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Best Buy is pulling CDs from its stores — and people are freaking out

February 5, 2018
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Home BUSINESS

Best Buy is pulling CDs from its stores — and people are freaking out

by huewire
February 5, 2018
in BUSINESS
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best buy
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. 


Best Buy CDs6
Twitter/YCemmy96


Best Buy CDs
Twitter/ErinMKearny


Best Buy CDs4
Twitter/litsa1020


Best Buy CDs3
Twitter/matt_bieniek


Best Buy CDs10
Twitter/Royaljayyy


Best Buy CDs2
Twitter/beezy430


Best Buy CDs1
Twitter/Stashme

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