Sam the Record Man is, no longer there. After 63 years or retailing music to Canadian's the chain has finally gone bust. Owing about $15 million dollars to creditors, and $8 million to the Sniderman family, the chain declaired bankruptcy late October, weeks before the prime Christmas season. Eleven franchised stores will be left un affected by the bankruptcy, but 30 corporate-owned stores will be set to liquadate.
Competators include Music World Ltd., Sunrise Records, HMV Canada Ltd.