just a press release I happened noticed today.

http://www.chron.com/disp/story.mpl/ap/b...13870.html

Quote:Handleman Co. is selling its North American music distribution business to a Texas company in a move that will eliminate 260 jobs mainly in Michigan and Indiana.

The Troy-based company said Monday it has agreed to sell its music inventory and other assets related to its Wal-Mart business to Anderson Merchandisers L.P. of Amarillo, Texas.
Bentonville, Ark.-based Wal-Mart was Handleman's biggest U.S. customer.

President and CEO Albert Koch says Handleman is leaving the North American market because CD sales have fallen at double-digit rates for several years, both industry wide and at its customers' stores.

Handleman says most of the 260 jobs to be cut are at company headquarters in Troy and at its distribution facility in Indianapolis.

Significant for me because I am a vendor compliance associate at the company that is buying Handleman's assets. We are immediately starting to service 1200 stores that used to be serviced by Handleman.

Lot of overtime for me until we adjust to the extra volume.