YOUR BUSINESS AUTHORITY
Springfield, MO
YOUR BUSINESS AUTHORITY
Springfield, MO
Best Buy announced Monday it would cut back on the amount of CDs sold in its stores.
“The way people buy and listen to music has dramatically changed and, as a result, we are reducing the amount of space devoted to CDs in our stores,” Best Buy officials said in a statement. “However, we will still offer select CDs, vinyl and digital music options at all stores.”
CD sales generated $1.1 billion in revenue last year, down from a peak of $13.2 billion in 2000, according to data from the Record Industry Association of America.
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