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|Articles - September 2012|
|Monday, August 27, 2012|
Page 1 of 3
BY CHRISTINA COOKE
Behind the sales counter along the back wall of Clinton Street Record & Stereo, an ’80s synth-funk album spins on the turntable beside R. Jared White. A DJ whose expertise ranges from gangsta rap to goth, White and his business partner opened the Southeast Portland record store two years ago despite the fact that record stores everywhere else were closing.
Since music moved from physical to digital formats in the early 2000s, the record-store industry in the U.S. has been struggling. The number of record stores has declined an average of 22% per year over the past five, according to industry analyst IBISWorld, and it’s expected to continue declining an average of 4% per year until 2017.
White wasn’t worried about his venture, though, because he considers what he sells a completely different product — much more tangible — than a downloaded song.
“You can pretty much touch the music,” he explains, reaching over and scratching the spinning record.
Despite the doom and gloom in the industry as a whole, Portland’s independent record-store scene has burgeoned over the past few years. Of the 25 independent record shops within the city limits, 13 have opened over the past decade, eight in the past six years.
In addition to Clinton Street, establishments such as Exiled Records, Mississippi Records, Record Room, Beacon Sound, Boom Wow! Records and Little Axe Records have set up shop since the industry began to plummet.
“It’s the inverse of what’s happening everywhere else,” says Eric Isaacson, who opened Mississippi Records in 2003. “I don’t understand it, exactly.”
Distinct from the larger, older Portland music shops like Music Millennium, Everyday Music and Jackpot Records, which are established cultural entities with loyal clientele, most of the music shops in the new wave share a number of characteristics. They are tucked into physically small spaces. They sell almost exclusively vinyl, both new and used. Their owners, who can usually be found working the sales floors, are die-hard music lovers who carefully curate their collections and stock deep rather than broad.
Each shop distinguishes itself from others by specializing in a certain type of music — be it punk, psychedelic, electronic, rock or world — though the owners’ personalities also set each apart. Selections range from the $1 to $2 records in the discount bins to the $10 to $20 standard fare to $100-plus collectors’ items. And while the shops make enough money to perpetuate themselves, they don’t make much more.
“They’re all squeaking by,” Isaacson says. “It’s less a money-making thing and more a cultural thing.”
Wednesday, July 09, 2014
BY LINDA BAKER | OB EDITOR
Scott Kveton, the CEO of Urban Airship is taking a leave of absence from the company. As the story continues to unfold, here’s our perspective on a few of the key players.
Friday, June 27, 2014
BY JASON NORRIS | OB BLOGGER
Over the last several months we have seen a wave of cross-border acquisitions, primarily U.S.-based companies looking to purchase non-U.S.-based companies. There are a few reasons for this, but the main culprit is the U.S. corporate tax system. The United States has one of the highest corporate tax rates in the world.
Thursday, June 19, 2014
BY MONICA ENAND | GUEST CONTRIBUTOR
Nine tips for building habits among employees to respond when needed.
Friday, May 30, 2014
Watch the 2014 100 Best Green Companies keynote speech by Eric Friedenwald-Fishman.
Tuesday, July 08, 2014
BY LINDA BAKER | OB EDITOR
The New Yorker recently published a sharply worded critique of “disruptive innovation,” one of the most widely cited theories in the business world today. The article raises questions about the descriptive value of disruption and innovation — whether the terms are mere buzzwords or actually explain today's extraordinarily complex and fast changing business environment.
Update: We caught up with Portland's Thomas Thurston, who shared his data driven take on the disruption controversy.
Tuesday, June 03, 2014
Citing the transition to catch shares management as a key to rebuilding stocks and reducing bycatch, 13 species caught by the West Coast trawl fishery today earned designation from the Marine Stewardship Council (MSC) as sustainable.
Friday, July 18, 2014
BY JASON NORRIS | OB GUEST CONTRIBUTOR
Back in May, we shared a common Wall Street quote about investing, “Sell in May and go away.” Fast forward to July and the most common question we have been getting from clients is, “When is the market pullback going to occur?”
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