Best Buy removing CDs this July, keeping vinyl records

07 February, 2018, 01:45 | Author: Salvatore Jensen
  • Best Buy removing CDs this July, keeping vinyl records

Best Buy will no longer offer shelf space to CDs as of July 1st, but curiously they will continue to carry vinyl for a few years due to a commitment made to vendors.

With the fact that inventory of CDs are hard to move in the digital age of iTunes, Amazon, and more, the stores are looking to pull back or pull out completely, and Best Buy isn't the only one. Evidently, the retailer is now demanding that music suppliers agree to buy back any CDs that aren't sold within a 60 days.

In addition, Target reportedly wants to change how it acquires CDs from major labels. A report from Billboard showed that CD sales drop 18.5 percent a year ago as more consumers turn to digital downloads and streaming services such as Spotify and Pandora. Music labels are apparently waiting to see how DVD manufacturers react. Under the plan, Target would only pay for the discs when they are purchased, rather than upon receiving them.




American retailer Best Buy will bail on CDs later this year. Though Target only stocks 100 titles at any given time, it's still responsible for a sizable chunk of sales. With a growth rate of 5 percent to Spotify's 2 percent, Fortune predicts Apple's streaming platform could overtake Spotify as the No. 1 streaming service in the U.S. On a global scale, Spotify's subscriber base is nearly twice as that of Apple Music's.

Today JB Hi Fi has a far more "flexible racking solution" in its store claims Murray and this allows individual stores to configure the CD and gaming racks to get maximum results.

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