Best Buy will stop selling CDs as digital music revenue continues to grow


Best Buy is abandoning the humble CD and will no longer sell them in its stores starting on July 1st, 2018, reports Billboard. The move comes as CD sales continue to decline; revenue from digital music downloads eclipsed it back in 2014.

Target, on the other hand, says it will only sell music CDs under a consignment basis, shifting inventory risk back to the labels. 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.

In a statement emailed to The Verge, Target said:

“Entertainment has been and continues to be an important part of Target’s brand. We are committed to working closely with our partners to bring the...

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via The Verge - Tech Posts "http://ift.tt/2EKxCfp"

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