Following the lead of No Depression and countless other record stores in the past few years Miles of Music has thrown in the towel. A visit to their web site this morning displays the following:

We aren’t throwing in the towel so much as calling a time-out. For now, though, we are closed for business.
We’ve come to a pause in an era. The economy, the credit crunch, the changing way people consume music have all lead us to today.
All existing orders have been cancelled. Orders paid by Paypal are being refunded.
Now is it time to clean up, clean out, and consider the future.
There are many terrific places to purchase music on-line. Please continue supporting independent artists.
– Jeff Weiss, Miles of Music

Maybe they’ll come back as the iTunes of Americana music or something but I am guessing they’re toast. It’s too bad to…despite their terribly slow shipping I always felt good about myself for buying stuff from them.

EDIT: I WROTE MORE ON THIS (INCLUDING TALKING TO JEFF) HERE.

Drag The River - Death of the Life of the Party