Wax Trax! Records From humble beginnings in Denver, Colorado, Jim Nash and Dannie Flesher built one of the most influential American independent record labels. In 1978 they opened Wax Trax! Records in Chicago, Illinois, which would evolve into a record store and music label like no other—Wax Trax! became the nexus of the new wave, punk rock and industrial music scenes, and America’s preeminent industrial label of the 1980s and ’90s