I haven’t spotted any official word on the web about it, but my very reliable source (i.e. fellow music-geek friend of mine and former colleague) Steve H. writes on Facebook….
Sick to my stomach over J&R Music going under….Not sure if it's all or just music. But I'd heard awhile ago that they were in bankruptcy, and I was there a few days ago and the fourth floor of the music store was "closed for renovation," which bummed me out because that's where the jazz and classical had moved and they're having a 30% off sale. So I called today to ask whether it had reopened, whether I could somehow buy any jazz there, and was told they don't have ANY jazz anymore. I have been shopping there for 34 years.
Much like Steve, I too have been a longtime shopper at J&R. While, no, it was never my first stop on the Manhattan circuit of record and disc outlets (it being way the Hell down on Park Row, after all), they had a solid, dependable and relatively wide-ranging selection of titles, regardless of the genre you were looking for.
And, as someone else on that thread pointed out, if it’s true, when it’s gone, it will mark the end of the multi-purpose record/disc shop in Manhattan.
Be prepared to pour one out.