After more than 20 years as one of Dallas' best and longest-standing music stores, CD Source on Greenville Avenue will close. Owner Lance Price announced the closure with a note on Facebook. A staffer said that the closure could happen as soon as October.
"Sadly, the wonderful run of over 20 years we have had will soon be coming to a close," Price said. "If someone had told me in 1993 that the store would be still be open in 2014, then I would have taken it in a heartbeat."
"If someone had told me in 1993 that the store would be still be open in 2014, then I would have taken it in a heartbeat," said owner Lance Price.
The store's lease was up for renewal, and the landlord found a better-paying tenant. "After evaluating all of my options, I have made the most difficult decision that closing the store is the most practical," Price said.
He was offered an alternative location down the street but deemed the space to be too small.
Price said that sales of records and CDs have dropped considerably since the 2003 invention of iTunes, but there is still a sizable population of customers over 30 who prefer to get their music on a hard format. In addition to CDs, the store also sold video games, movies and vinyl records. It had one of the most dynamic selections of used CDs, thanks to a savvy staff that weeded out less-significant releases from customers trying to sell.
Price gave credit to store manager Larry Hanover, who worked at the store nearly the entire time it was open and helped collect the CDs to open the store; and to assistant manager Kevin Myers, who worked there for 16 years.
Aside from the merchandise, there's something irresistible about the cool atmosphere of a record store, like a library with music. CD Source's departure leaves Half Price Books and Good Records as the two major places to buy CDs, although vinyl stores such as Off The Record have opened, and the DMN reports that a large new store called Josey Records is opening this fall.
Price said that CD Source will be running specials and discounts, hosting in-store performances, and a few other things to offer customers a chance to come and say goodbye to the store and staff.