Strictly Discs
While attending the University of Madison-Wisconsin as a journalism and marketing major from 2003-2006, Rick Stoner fondly remembers roaming the aisles of Strictly Discs ā the Monroe Street record store he acquired from longtime owners Ron and Angie Roloff last fall ā just as the world was on the cusp of the digital music explosion.Ā Ā
āStrictly Discs is where I bought CDs before I had an iPod,ā Stoner says. āThatās another way of saying that Iām 40 years old.āĀ
Buying the beloved local business, which Ron opened in 1988 as a single-level, 800-square-foot shop (he later expanded it by converting the storeās 1,700-square-foot basement level into a retail space) was a full circle moment for Stoner ā albeit not one he actively sought out. āI was not looking for a record store,ā he says. āI was looking for a business at a certain price point. And the fact that I saw this listing was a very happy coincidence.āĀ
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The relatively quick five-month acquisition process concluded exactly one year ago, on Halloween 2023. And in January, after serving in advisory roles for three months during the handoff, the Roloffs fully exited the business (which was a subject of Billboardās āIn a Pandemicā series from 2020 to 2021) to officially embark on their retirement, leaving Stoner to pilot the future of a store that has been a part of Madisonās cultural heart for 36 years. Itās a legacy he doesnāt take lightly, and, to foster a sense of continuity, he felt it was important to keep as many of the storeās existing staffers on board as possible.Ā
Record Store Day 2024 at Strictly Discs in Madison, Wis.
Courtesy of Strictly Discs
āRetaining the team has been really my number one priority,ā Stoner says. āMaintaining the business, maintaining the customers ā to me, all those things are achievable if youāre retaining the brain trust and knowledge and vibe that comes with the team that has been there for a long time.ā The storeās entire staff stayed on after the acquisition, including longtime employees Evan Woodward ā who now serves as GM and runs the shop on a day-to-day basis ā and Mark Chaney, who fills the role of assistant GM. āEveryoneās worked together really well,ā Stoner adds. āI think they appreciate maybe a different approach to things, a little more structure, and I certainly appreciate the knowledge of music that they bring.āĀ
Stonerās 18-year background as a high-level advertising executive focused on management and new business development at companies including Brado, Derse, BBN and Bader Rutter makes him well-equipped to expand into new areas and supercharge what the store was already doing well. One of the first changes under his purview was instituting a new inventory management system that would be capable of handling the shopās roughly 500,000 used vinyl records in addition to new product (he chose a system that was originally designed for grocery stores).Ā
Another major item on Stonerās to-do list was already in motion prior to his acquisition of the business: the conversion of 1,000 square feet of the 5,000 square foot Strictly Discs warehouse in neighboring Cambridge, Wis., into a second retail location, which officially opened Oct. 19 on a Wednesday-Sunday schedule (a grand opening is slated for sometime in November after the storeās permanent exterior sign is installed). āWe have plenty of customers that arenāt in downtown Madison, and it takes them a while to drive downtown through traffic, find parking,ā he says of opening the new storefront. āNow those people will be able to come here. And I also think weāll be serving a rural customer that maybe just isnāt exposed to the cultural curiosities that come with a record store.āĀ
Stoner is currently looking at creative strategies to build interest and excitement in the new location, including giving customers access to the music loverās paradise contained in the back 4,000 square feet of the building, which boasts the majority of the businessā used product. Though Stoner has yet to settle on what that would look like, some ideas include quarterly bin-picking days and a ābuy a crate and fill the crateā promotion.Ā
Opening day at Strictly Discsā new retail location in Cambridge, Wis.
Courtesy of Strictly Discs
Strictly Discsā mountain of used product is one of the businessā key strengths. Beginning in 2010, Ron Roloff focused his energies on acquiring large private music collections in Wisconsin and beyond, leading the store to become known as the home of a treasure trove of hard-to-find records in all different genres. āI think what sets us apart is the volume and quality of more niche genres: jazz, classical,ā says Stoner. āWe have an extensive soundtrack collection that, before buying the business, I never could have imagined or guessed how well that does for us.āĀ
Those used records are key to another major initiative Stoner has in mind: creating a subscription model that would allow customers to choose a certain number of new or used records per month ā which would require integrating the storeās website with the Shopify platform ā and either pick up their chosen product in-store or have it delivered to their homes. The idea was partially inspired by similar plans offered by the likes of Vinyl Moon and Vinyl Me, Please ā though, as Stoner points out, those companies donāt allow customers the kind of choice Strictly Discs can offer. āIf youāre paying $50 or $100 a month, especially if you live in a rural area, the record store is coming to you,ā he says. āAnd I donāt see a lot of shops doing that.āĀ
With a goal of launching some iteration of the subscription model during this yearās holiday shopping season, Stoner and his employees are currently focused on what he calls āthe Herculean effortā of cataloging the storeās warehouse inventory. Stoner aims to initially target customers within Wisconsin but outside of Dane County (where Madison is located), drawing interest through targeted ads online and via the storeās email newsletter. āI think my main concern about it is that it doesnāt cannibalize our store,ā he says. āSo my hope is someone could subscribe to that, pick up things in store, they would get a discount in store for being a member, and it would allow us some growth and customer loyalty.āĀ
Stacks of used vinyl at the Strictly Discs warehouse in Cambridge, Wis.
Courtesy of Strictly Discs
The focus on getting the subscription plans off the ground ties in with Stonerās overarching goal of beefing up Strictly Discās e-commerce efforts. On that front, the Roloffs were already ahead of the game, with a sales mix of 70% in-store and 30% online (within that, the mix is 90% vinyl and 10% CDs; while 65% of vinyl sales are new product.) āIāve learned that thatās pretty atypical,ā he says. I think [we have] the highest online [sales percentage], at least of record stores in our coalition [the Coalition of Independent Music Stores].ā And in the long term, heās looking to flip those stats on their head: āI want that 70-30 to look like 20-80 without hampering the growth of the store,ā adds Stoner, whoās hoping to triple the storeās business through online sales.Ā
The plans donāt end there. In addition to supersizing the storeās Record Store Day activities ā this year, the store closed down part of Monroe Street with the cityās permission and threw a block party for the event ā heās looking to launch pop-up record shops at music festivals and other events outside of Madison to extend the physical storeās geographic reach.Ā
For all of his ambitious plans, the storeās longtime customers probably wonāt notice much of a difference. Like Ron, Stoner is currently intent on keeping Strictly Discs a pure music shop, steering clear of merch sales and other non-music items ā which would be difficult to institute in any event, he says, given the shopās relatively small footprint ā and keeping intact what people loved about it in the first place.Ā
ā[In] our main record shop in Madison ā¦ almost nothing has changed, and thatās been intentional,ā Stoner says. āItāll be a staple of the community for the next 36 years, just like it has been the last 36 years.āĀ
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Ron and Angie Roloff, owners of Madison, Wis.-based record store Strictly Discs, have sold the business after 35 years.
Stepping in as the storeās new president/owner is Rick Stoner, who takes over following an 18-year marketing agency career. The Roloffs will continue in their day-to-day roles through the end of 2023 before assuming an advisory relationship with Strictly Discs starting next year as they transition into retirement.
āAngie and I are grateful to our staff and customers, who weāve had the privilege to work with for 35 years,ā said Ron in a statement.
Stoner has served in several vp-level leadership, business development and digital and event marketing roles at prominent consumer brands. Heās a 2006 University of Wisconsin-Madison graduate and a board member at Communications Arts Partners (CAPs), an alumni organization that supports the universityās communications arts department.
āIāve been a Strictly Discs customer since I was a student here in Madison,ā said Stoner in a statement. āI view the store as everything right about the culture of the Madison community and look forward to maintaining that presence. Entrepreneurship has long been a destination for me and my family. Owning Strictly Discs is a dream come true. I canāt wait to meet our dedicated and loyal customers and get to work with our team to grow the business.ā
The acquisition includes nearly half a million records, carefully curated over close to four decades. The business will maintain an e-commerce presence, which Stoner views as a key area for growth initiatives such as a subscription-based record club as well as pop-up, event-based record stores.
In June 2024, Strictly Discs is slated to open a second retail location in nearby Cambridge, Wis. in a space that hosts the majority of the storeās inventory.
Several Strictly Discs employees will remain with the business following the transition. They include 14-year employee Evan Woodward, who leads the buying team and works the front counter, as well as assistant manager Mark Chaney. Joining the team are Dru Korab, a record collector, DJ, media production professional and Stonerās college classmate who will step into a part-time operations role in addition to his minority investment in the business. Also holding a minority investment is Stonerās friend Kyle Nakatsuji, founder/CEO of Clearcover, principal at American Family Ventures and a graduate of the University of Wisconsin-Madison Law School.
Opened in 1988, Strictly Discs was a subject of Billboardās āIn a Pandemicā series from 2020-2021. During this time, Angie discussed the challenges she and Ron faced and the creative solutions they employed at the store during the height of the COVID-19 pandemic.
Angie tells Billboard that an evaluation of Strictly Discsā worth, performed during the pandemic, āplanted the seedā that ultimately led her and Ron to sell the business. After listing it in early May, they were approached by Stoner in June; a letter of intent was signed in July. The deal finally closed on Oct. 31.
Starting next year, Ron will continue on with the store in an outside buying capacity, while Angie will serve as the āboots on the groundā for the Milwaukee-based Stoner when heās not in Madison, she says. āWeāre invested in his success because weāve lent him money as part of this process,ā Angie continues. āSo weāre definitely not leaving and weāll be available to him really in any capacity that he needs us for.ā
Angie says Stoner brought a good mixture of knowing what made the business work while proposing solid ideas about where it could grow: āHe already understood that the things that have made Strictly Discs successful are the people and the product and certainly the experience. I think he respects all of that, and he knows that there are areas that he wants to grow the business but he doesnāt want to fundamentally change what weāve already done.ā
At the heart of Strictly Discsā more than three-decade run is a love story: Angie and Ron met at Strictly Discs in 1994, when Angie was a customer and Ron was working the front counter. In the years since, says Angie, the store has become their baby.
āWe donāt have kids and so itās kind of like Strictly Discs takes that place,ā Angie says, adding that with both she and Ron being āsuper high-strung type A personalities,ā even while on vacation, they would end up talking about the store. āThatās the part of it that Iām looking forward to having go away,ā she says.
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