In August 2000, it was announced that the
Warrington and
Doncaster stores were to close. With supermarkets getting even cheaper and increased competition from
online stores, the chain started to flounder. When major competitors, such as HMV or Virgin, were present, their campaigns were better than Andy's, and recent chart albums were available at much lower prices, due to their bulk buying power. The chain's marketing was not up to the standard of the bigger chains. After more store closures in 2001 and 2002, the chain was down to a roster of just under 30 stores and lost its claim to be the largest independent chain, being replaced by the up-and-coming
Music Zone. Following a disappointing Christmas in 2002, Gray decided to go back to his roots and started to sell imports at cut-throat prices. Thousands of titles were slashed in price in January 2003, many normally retailing at £10.99 were reduced to £6.99, and £15.99/£16.99 became £10.99/£12.99. Around this time, the chain had a minor facelift with new styling and decor in most stores and new uniforms for staff. The changes were too little, too late, and the company fell into
administration in May 2003 with around 20 stores still trading. All stores were put up for sale as a
going concern. Both HMV and Virgin looked at stores but decided not to purchase. In July 2003, southern England-based music retailer Powerplay bought four stores (Lowestoft, Bedford, Hull and Loughborough) from the administrators. The company purchased a further two (Hereford and Worcester) in September 2003. All stores have since shut their doors and Powerplay now concentrates on online sales under the name Powerplay Direct although it has now opened a new store in Leicester. After some immediate closures due to unprofitability, the chain was whittled down to 10 and started to sell all of its stock at discounted prices. All stores eventually shut on Saturday 13 September 2003, although the
Beverley store was eventually bought by its management team. It stayed open till late 2005. Andy Gray continues to run a successful
reissue record label,
BGO Records, from Bury St Edmunds (actually behind the old Andy's Records head office). The initials 'BGO' are shared with 'The Beat Goes On', the name of Andy's former second-hand, rare and deleted specialist shop in Cambridge. BGO is now the fourth largest reissue label in the UK and specialises in niche genres. ==See also==