Scattered throughout my old collection of vinyl records, there are still the vestiges of by-gone record stores. There's a Garage D'or sticker, a Down in the Valley sticker, and a handful of stickers from Platters and Tatters.
Someone knew how to market things back in the 1980s and 1990s, because these stickers still look fabulous. They were all affixed to the outside of the cover of the 12" singles that I had purchased; it would have been considered very bad form to put the sticker right on the cover of the physical item itself. The pieces in question come from singles released in 1987 and 1985 (or thereabouts), so they have held up well.
Note that there is definitely a distinction between the "platters" side (records, duh) and the "tatters" side (used clothing). I suspect they also sold new or remaindered clothing, but I could be wrong on that. Basically, you could buy a record and a new outfit, and that would get you through the week.
How the heck did they go out of business? If they were open today, I would be willing to bet you just the right number of hipsters would show up on a steady basis to keep them in business. I'm not saying it would be easy, but who wouldn't want to find a few treasures, all for the cost of a few bucks and a quiet afternoon?