Via the Other Music website:
It is with heavy hearts that we share the news that after more than 20 years in New York City, Other Music will be closing our doors on Saturday, June 25th. It’s been an incredible run for us, and we cannot thank you enough for the support and inspiration that you’ve given us over these past two decades. We’ve learned so much from you and are so grateful to have had your trust, curiosity, and passion as we’ve discovered and explored so much great music together since we first opened back in December of 1995. Times have changed, and soon we will be moving on, but in the coming weeks we hope you’ll come by and see us, dig through our racks, and reminisce about what has been a truly special era for all of us. We’ll also be announcing more events and celebrations soon, so stay tuned. Once again, thank you, from the bottom of our hearts.
The store's label, Other Music Recording Co. will continue.
Per The New York Times:
“We still do a ton of business — probably more than most stores in the country,” said Josh Madell, 45, a co-owner of Other Music, from behind the counter last week. “It’s just the economics of it actually supporting us — we don’t see a future in it. We’re trying to step back before it becomes a nightmare.”
Business has dropped by half since the store’s peak in 2000, when it did about $3.1 million in sales, said Chris Vanderloo, who founded the shop with Mr. Madell and Jeff Gibson after the three met as employees at the music spinoff of Kim’s Video in the early ’90s. (Mr. Gibson left Other Music’s day-to-day operations in 2001.)
Rent, on the other hand, has more than doubled from the $6,000 a month the store paid in 1995, while its annual share of the building’s property tax bill has also increased with the local real estate market.
The store is located on East Fourth Street between Lafayette and Broadway.