Best Buy Will Stop Selling CDs This Year


On July 1st Best Buy will stop selling CDs according to Billboard. The popularity of streaming has made the CD seem more like a historical piece for the average consumer. Germans regularly buy CDs but in the United States sales of the format went down by more than 10 percent. Best Buy will continue to carry vinyl for the next two years. Target is changing its music retail business model by selling CDs on a consignment basis. The company currently has arrangements to pay for unsold products to be sent back to suppliers for credit.  Ironically vinyl and cassette sales increased in 2017.