Best Buy Dumps CDS

Sound & Vision - - PERFECT FOCUS -

The na­tion’s largest con­sumer elec­tron­ics chain has banged an­other nail into the Com­pact Disc for­mat’s cof­fin. Best Buy will no longer sell CDS. De­clin­ing sales were blamed. Anony­mous sources quoted by Bill­board say CD sales ac­counted for only 0.1 per­cent of 2016 rev­enues. How­ever, the chain will con­tinue sell­ing LPS in dis­plays that also in­clude turnta­bles. In re­lated news, Tar­get is chang­ing terms for CD and DVD sales. In­stead of pay­ing la­bels and dis­trib­u­tors up front, it will pay for discs only af­ter re­tail pur­chase. The big­gest CD re­tail­ers are Ama­zon, with 24 per­cent of the mar­ket, and Wal­mart, with 22 per­cent. So while you might ar­gue that the CD for­mat is fail­ing, you might also ar­gue that Best Buy and Tar­get have failed to mar­ket CDS ef­fec­tively with pal­try, risk-averse se­lec­tions that pale com­pared to what’s avail­able on­line.— MF

Newspapers in English

Newspapers from USA

© PressReader. All rights reserved.