Walmart downsizing shelf space for music CDs, giving more to Blu-ray
Remember the days of watching big box retailers like a hawk to see if more shelf space was being given to Blu-ray or HD DVD? Yeah, epic times. Now, however, a new report is suggesting that Walmart may be giving more of its packaged media space to Blu-ray Discs rather than music CDs. The reason? A 23% decline in CD sales during the first four weeks of Q4. According to Richard Greenfield, analyst with Pali Capital, he believes that Wally World is "increasing its exposure to consumer electronics, video games and Blu-ray, and reducing floor space devoted to CDs and standard DVDs." Furthermore, it's bruited that John Fleming, chief marketing officer with Walmart, insinuated that "electronics would be getting space expansion in stores due to the decline in physical packaged media." We'll be keeping an eye out to see if we spot any shifts in our local Walmart stores -- won't you do the same?
[Image courtesy of TeamSugar]
