Latest in Gear

Image credit:

Best Buy will stop CD sales as digital music continues to take over

Target might not be far behind.
Jon Fingas, @jonfingas
February 5, 2018
Share
Tweet
Share

Sponsored Links

Reuters/Mario Anzuoni

There's not much reason to shop for CDs when you download or stream all your music, and big-box stores are reacting to that decline. Billboard sources have learned that Best Buy has told suppliers that it will remove music CDs from its stores as of July 1st. The chain was only making $40 million per year from the plastic discs -- a drop in the bucket for a retailer this size. Vinyl aficionados will still find records on sale for the next 2 years, according to the insiders, although they may have to be sold next to the turntables themselves.

Target, meanwhile, appears on the cusp of backing out. It reportedly wants to switch from paying for all music CDs and DVDs it receives (and shipping back whatever it doesn't sell) to only paying for those discs that actually sell. Suppliers would have until April 1st or May 1st to make the switch, depending on the company. And they're not necessarily willing to cooperate -- at least one major music label is "leaning no," Billboard said, while two others have yet to make a call.

We've asked Best Buy and Target for comment.

The move isn't coming out of left field. Best Buy and Target are nowhere near as important for CD sales as they used to be (Best Buy in particular was once the biggest music reseller in the US), and now stock just a small selection of discs. And they're unlikely to bounce back when CD sales have been dropping across the board for a while. Why go to an electronics shop with a mediocre music catalog when you can get the physical album you want through an online store, visit a dedicated retail store or stream virtually any song on-demand? Not that they'll necessarily mind -- this won't be a tremendous loss, and they already sell devices for digital-only listeners. This is more a sign of the times than a devastating blow.

All products recommended by Engadget are selected by our editorial team, independent of our parent company. Some of our stories include affiliate links. If you buy something through one of these links, we may earn an affiliate commission.
Comment
Comments
Share
Tweet
Share

Popular on Engadget

Raspberry Pi Pico is a $4 Arduino alternative

Raspberry Pi Pico is a $4 Arduino alternative

View
Samsung Galaxy S21 review: The best Android phone for the money

Samsung Galaxy S21 review: The best Android phone for the money

View
New White House website includes a hidden recruitment message for coders

New White House website includes a hidden recruitment message for coders

View
See the 'Girl with a Pearl Earring' painting in 10-gigapixel detail

See the 'Girl with a Pearl Earring' painting in 10-gigapixel detail

View
Samsung Galaxy S21 Ultra review: A capable but costly flagship

Samsung Galaxy S21 Ultra review: A capable but costly flagship

View

From around the web

Page 1Page 1ear iconeye iconFill 23text filevr