Toronto's Sam the Record Man closing

Sam the Record Man, a Yonge Street staple since 1961 and once Canada's top music retailer, will be closing its doors for good next month.

Citing ubiquitous music downloads, Jason and Bobby Sniderman, the sons of Sam Sniderman and present owners of the flagship Toronto store, said rarely does a day go by without a story about declining CD sales.

“We are making a responsible decision in recognizing the status of the record industry and the increasing impact of technology,” said Bobby Sniderman in a press release.

He would not elaborate when reached by telephone Tuesday.

The store will close June 30.

Internet downloading has claimed another casualty: the landmark Sam the Record Man store on Toronto's Yonge Street is shutting its doors next month.

Jason and Bobby Sniderman, the sons of Sam Sniderman and present owners of the downtown store say their decision reflects the increasing impact of technology on the record industry.