Monday, 12 June 2017

Research: Retailers

It can be inferred with online streaming, Apple Music and Spotify, people going out to buy CDS is becoming less and less common, however this is not the case!


- Infact, digital sales only eclipsed CDs for the first time in 2014. During that year, global sales of physical music (most of which are CDs) totaled $6.82 billion, which was down about 8 percent from the year before. 
- Billboard reported in July of 2015 that in the first half of the year, CD sales were in fact down from the last half of 2014, but still totaled 56.6 million units.

HMV:

HMV is one of the most renowned CD/DVD shops in the UK. HMV turned over £325m in the year to 2 January compared with £366m in 2015, a figure that was bolstered by the inclusion of an extra week’s trading. Despite the decline, HMV chair, Paul McGowan, described the figures as “encouraging”, pointing to market-share gains made in physical music and film sales. This made headlines such as "Retailer remains positive despite £41m drop in sales, pointing out 53-week sales period in 2015 and move to reduce video game shelf space" and "HMV sales fall as decline in physical media continues", stating that Brits have moved towards digital media alternatives.

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