It's too bad that the "about us" section does not go into the wonderful history of this store. Back in the day, it was known as Tatters and Platters (there may have been an ampersand in there for the purists).
I used to enjoy going to this store. There was another location closer to the University of Minnesota, somewhere up highway 55, but I couldn't tell you exactly where it was.
Riding the bus across South Minneapolis and visiting the racks in Tatters and Platters, as well as in a host of other stores (Oarfolkjokeopus, Garage D'Or, and the pawn shop on Lake Street where I found some amazing records) is one of the few good memories I have of the 1980s. I would go by myself because that's the best way to shop for records. It's difficult to imagine, but, 23 years ago, I was probably on my way to one of these stores, ready to spend every spare nickel I had on music. No regrets, none whatsoever.
As I remember it, Tatters and Platters was the only really good record store in Uptown unless you were willing to say Garage D'or was in Uptown; to me, Tatters and Platters was on the very edge of Uptown. There were ghastly stores in the mall there, ones that would sell the most horrible crap to the most uptight people imaginable. No, I did not fit in and I'm glad I didn't.
The other place where I would go was also on Lake Street, and I think it was a Sam Goody or something like that. Normally, I wouldn't go into a place like that and expect much but they always had good deals. Somehow, this may have evolved into a Best Buy (one of the first ones?) and it may have evolved into some other animal altogether.
By the mid-1990s, I was losing interest in record stores, save for the oasis stores (isolated pieces of paradise in a corporate desert) that would always have imports and things like that (yes, that would mean Let It Be in Minneapolis which had the most God-awful staff and the worst location ever, or so it seemed to me). Two great stores that you may know about are Manifest in Columbia, South Carolina and the fantastic Waterloo in Austin, Texas. I bought most of my rare Verve CDs at Manifest, and I have great memories of that drive over from where I was stationed in Augusta, Georgia. Waterloo was like a Godsend to me when I arrived in San Antonio. It was like finding, well, like I said--an oasis.
If you are of a mind to support independent music stores, seek those out. I am sure there are many more.