how many of their own albums were in stock. Joe Cocker, Van Morrison, Elvis Costello, Bette Midler, Lou Reed and Elton John were just some of the artists that came back on their next visit. 843 Hay Street was proposed for demolition in 1987. Wanting to stay in the same area they had become associated with, 78 Records crossed Hay Street to number 884. In 1989, the Basement opened with videos, books, posters, comics T-shirts, and tickets for forthcoming events. 78 Records expanded from solely music-related items with the Basement developing a unique identity of its own with the inclusion of film, interactive media and cult writing. 78 Records moved again in March 1996 to 914 Hay Street, where it was located for 16 years. The first floor of this larger building had its own stage which was frequently used by local, national and international artists. In 2013 the store relocated once again to upstairs premises above 255 Murray Street with entry from a laneway off the Murray Street Mall. On 5 February 2019 the manager of 78 Records announced that the store would be closing on 3 March 2019 after nearly 48 years of operation, citing the rise of streaming services and declining retail conditions as the reason for the closure. Awards 78 Records won the ARIA Award for Best Independent Retail Outlet in Western Australia in 2007. References Companies based in Perth, Western Australia Music retailers of Australia Murray Street, Perth 1971 establishments in Australia 2019 disestablishments in Australia Retail companies established in 1971 Retail companies disestablished in 2019