2001– Sam the Record Man was forced to file for bankruptcy on Oct. 30, which applied to 30 stores owned by the family and was partially due to their $15-million debt.
2002- Sam’s sons Jason and Bobby reopened the Yonge Street store along with 11 franchise stores. The franchise stores outside of Toronto were not a part of the bankruptcy filing.
2007– On June 22, city council voted in favour of designating the property as a heritage site. The building was designated because the Ontario Heritage Act had no rules for store signs.
2007- On June 30, the flagship store on Yonge amd Gould Streets closed permanently. They pointed to the influence of technology on the industry as a reason for their decision.
2008- On Jan. 18, Ryerson University bought the property to expand their campus, and later on decided to use it for their upcoming Student Learning Centre.