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Wednesday, February 7, 2018

Best Buy Pulls Cds From Shelves, Others To Follow

As I once said and feared, CD retailers are starting to loose profit while retail stores are tired of looking at them on the shelves. Unless something changes, Best Buy will be pulling all music CDs off their store shelves on July 1, 2018.

Even though digital is on the upswing, physical is still performing relatively well on a global basis. But things are about to get worse here, if some of the noise coming out of the big-box retailers comes to fruition.

At one point, Best Buy was the most powerful music merchandiser in the U.S., but nowadays it's a shadow of its former self.

Best Buy will continue to carry vinyl for the next two years, keeping a commitment it made to vendors. The vinyl will now be merchandised with the turntables, sources suggest.

Target has greatly reduced its music presence over the years. Once upon a time carried as many as 800 music titles, and nowadays seems to carry less than 100 titles in most stores.

More Music News:

Spotify Hit With Big Lawsuit

Apple Sued Over Unpaid Royalties

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