Having had a relationship with them from the late 60's to the late 90's*, I find this disheartening. Having seen it in it's glory days, through the seventies and early 80's when the groovy audio stuff was hitting, and finally seeing the decline from the late eighties, through the nineties and this century, I can't say I didn't see it coming. They lost their focus and the big box stores and the internet all combined for the perfect storm.
I worked for them in 67 -68, 76 - 77, 81 -84 and finally from 96 - 2000