J&R Closes Lower Manhattan Store After 43 Years

The business opened on Park Row in 1971

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    NEWSLETTERS

    A mom-and-pop shoe store, a landmark bookseller, and a major music and electronics hub that has been around for decades are all closing their doors in Manhattan. Some economists call it a continuing sign of a new trend away from the brick-and-mortar shop. Andrew Siff reports. (Published Thursday, Apr 10, 2014)

    J&R, the electronics store, released a statement Wednesday saying it was closing its Lower Manhattan store after 43 years in business.

    The business, which opened on Park Row in 1971, said in a statement on its website that it would close its doors as of Thursday.

    The company said its current location would be rebuilt into "an unprecedented retailing concept and social mecca," but did not make clear what the timeline was for the redevelopment.

    According to J&R's website, the store evolved from a basement record shop into a block-long store.

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