Thursday, December 04, 2008

That's Not Tweeting We Can Believe in

Tweeter closes.

Tweeter, a national electronics chain that entered the Philadelphia market in 1996 by buying high-end rival Bryn Mawr Stereo, abruptly converted its bankruptcy case to Chapter 7 liquidation Tuesday. It then closed its 70 stores and fired more than 600 employees.

The chain had been set to shut its doors for good this weekend.

Employees said they were still owed vacation time, at least one week's pay, and bonuses that were promised as part of the liquidation sale. They also said customers were not able to pick up merchandise they had already purchased.