Best Buy to stop CD sales

Business

(WTNH) — Did you ever think you’d see a day where you could buy vinyl records but not compact discs?

According to Billboard, that’s what you’ll find at Best Buy starting this July.

The retailer reportedly plans to pull all CDs out of its stores by then.Related Content: Best Buy to hand out bonuses to workers

The once commonplace digital music format is getting hammered in the U.S.

CD sales were down 18.5 percent last year, and some experts pin Best Buy’s CD receipts to just $40 million annually.

In an interesting twist, the store is committed to carrying records for the next two years. The vinyl format has been enjoying a resurgence lately.

You’re also likely to see fewer CDs at Target stores in the coming months.

Executives are reportedly insisting they will only pay music companies for the discs they sell them instead of paying upfront for inventory.

Copyright 2020 Nexstar Broadcasting, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

Trending Stories

Don't Miss

More Don't Miss