A week ago, the Albany-based music, video and games retailer won approval in U.S. Bankruptcy Court to buy 400 stores from Musicland Holding Corp. for $104 million. Musicland owns Sam Goody and Suncoast stores.
Trans World will keep 345 of the stores open around the country and close 55.
Sam Goody has about 90 mall stores. Trans World will hold off on changing the name of the free-standing Sam Goody locations, said Chief Financial Officer John Sullivan. (From Times Union, Albany NY newspaper 3/29/06)