Best Buy to Stop Carrying CDs Continues to Carry Vinyl February 04 2018, 0 Comments
Best Buy Will Stop Carrying CDs Later This Year But Will Continue to Carry Records For At Least 2 More Years
Best Buy has announced that it is pulling out of the CD business altogether on June 1st of this year. Once one of the largest retailers of CDs in the country, Best Buy’s CD footprint has been shrinking for years. Sales of CDs at Best Buy account for only $40 million dollars in sales these days.
The music industry in general has seen drastic declines in the CD format in the last 20 years. With the rise of streaming services, it seems, that the CD format created by Sony and Phillips in the early 1980s is all but dead. Target has also stated that they will move to a consignment format with CD manufacturers.
Vinyl Still Being Carried by Best Buy
In a strange twist of fate, it seems that vinyl will actually outlive the CD format. While LP sales are minuscule by comparison to CD Best Buy says that it will honor existing contracts with record manufacturers.
"In the truest sense of the word irony vinyl will outlive the format that nearly killed it, at least at Best Buy."
That means that LPs will still be for sale in Best Buy for at least the next two years. They will be merchandised with turntables in the electronics department. In the truest sense of the word irony vinyl will outlive the format that nearly killed it, at least at Best Buy.
Turntables at Best Buy
The turntable selection at Best Buy is lackluster at best but they do have some decent entry level options. Best Buy itself only carries Audio-Technica and and Sony in-store though they have a larger selection online.
Magnolia AV, Best Buy’s store within a store, carries a higher end assortment including Pro-Ject, Marantz and Sony’s higher end model. In store purchases of these turntables at Magnolia will vary depending on location but you can always order them online. Or, you know, support your local stereo shop or record store and buy local.