J&R to Shut Doors Thursday
Friedmans plan new retail concept for 2015April 9, 2014 By Stephen Silver
J&R Music and Computer World, which took up a block on Lower Manhattan's Park Row for the past 43 years, will shut its doors Thursday, in order to make room for development of what the owners hope will become an "unprecedented retailing concept and social mecca," according to a letter posted Wednesday on store doors and the store's website by owners Rachelle and Joe Friedman.
The letter stated that the site must be "totally remained and redeveloped." A J&R source told us that the ideas for the new concept are still being developed, but would include partners in addition to the Friedmans.
J&R, which began as a record store in 1971, eventually expanded to the entire block while building a robust online business, selling consumer electronics in addition to music and computers. The store, located a block from the World Trade Center site, famously remained in business following the Sept. 11, 2001, terrorist attacks, becoming a symbol of the resilience of both the downtown area and the city itself.
"We want to thank the customers, staff and vendors for what has been an incredible 43 years and helping make J&R Music and Computer World the legendary iconic store that makes us so proud," the Friedmans wrote, also thanking customers for their patience during the transition.