Buying CDs from your favorite artists may soon be a thing of the past at Best Buy.
A recent report from Billboard said the electronic retail giant told music suppliers it will no longer sell CDs in its stores by July 1.
The change could affect area Best Buy stores in Kansas City, Independence, Lee’s Summit and Overland Park.
Local management of these stores referred all questions about their CD offerings to Best Buy’s corporate office, and Best Buy has not commented publicly since the report came out Friday.
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Citing unnamed sources, Billboard reported that Best Buy’s CD sales brings in about $40 million per year, a significant decrease from what it used to be.
While it may no longer carry CDs on its shelves by this summer, Best Buy will reportedly continue to sell vinyl for the next two years.
Reactions to the report have been mostly feelings of sadness, disappointment and some nostalgia on Twitter.
Your lack of CD's has only increased my Amazon shopping and now it sounds like it will all go there. I'll take the physical copy over streaming any day of the week.— John Watson (@nu1ncaa) February 6, 2018
Yes, I still buy CD's and even vinyl records. That's how music and artists should be appreciated; by buying their work, not stream them for free.— Cicco チコ (@missciccone) February 6, 2018
Best buy is not going to sell CDs anymore and I'm feeling age and irrelevancy creeping up on me— Sam Smith (@cinefile_24) February 6, 2018
After discontinued CDs I'm not shopping at your stores no more Amazon is going to be the best bet so hope you go out of business— Alfred HolmanIII (@AlfredHolmaniii) February 3, 2018
As a #90s kid, it makes me incredibly sad. It feels like the end of an era.— Venus (@venuspoplife) February 5, 2018
Best Buy stops selling CDs in July. But will continue selling vinyls .
OK.— Jeffrey Rousseau (@JRpotential) February 3, 2018
In the same story, Billboard also reported Target could be changing the way it does business with music and video suppliers, which could affect CDs and DVDs it offers in-store if major labels don’t agree to the new terms.
According to Billboard, Target has indicated to music and video suppliers that it’s looking to switch to scanned-based trading, meaning the chain would pay for the products after they’re sold or scanned at a register.
Target released the following statement to Billboard in response:
“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 latest movies and music titles, along with exclusive content, to our guests. The changes we’re evaluating to our operating model, which shows a continued investment in our Entertainment business, reflect a broader shift in the industry and consumer behavior.”
For the time being, CDs haven’t gone away. Music lovers can still order CDs online, buy them at other major retailers, such as Walmart, or at some of local record shops.
Source : http://www.kansascity.com/news/business/article198702589.html806