Independent Records closing in August

Categories: Hearsay

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Independent Records at 937 East Colfax is closing next month. The store, which opened in August, 2000, next to the Ogden Theatre, is having a closing sale with some merchandise discounted 20 to 40 percent. The Denver store is slated to close at the end of August, but it may be earlier as sales are swift. Lewis Lambert, one of Independent's three owners, can't say exactly who will move into the space, but from the sounds of it, there's a very strong possibility that it might be another local music retailer.

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Lambert, who opened the first Independent Records location with his partners in Colorado Springs in 1978, said they were in a position to purchase the building that houses Colfax location about five years ago. At the time, though, the owners of the building had some differences to settle before Independent could buy the building.

"Then, October of 2008 hit," Lambert recalls, "and we all know what happened after that. Everything went south and we just couldn't get financing, et cetera, et cetera. Then when there was resolution between the owners, we could not get financing to purchase the building."

Part of Independent's business plan, says Lambert, is that they own all of their own buildings. Out of the four locations in Colorado Springs, one in Pueblo and one in Fountain, the company owns five of those buildings. "It doesn't take a genius to figure out if you own your building, you control your rent, and when you control your rent, you control more or less a certain very important equation of what it takes to keep a business open."

Although the Denver location is closing because Lambert and company were not able to purchase the building, there are no plans to close any of the other locations. In fact, Lambert says another Colorado Springs location is being scoped out.

"Our intent is that in pulling out of the Denver market, we'll turn around an increase our exposure in the Colorado Springs metro market," Lambert says. "We've had an incredible loyal Capitol Hill community base there. Hey, it's been a great store for us. What can I say? But like in the ways of a lot of brick and mortar, we feel that we can be in a better position in relocating what is left over inventory-wise and fixtures and equipment-wise to a very strong location in Colorado Springs."

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Location Info

Map

Independent Records - CLOSED

937 E. Colfax Ave., Denver, CO

Category: General

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27 comments
Axel Morlotte
Axel Morlotte

Where am I gonna buy my neon-backlit black panther posters and knee-long Scarface shirts, now...? ;(

loboeye
loboeye

Twist and Shout is better.

Kacey Beth Stringham
Kacey Beth Stringham

NOOOOO! THis sucks, I have always bought my concert tickets here! It seems that technology is not always good.

Sean H Currier
Sean H Currier

Woah, that sucks. Its always been the place to go for music and used dvd's.

Mary Montaño
Mary Montaño

My best memories are meeting Brotha Lynch Hung at a meet n greet, getting stalked from that store, to the 7-11, to Wax Trax by a street weirdo, and getting drunk in line, conversing with bums, while waiting for many, many shows at The Ogden:)

Kate Siegert
Kate Siegert

That is just not right! Cheapo Discs and now Independent Records.

marc_bayes
marc_bayes

The future of business is not in stone and mortar shops and these guys know it. It's great that their other stores are doing really well. One day they could not. With the ability to get music instantly online it's amazing that they even still exist as a stone and mortar building. Just look at Blockbuster. 

Kym Bloom
Kym Bloom

They used to advertise with us when I worked at the UCD Advocate. Sad :(

Lisa Wolf DeWitt
Lisa Wolf DeWitt

article says "Lewis Lambert, one of Independent's three owners, can't say exactly who will move into the space, but from the sounds of it, there's a very strong possibility that it might be another local music retailer." Maybe Atomic Records coming back? Can't see T&S opening another location there. Hmmm...

Louis Lieb
Louis Lieb

East Colfax seems to be getting too gentrified for its own good.

Brooke Trotter
Brooke Trotter

Why?! We can't lose more local stores to big corporations!

Kelly McFeely
Kelly McFeely

WTF!!!! Seriously? One of the best music/record stores in all of Denver.... sooooooo sad :(

Lisa Wolf DeWitt
Lisa Wolf DeWitt

no. the article says they are thinking of opening a 2nd there, as a matter of fact

Lisa Wolf DeWitt
Lisa Wolf DeWitt

first Atomic Records and now this. @ Andrew some of us still like to go and browse these stores and interact with actual humans instead of buying everything online and purchasing downloads.

JP Thomason
JP Thomason

Is the one in co springs closing too?

steppesmusic
steppesmusic

Always been a big supporter of Independent Records, having grown up near Colorado Springs.  However, when my interests shifted to vinyl ten years ago, they didn't meet my needs anymore.  Wax Trax and Twist and Shout are just better record stores, and have adjusted with the demand of the modern music listener.

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