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.
***
[OK, when's the clearance sale?]
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