Video Killed the Radio Star and Now Digital Is Killing the CD Sales
With online sales growing more and more everyday it looks like Best Buy is pulling its CDs off the shelves.
According to DigitalTrends.com, sales in the U.S. dropped more than 18 percent last year. Best Buy used to be the top music seller in the U.S. That is not the case anymore.
The company's CD sales generate a relatively low $40 million per year. On the other hand vinyl sales hit a record high in 2017! Best Buy, due to a commitment it made with vendors, will continue to sell vinyl in its turntables section.
So how long do you still have to buy a CD at Best Buy?
Billboard is reporting that Best Buy has informed music suppliers that it will stop selling CDs and pull them from shelves July 1. Target also may soon follow Best Buy. Currently, Target purchases music and videos when they’re released, with unsold product shipped back after 60 days at Target’s expense for a credit.