Another piece of Toronto history is dissapearing this weekend as Steve's Music at 415 Queen Street West closes its doors today after nearly 49 years in business.
Here's the sad statement:
Customers / Friends,
For over six decades Steve's Music Store, has been a pillar of the music community. Passionately serving multiple generations of musicians in Montreal, Toronto, Ottawa and across the world from our five locations.
We have a long and storied history from our humble beginnings in 1965 at a single store front on Craig St. (Saint Antoine St.) in Montreal. We expanded that location to a city block and subsequently moved to our current home on St Catherine's street. We opened our Toronto store in the 1970s on Queen St. W. alongside the explosion of Toronto's music community and rise of the punk movement. We continued to expand in the 1980s with the opening of a location in our nation's capital and in the 2010s with the opening of our Montreal satellite stores.
It is with a heavy heart that we have taken the difficult decision to undertake a formal restructuring. Over the past several years, we have operated in an environment marked by significant disruption across the sector. These changes had an immediate and negative impact on our performance. Despite various efforts to adapt, we continue to face mounting financial pressure, which, after reviewing all our options, ultimately led to the current restructuring proceedings.
We will be conducting an in-store liquidation sale and, over the coming months, will close certain locations. Through this process, we are looking to emerge as a leaner and focused company to continue serving you.
From all of us at Steve's Music Store
Thank you for your continued support during this difficult period.
