145:
228:
Tweeter continued expanding largely through acquisitions, the first of these being Bryn Mawr Stereo in 1996. It then added
Atlanta-based HiFi Buys in 1997, San Diego based DOW Stereo/Video in 1999, Chicago-based United Audio Center and Douglas TV stores in 2000 and Florida-based Sound Advice in
281:
filings the previous day which revealed it was planning to use the ticker symbol "TWTR" (Tweeter's ticker symbol before its original bankruptcy filing), which apparently led to confusion among some investors. Shortly after the incident, the company's ticker symbol was changed to "THEGQ".
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sales in anticipation of the holiday season. However, a dispute among creditors regarding operating cash to continue the sales forced the closure of all stores on
December 3, 2008, the firing of all 600 employees and the company filed a conversion of its Chapter 11 reorganization to a
264:
On
October 4, 2013, more than six years after selling its assets (and almost five years after the Tweeter chain shut down for good), shares of TWTR Inc. (at that point still listed under "TWTRQ") were trading for as much as 1 500% above the previous day's closing price
232:
In March 2007, Tweeter announced the closing of 49 stores and the layoffs of 650 employees, and shuttered all of its stores in
California and most of its stores in the Southeast. In June 2007 Tweeter Home Entertainment filed for
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protection and its assets were purchased by
Schultze Asset Management at auction on July 13, 2007, after a failed reorganization plan. Schultze reformed the company as Tweeter Opco LLC.
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liquidation. Customers reported paid goods and deposits were part of frozen assets which eventually forced them to file as creditors in the liquidation.
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550:"Tweeter Home Entertainment Group Announces an Agreement in Principle to Acquire Douglas TV, the Big Screen Store, A Four-Store Chain Located in Chicago"
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After an attempt to revive the company, Tweeter Opco filed for
Chapter 11 on November 5, 2008. Prior to filing the company had started
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2001. These acquisitions gave
Tweeter an instant presence in the Southeast and Midwest during a booming housing market.
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426:"Tweeter Home Entertainment Group Announces an Agreement to Acquire DOW Stereo/Video, Inc. in San Diego, California"
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Following the original 2007 Chapter 11 filing and sale of assets to
Schultze, the original Tweeter company (now a
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and more. It also focused much of its business on custom installation of electronics for homes and automobiles.
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0.15 vs $ 0.007). It ultimately closed at $ 0.051 (a gain of over 684%), after trading was halted at 12:42pm
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167:, was a specialty consumer electronics retailer providing mid and high end electronic equipment, including
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The company had more than 100 stores in 18 U.S. states, mostly along the east coast, but also including
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The company was founded by Sandy and
Michael Bloomberg who opened the first store in the
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776:"A Stock Called 'TWTRQ' Was Up As Much As 1,500% Because People Thought It Was Twitter"
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This article is about the defunct retail chain. For the loudspeaker driver, see
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682:"Are the Days of Knights Over? Lack of Liquidity Stymies Chapter 11 Cases"
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1220:
List of banks acquired or bankrupted during the Great
Recession
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386:"Tweeter etc. parent company acquires Atlanta-based HiFi Buys"
184:
1421:
Defunct consumer electronics retailers in the United States
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area in 1972, and the company quickly expanded throughout
34:"Douglas TV" redirects here. For TV topics "Douglas", see
1086:
Dodd–Frank Wall Street Reform and Consumer Protection Act
321:
HFN The Weekly Newspaper for the Home FurnishingNetwork
1456:
Companies that filed for Chapter 11 bankruptcy in 2008
1451:
Companies that filed for Chapter 11 bankruptcy in 2007
1197:
National fiscal policy response to the Great Recession
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Companies that filed for Chapter 7 bankruptcy in 2008
16:
Defunct electronics retail chain in the United States
461:"Tweeter to Acquire United Audio Centers in Chicago"
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700:"Tweeter Closes Suddenly, Stuns Workers, Customers"
659:"Tweeter Files Bankruptcy Again, Closing 94 Stores"
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1446:Companies that have filed for Chapter 7 bankruptcy
1316:(Europe, Middle East and North Africa, Asia; 2009)
261:) remained active, having been renamed TWTR Inc..
23:. For social networking site of similar name, see
725:"Bankruptcy trustee: Tweeter stores won't reopen"
365:"Boston chain's HiFi buy may be sealed in spring"
210:, operating under the names Tweeter, HiFi Buys,
1167:American Recovery and Reinvestment Act of 2009
1032:Office of Federal Housing Enterprise Oversight
1426:Defunct retail companies of the United States
813:
8:
1091:Emergency Economic Stabilization Act of 2008
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680:Sawczuk, Maria Aprile (February 19, 2009).
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1182:Fraud Enforcement and Recovery Act of 2009
1121:
1106:Term Asset-Backed Securities Loan Facility
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708:. Boston. December 3, 2008. Archived from
317:"Tweeter Etc. Purchasing Bryn Mawr Stereo"
49:
42:
1362:Effects of the Great Recession on museums
1192:Housing and Economic Recovery Act of 2008
1076:China–Japan–South Korea trilateral summit
1466:Defunct companies based in Massachusetts
1056:Government policy and spending responses
1022:Government National Mortgage Association
652:
650:
506:"Douglas TV Purchased For $ 5.7 Million"
1476:2008 disestablishments in Massachusetts
1441:Retail companies disestablished in 2008
1116:2008 United Kingdom bank rescue package
612:"Tweeter Group To Acquire Sound Advice"
526:"Tweeter Completes Douglas TV Purchase"
486:"New owner likely to grow United Audio"
290:
1431:American companies established in 1972
631:Del Colliano, Jerry (March 26, 2007).
585:Pounds, Marcia Heroux (June 5, 2001).
1101:Temporary Liquidity Guarantee Program
1071:Banking (Special Provisions) Act 2008
992:Federal Deposit Insurance Corporation
406:"Tweeter to Acquire DOW Stereo/Video"
7:
1471:1972 establishments in Massachusetts
1436:Retail companies established in 1972
987:Consumer Financial Protection Bureau
688:. Turnaround Management Association.
657:Pardy, Sasha M. (November 7, 2008).
384:Mccloy, Andrew P. (March 17, 1997).
1277:Collateralized mortgage obligations
753:Securities and Exchange Commission
723:Reidy, Chris (December 18, 2008).
363:Murray, Brendan (March 17, 1997).
299:"Archived Company "About Us" Page"
102:Sandy Bloomberg, Michael Bloomberg
14:
1372:2007–2008 world food price crisis
1172:Chinese economic stimulus program
1157:2008 European Union stimulus plan
1081:Commercial Paper Funding Facility
774:Kovach, Steve (October 4, 2013).
459:Iverson, Jon (January 23, 2000).
1400:List of countries by public debt
1027:National Asset Management Agency
686:The Journal of Corporate Renewal
558:. August 3, 2000. Archived from
484:Baeb, Eddie (February 7, 2000).
1355:2008 Central Asia energy crisis
1272:Collateralized debt obligations
633:"Tweeter To Close 49 Locations"
587:"Sound Advice Agrees To Buyout"
1162:2008–2009 Keynesian resurgence
1007:Federal Housing Finance Agency
1002:Federal Housing Administration
534:. October 2000. Archived from
432:. May 18, 1999. Archived from
340:"Bryn Mawr Stereo Stores Sold"
1:
1177:Economic Stimulus Act of 2008
1111:Troubled Asset Relief Program
1037:Office of Financial Stability
1012:Federal Housing Finance Board
946:Société Générale trading loss
338:DeWolf, Rose (May 17, 1996).
277:had released its preliminary
1096:Irish emergency budget, 2009
610:Wolf, Alan (June 11, 2001).
592:Fort Lauderdale Sun Sentinel
323:. April 8, 1996 – via
138:100 (at the time of closure)
745:"Current Report (Form 8-K)"
637:Audio|Video Revolution
212:Showcase Home Entertainment
1492:
1395:2007–2008 financial crisis
1287:Mortgage-backed securities
898:Automotive industry crisis
165:Tweeter Home Entertainment
33:
18:
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1292:Secondary mortgage market
1213:rescues, and acquisitions
1211:Government interventions,
1202:Zero interest-rate policy
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913:Housing market correction
62:Limited liability company
48:
1310:(United States; c. 2009)
1042:UK Financial Investments
927:Banking losses and fraud
918:Subprime mortgage crisis
903:California budget crisis
491:Crain's Chicago Business
370:Atlanta Business Journal
36:Douglas (disambiguation)
29:Tweeter (disambiguation)
1328:(worldwide; 2011–2012)
1267:Auction rate securities
997:Federal Home Loan Banks
391:Boston Business Journal
345:Philadelphia Daily News
279:initial public offering
1017:Federal Reserve System
891:United States-specific
538:on September 27, 2013.
153:
150:Durham, North Carolina
27:. For other uses, see
1367:Decline of newspapers
1314:2009 May Day protests
1260:and financial markets
1150:Stimulus and recovery
599:on December 20, 2014.
473:on December 20, 2014.
242:going out of business
235:Chapter 11 bankruptcy
147:
1390:European debt crisis
1282:Credit default swaps
1258:Securities involved
1064:stability and reform
712:on December 4, 2008.
643:on October 12, 2007.
562:on December 20, 2014
436:on December 20, 2014
352:on January 21, 2016.
305:on October 11, 2007.
181:home theater systems
78:Consumer electronics
1350:2000s energy crisis
1062:Banking and finance
980:Government entities
134:Number of locations
45:
1332:Occupy Wall Street
1308:Tea Party protests
966:Scott W. Rothstein
755:. February 8, 2008
663:CoStar Retail News
214:and Sound Advice.
154:
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1377:Retail apocalypse
1322:(MENA; 2010–2012)
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1125:Bank stress tests
669:on July 22, 2012.
514:. August 4, 2000.
325:HighBeam Research
148:Tweeter store in
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123:Headquarters
58:Company type
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1320:Arab Spring
1229:Non-banking
961:Tom Petters
566:December 2,
466:Stereophile
440:December 2,
411:Stereophile
223:New England
159:, formerly
69:(TWTR Inc.)
67:Corporation
1415:Categories
787:October 4,
759:October 5,
286:References
200:California
177:car radios
173:plasma TVs
127:Canton, MA
118:Bankruptcy
939:Tom Hayes
836:By region
253:TWTR Inc.
247:Chapter 7
1236:Chrysler
848:Americas
749:TWTR Inc
192:Illinois
74:Industry
882:Oceania
875:Iceland
208:Arizona
157:Tweeter
107:Defunct
99:Founder
87:Founded
44:Tweeter
25:Twitter
21:Tweeter
870:Europe
843:Africa
705:WBZ-TV
219:Boston
204:Nevada
92:Boston
90:1972 (
81:retail
617:TWICE
531:TWICE
196:Texas
1137:U.S.
865:Asia
789:2013
761:2013
568:2014
442:2014
267:US$
206:and
185:GPSs
163:and
115:Fate
110:2008
271:EDT
1417::
1132:EU
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