Best Buy To Stop Selling CDs


February 3rd, 2018 by

Best Buy To Stop Selling CDs

 

Best Buy To Stop Selling CDs
Best Buy To Stop Selling CDs

 

Per HotNewHipHop:

Here’s some unfortunate news for fans. It looks like it could be the beginning of an end for CDs. According to a report from Billboard, Best Buy will no longer sell physical copies of CDs come July 1st, and Target could be following suit.

Best Buy reportedly notified music suppliers this week that they will cease selling CDs at their stores this Summer. The cause for this move is unknown, but it will definitely hurt sales. CD sales were down 18.5 percent last year, and with this now happening, it’s only going to get way worse moving forward.

However, there is a little kicker. While they say they’re done with the CDs, Best Buy will continue to carry vinyl for the next two years, keeping a commitment it made to vendors.

In addition to Best Buy, Target might also go the no-CD route as well. Sources say that Target has demanded to music suppliers that it wants to be sold on a consignment basis. As Billboard reports, “Target currently takes the inventory risk by agreeing to pay for any goods it is shipped within 60 days, and must pay to ship back unsold CDs for credit. With consignment, the inventory risk shifts back to the labels.” In other words, Target wants to take less of a risk and put it on the labels. If these requirements aren’t met, they will reportedly cease all CD sales.

Billboard also points out that both Best Buy and Target have been reducing the number of music titles they have been carrying in recent years as well. So not only are the CDs going away, but so are many of our favorite artists who are getting supported.

Catiana

About Catiana Saillant

As a child, I've always loved music. From different genres such as Hip-Hop, R&B and Pop. Music allows you to be creative and express yourself the way that you please to. I've sought music to be a place where you can be YOU. You can dance, cry, laugh and do all kinds of crazy things to music. That is what makes me so passionate about what I do! My ultimate goal is to build a mainstream media platform that represents and supports culture such as paintings, music, film and provide empowering media coverage to my viewers.

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