Dimple rumored to be buyingPosted on May 12, 2010 – 11:50 PM | by OldManFoster
R5, which Solomon opened at 16th and Broadway immediately following the demise of his Tower Records chain, had been foundering in the double-whammy of recession and a dwindling market for music product. Lately R5 had shifted focus toward vinyl, the only musical format that is seeing growth. I suspect that the departure of Dal Basi, longtime buyer for both Tower and R5, who is leaving R5 to start a boutique vinyl shop in Midtown may have hastened Solomon’s decision.
Unconfirmed rumors point to the Dimple Records chain as a buyer for the store.