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Peaches Records & Tapes was a Los Angeles-based chain of record superstores, some as large as 15,000 square feet. They were known for its vast selection, with many locations in buildings the size of a typical grocery store, reportedly stocking $500,000 in inventory. Peaches were also known for in-store events with bands and artists, huge murals of the latest album covers on the side of its buildings and for selling records from fruit-crates. The first store opened on Hollywood Boulevard in Los Angeles in 1975 and later that year, a second was opened in Atlanta. At its peak, Peaches had 50 stores in 22 cities with over 2,000 employees. In June 1981, Peaches filed a petition for bankruptcy under Chapter 11 citing $20 million in debt.
