The first Musicland store opened in 1955 in Minneapolis. The company expanded rapidly during the mall boom in the 1980s and continued to grow into the 90s, becoming the US's largest specialty retailer of entertainment products. In addition to Musicland the company also ran Sam Goody, Suncoast, OnCue, and the Media Play Superstore Chains. The Musicland Group was purchased by Best Buy in 2001 at the height of Musicland's success, which ultimately led to its demise. By then, Musicland numbered over 1300 stores, but Best Buy failed to generate the results they were looking for, losing $85 million in 2002. They had failed at properly running The Musicland Group and as a result, they put the company up for sale. The Musicland Group filed for Chapter 11 bankruptcy in 2006.