We've asked Best Buy and Target for comment. CD sales overall in the USA were down 18.5% a year ago, and it only made up $40 million of Best Buy's yearly revenue, so it's not a great surprise that they've made the move.
But in an interesting twist, the store is committed to carrying records for the next two years. Vinyl will be merchandised alongside turntables, Billboard's sources suggest.
Target is also reevaluating its sale of CDs.
'Cloverfield Paradox': What the Critics Are Saying
Netflix had not tested out this release model prior to this film , but it clearly worked, although the film is a bit of a flop. The Cloverfield Paradox premise is pretty simple and is pretty much a run of the mill of most space disaster movies .
Target is also reportedly threatening to drop CDs unless labels agree to consignment-like terms - not paying for the discs until they are sold. Imagine walking into Target's electronics section and seeing no music and no DVDs... that is a definite possibility based on what Target has tossed over the fence at audio and video suppliers. Under the plan, Target would only pay for the discs when they are purchased, rather than upon receiving them. This year we will likely see the death of another famous music format.
Target used to carry more than 800 CD titles, but seems to have reduced its stock to less than 100 titles.
Pakistan stands behind Kashmiris, says Pak PM Shahid Khaqan Abbasi
Shahid Khaqan Abbasi spoke on yesterday to the local parliament in Muzaffarabad, the seat of the Pakistani-controlled part of Kashmir.
The spokesperson continued by saying the company was evaluating its operating model reflecting its continued investment in its Entertainment business.
What do you think about big box stores dropping, or at least threatening to drop physical music CDs? "We have nothing more to share at this time".
BJP to counter TDP claims on Union Budget
Last week, Naidu had issued an ultimatum to the BJP chart its own course if the BJP did not wish to continue with the alliance. Chandrababu Naidu told his cabinet colleagues that the party will take a political decision on the issue, party sources said.