Best Buy Pulling CDs From Stores and People Are Freaking Out
Best Buy, formerly one of the biggest music merchandisers in the United States, has plans to pull CDs from all of its stores by July 1, Billboard reported. Target could be the next retailer to do so, as it’s now demanding that music suppliers sell them inventory on a consignment basis and pay for unsold inventory. One music manufacturer is leaning towards saying no to this deal, according to Billboard.
This should come as no big surprise — between streaming services like Apple Music and Spotify taking over and vinyl returning to popularity, there doesn’t seem to be much of a place for CDs anymore. Over 800 million CDs were sold in the United States in 2001, but that number has since dropped down to 89 million, according to Consequence of Sound.
Despite the fact that CD sales have been dropping rapidly for years, people seem to be shocked and upset with Best Buy’s decision to pull them from its shelves.