Best Buy will merchandise vinyl with turntables, or record players if you prefer the old school term.
The consumer electronics chain was once a significant seller of CDs in the U.S. market, and only increased in importance as the number of specialist music retailers started to decline in the 2000s.
As music streaming services continue to flourish in the digital age, Consumer Affairs notes that 89 million units of CDs were sold in all of 2017 - compared to the 800 million sold in 2001. Target executives are reportedly insisting they will only pay record labels for CDs after they sell them instead of paying upfront for inventory.
The once commonplace digital music format is getting hammered in the US. Music labels are apparently waiting to see how DVD manufacturers react. As it stands, Target pays music suppliers within 60 days of receiving inventory, and then pays to ship back unsold CDs for credit. Most recently, Target moved half a million of Taylor Swift's Reputation, showing it can still push large titles. 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.
Despite the news, Target claims it's still going to be committed to entertainment software. As downloadable and streaming audio become more popular, it was only a matter of time before stores stopped providing shelf space for the lowly Compact Disc. Streaming services such as Apple Music and Spotify have caused CD sales to plummet in recent years.