Best Buy to Stop Selling CD’s
Best Buy is Phasing Out CDs and has Plans to Abandon them Completely by the Summer
(CNN)- According to Billboard Best Buy will sell vinyl records but not compact CD’s starting this July.
The retailer reportedly plans to pull all CD’s out of its stores by then.
The once commonplace digital music format is getting hammered in the US.
CD sales were down 18.5% 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 with the vinyl format having a resurgence.