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  September 5, 2001
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Home > Company Index > Specialty Retail > Music, Video, Book & Entertainment Software Retailing & Distribution > Musicland Stores Corporation

Musicland Stores Corporation
 NEWS FROM THE STANDARD
Sony Bets on E-Commerce
Jul 24 2000 12:00 AM PDT

 PROFILE
Musicland Stores puts an entertaining spin on its business. The company operates more than 1,300 stores, including nearly 700 mall-based Sam Goody and Musicland stores, which sell music, videos, and related items. (Most stores now operate under the Sam Goody banner.) A subsidiary of electronics retailer Best Buy, the company also operates more than 400 Suncoast Motion Picture Company stores (videos, DVDs, and movie-themed apparel), also located in malls. Outside the mall, its Media Play superstores (and smaller On Cue stores in less-populated areas) offer music, videos, books, and software. Musicland also sells merchandise through its Web sites. Best Buy bought the company in January 2001.

 COMPETITION
MTS, Incorporated (dossier)
Trans World Entertainment Corporation (TWMC)
Wal-Mart Stores, Inc. (WMT)

 DEALS
Deal: RealNetworks Allies With Musicland
Date Announced: 02.29.00
Value of transaction (US $Mil): 0
Description: Streaming media provider provides customized digital music and promotion services through RealJukebox.

Search all deals for this company

 FINANCIAL OVERVIEW
Fiscal Year-End: December
1999 Sales (mil.): 1,891.80
1-Yr. Sales Growth: 2.4%
Employees: 15,900
Revenue per employee: $118,981.13

 KEY PEOPLE
• Kevin Freeland
    CEO
• Keith A. Benson
    CFO

 CONTACT INFO
10400 Yellow Circle Dr.
Minnetonka, MN 55343
US
Phone: 952-931-8000
Fax: 952-931-8300
Online: Web Site

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