End Of An Era: Best Buy Will Stop Selling CDs This Year

End Of An Era: Best Buy Will Stop Selling CDs This Year

Billboard is reporting the big box retailer plans to pull CDs from store shelves this summer due to declining sales.

Target could be the next retailer to do so, as Billboard further reported that it was demanding that music suppliers sell the retailer inventory on a consignment basis and pay for unsold inventory. That means Target would only pay labels for CDs when customers buy them, rather than buying the CDs in bulk and paying for shipments of unsold CDs back to the label for credit.

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In fact Best Buy isn't the only one feeling the pinch as the report claims that Target is also looking for a way to reduce their losses. Despite their status as an antiquated medium, they still sell pretty well internationally, though sales in the USA market were down 18.5% in 2017.

The once commonplace digital music format is getting hammered in the U.S. This year we will likely see the death of another famous music format.

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In South Africa, the sale of CDs is declining rapidly, but remains the most popular way to buy music.

Late past year, Target apparently gave both music and video suppliers an ultimatum that it wants to switch to scanned-based trading by April 1st or May 1st. Most recently, Target moved half a million of Taylor Swift's Reputation, showing it can still push large titles.

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"Entertainment has been and continues to be an important part of Target's brand". Music lovers can still order CDs online, buy them at other major retailers, such as Walmart, or at some of local record shops.

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