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World's Oldest Record Store in Peril Bookmark and Share Posted Mon Dec 18, 2006, 10:24 AM ET

A music store dating from the age of the wax cylinder is threatened with closure in Cardiff, the capitol of Wales. Spillers was founded in 1894 and has survived the 78, the LP, the 45, and the CD (and still sells all but one of those formats). In fact, even in the new era of downloads, the beloved shop has been holding its own. What's threatening to engulf it is not technological, but economic, change. Efforts to attract investment to the city have succeeded a little too well, with two giant shopping developments opening up near Spillers. If the landlord follows through on his threat to raise the rent, owner Nick Todd—who left his secure bank job 31 years ago for a job at the shop—will have to close. Petitions are flying around. One has attracted signatures from half of the Welsh National Assembly (would that our own Congress were so hip) and another has garnered 2000 other signers. Says Todd: "If it all goes belly-up we've had a great time. I'd still rather own Spillers than Virgin." (Click here and scroll halfway down for Wes Phillips' tribute to Tower Records. I had no idea that the hundreds of $2 classical LPs I'd bought at the Tower Annex were stocked by "Analog George" Stanwick.)

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