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Selectadisc store succumbs to its losses.
Selectadisc owner Phil Barton has spoken of his deep-seated fears for Britain's independent music retailers after he was forced to pull the plug on his legendary Nottingham indie record store.
Selectadisc, which operates from a central Nottingham site, will now close at the end of March, after being run for several years at a loss. The news follows Music Week revealing last week that the number of independent retail stores in the UK has fallen by a quarter in the last year to just 305 outlets.
Barton, who also owns Sister Ray in London, says that he could no longer afford to keep the shop open. "I am not happy about it. My music career started in this shop 25 years ago," he says.
"The shop hasn't been profitable for a long time but we have struggled on. But there comes a time when you can't keep on doing it anymore."
Barton explains that high overheads - particularly city centre rent - falling music sales and the credit crunch have all contributed to the shop's demise.
And he paints a ...
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