Mars Music Files Bankruptcy, Announces LiquidationLast week, Mars Music announced that it had filed Chapter 11 bankruptcy. The company announced today that four 30,000-square-foot superstores are being 10/02/2002 8:00 AM Eastern
Last week, Mars Music announced that it had filed Chapter 11bankruptcy. The company announced today that four 30,000-square-footsuperstores are being shuttered and sold to the bare walls byFlorida-based Stampler Auctions.
Each stores contain about $1 million in inventory, at cost, as wellas state-of-the-art retail fixtures and equipment.
The schedule for sale is:
Memphis on Monday, October 7 at 10 a.m.
Somerville (Boston) on Monday, October 14 at 10 a.m.
Southfield (Detroit) on Thursday, October 10 at 10 a.m.
Natick (Boston) on Wednesday, October 16 at 10 a.m.
Contact Harry Stampler/Martin Claire of Stampler Auctions at800/330-BIDS or online at www.stamplerauctions.com.