    Posts
    230
    Dear affiliates,
    We, at Tower Records, thank you for being a part of our affiliate program. Your continued usage of our links and banners has been very important to the sales on our website. We have come to a point where we are changing our affiliate program. We will be leaving Commission Junction on June 9, 2003.
    We will be opening a new program with Performics (www.performics.com). In looking at the lists of affiliates, most of you already have a partnership with them. We certainly hope that you will join us there.
    Our new goal is to create programs with affiliates that deal with the individuality of the sites. We will be setting up unique campaigns, and will offer our full catalog in links and in a complete file. We foresee, with this program, a great relationship which will really give us the chance work with each one of our affiliates to set up the best possible offers.
    Thank you for your continued support of Tower.com

    Thanks,
    Tower.com Affiliate Manager

  2. #2
    ABW Ambassador
    Join Date
    January 18th, 2005
    Location
    Sacramento, CA
    Posts
    1,263
    The next email will say,
    <BLOCKQUOTE class="ip-ubbcode-quote"><font size="-1">quote:</font><HR>
    We at Tower Records, thank you for being part of our affiliate program. Your continued usage of our links and banners has been very important to the sales on our website. We have come to a point where we must eliminate our affiliate program. We are bankrupt due people not wanting to pay our outrageously inflated prices.
    Thank you for your continued support of Tower.com. You'll see us again when we, and our piercings, come to you looking for a job.
    <HR></BLOCKQUOTE>
    hehehe

    FreeCallz.com

  3. #3
    Full Member
    Join Date
    January 18th, 2005
    Posts
    273
    I'm not seeing Tower at Performics. Does my site have to meet some sort of criteria to be able to see it in the list of merchants?

  4. #4
    Full Member
    Join Date
    January 18th, 2005
    Posts
    348


    They are just not there yet.

    Gene
    TCS

  5. #5
    Newbie
    Join Date
    January 18th, 2005
    Posts
    3,219
    Greetings Tower Records,

    Your numbers (EPC) are not what they should be. Affiliate marketing can take you over the top once you find an affiliate program you are comfortable with and settle in.

    The average settling time for each site is appx 3 months... You need to stay still?

    As an affiliates we need to make sure our hours of work to promote your product line will not require us to change our coding again due to your moving.

    Please sit still and have a bit of faith.

    My personal contribution: Your company does not pay enough of a commission to make it a viable source of income.

  6. #6
    Full Member
    Join Date
    January 18th, 2005
    Posts
    348


    Tower Records is now available and active on Performics. 15 return days and 4% commission.

    Kind of lean!

    Gene
    TCS

  7. #7
    I like traffic lights
    Join Date
    January 18th, 2005
    Location
    Southern hemisphere - away from Fukushima
    Posts
    2,936
    Tower used to run two seperate affiliate programs at CJ - one for towerrecords.com and one for towerrecords.co.uk.

    With the new Performics system, if someone from the UK goes to Tower via my link, then sees the link up the top right to towerrecords.co.uk, do I still get commission via Performics for the sale, or am I screwed (again) ?

    Jimmy James Inc. fan club membership # 3312

  8. #8
    ABW Ambassador Vrindavan's Avatar
    Join Date
    February 25th, 2003
    Posts
    1,902
    Hi

    Do you know if
    TowerRecords.co.uk
    in cj is still active in network ??

    They expire me on 6/15.

    http://8n.nu/

  9. #9
    I like traffic lights
    Join Date
    January 18th, 2005
    Location
    Southern hemisphere - away from Fukushima
    Posts
    2,936
    Posted on FC today:

    "Rumor has it Tower Records is in the process of filing for bankruptcy."

    ****************************
    Jimmy James Inc. fan club membership # 3312

    "But Jimmy had fancy plans, and pants to match"

  10. #10
    Full Member
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    January 18th, 2005
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    230
    Sources: Tower Records to Seek Chapter 11

    NEW YORK (Reuters) - MTS Inc., the parent of high-profile entertainment retailer Tower Records, plans to file soon for bankruptcy protection after failing to find a suitable buyer, people familiar with the situation told Reuters on Thursday.

    A Chapter 11 filing for protection from creditors by MTS would cap a long period of financial distress for privately held Tower, a chain of nearly 100 stores located mainly in the United States that sell music and video entertainment in various formats.

    The Chapter 11 fling will involve a major debt-for-equity swap that would likely switch control of the company from the founding Sacramento, California-based Solomon family to creditors that include bondholders and banks, sources said.

    Like other retailers in the recorded entertainment industry, Tower suffers from stiff competition from mass market retailers such as Wal-Mart Stores Inc. and high costs from retail leases. Digital downloading and file copying has hammered sales and led to widening losses, the company has said.

    The bankruptcy filing is likely to happen within the next week in Delaware, barring last minute hitches or objections from creditor groups working to hammer out the "prepackaged" bankruptcy plan. Most creditors appear to have agreed to the plan, sources said.

    The plan, which must be approved by a bankruptcy judge, won't involve significant store closings or employee layoffs, or even a liquidation, as some feared.

    But some observers say the long-term future of the glitzy store chain founded in 1960 is clouded, particularly due to competition from digital downloading, a medium that doesn't require expensive retail locations.

    "How do you compete with free?" asked William Brandt, chief executive of restructuring firm Development Specialists Inc., referring to competition from Internet music downloading. "They need to look for an industry-wide solution to the problem which they failed to lead. A better solution has to be found."

    Tower teetered toward bankruptcy last year when it defaulted on $5.2 million in coupon payments on a $110 million bond issue.

    It then hired investment bank Jefferies & Co. to help negotiate with bondholders and Los Angeles-based Greif & Co. to help find buyers under a forbearance agreement from lenders. The year before, it sold its top-performing Japanese division for $129 million, but the sale failed to stem a loss of sales due to shifting consumer demands.

    In a regulatory filing last April, MTS reported debt of $441.9 million, including $194.5 million in bank and bond debt, along with $247.4 million in operating leases.

    Sales for the nine months to April 2003 fell 9 percent to $429 million, while losses rose 47 percent to $36.3 million, said MTS in the filing.

  11. #11
    Full Member
    Join Date
    January 18th, 2005
    Posts
    230
    Sources: Tower Records to Seek Chapter 11

    NEW YORK (Reuters) - MTS Inc., the parent of high-profile entertainment retailer Tower Records, plans to file soon for bankruptcy protection after failing to find a suitable buyer, people familiar with the situation told Reuters on Thursday.

    A Chapter 11 filing for protection from creditors by MTS would cap a long period of financial distress for privately held Tower, a chain of nearly 100 stores located mainly in the United States that sell music and video entertainment in various formats.

    The Chapter 11 fling will involve a major debt-for-equity swap that would likely switch control of the company from the founding Sacramento, California-based Solomon family to creditors that include bondholders and banks, sources said.

    Like other retailers in the recorded entertainment industry, Tower suffers from stiff competition from mass market retailers such as Wal-Mart Stores Inc. and high costs from retail leases. Digital downloading and file copying has hammered sales and led to widening losses, the company has said.

    The bankruptcy filing is likely to happen within the next week in Delaware, barring last minute hitches or objections from creditor groups working to hammer out the "prepackaged" bankruptcy plan. Most creditors appear to have agreed to the plan, sources said.

    The plan, which must be approved by a bankruptcy judge, won't involve significant store closings or employee layoffs, or even a liquidation, as some feared.

    But some observers say the long-term future of the glitzy store chain founded in 1960 is clouded, particularly due to competition from digital downloading, a medium that doesn't require expensive retail locations.

    "How do you compete with free?" asked William Brandt, chief executive of restructuring firm Development Specialists Inc., referring to competition from Internet music downloading. "They need to look for an industry-wide solution to the problem which they failed to lead. A better solution has to be found."

    Tower teetered toward bankruptcy last year when it defaulted on $5.2 million in coupon payments on a $110 million bond issue.

    It then hired investment bank Jefferies & Co. to help negotiate with bondholders and Los Angeles-based Greif & Co. to help find buyers under a forbearance agreement from lenders. The year before, it sold its top-performing Japanese division for $129 million, but the sale failed to stem a loss of sales due to shifting consumer demands.

    In a regulatory filing last April, MTS reported debt of $441.9 million, including $194.5 million in bank and bond debt, along with $247.4 million in operating leases.

    Sales for the nine months to April 2003 fell 9 percent to $429 million, while losses rose 47 percent to $36.3 million, said MTS in the filing.

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