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Reuters/Shannon
Stapleton
-
Best
Buy recently announced that it will be pulling CDs from its
stores due to an overwhelming drop in sales. -
Target
is expected to follow suit. -
Despite the fact that more and more people are
resorting to streaming services and vinyl to get their music,
many were shocked and upset by Best Buy’s decision to pull CDs
from its stores.
Best Buy, formerly one of the biggest music merchandisers in the
United States, has plans
to pull CDs from all of its stores by July 1, Billboard
reported.
Target could be the next retailer to do so, as it’s now demanding
that music suppliers sell them inventory on a consignment basis
and pay for unsold inventory. One music manufacturer is leaning
towards saying no to this deal, according to Billboard.
This should come as no big surprise — between streaming
services like Apple Music and Spotify taking over
and vinyl
returning to popularity, there doesn’t seem to be much of a
place for CDs anymore. Over 800 million CDs were sold in the
United States in 2001, but that number has since dropped down to
89 million, according to
Consequence of Sound.
Despite the fact that CD sales have been
dropping rapidly for years, people seem to be shocked and
upset with Best Buy’s decision to pull them from its
shelves.
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