Best Buy Will Stop Selling CDs This Summer

Mark Kauzlarich  Bloomberg via Getty Images
The Target Corp. logo is see at the entrance of a store at City Point in the New York City

The consumer electronics store recently announced it will pull CDs from its stores by July due to a major drop in sales, Billboard reported.

While it may no longer carry CDs on its shelves by this summer, Best Buy will reportedly continue to sell vinyl for the next two years.

Best Buy is planning to pull CDs from its stores beginning in July, amid a drop in sales in the US, according to a report. In addition, the store must pay to ship back any unsold CDs for credit. In addition, Target is also said to be reevaluating its approach to CD sales. This year we will likely see the death of another famous music format.

More news: Florida nurse holds live Q&A on Facebook after video goes viral

U.S. analysts claim that the Best Buy move is more a formality at this point for the USA retailer, whose once formidable, traffic-driving CD assortment has long since been usurped by streaming media and more productive categories in-store. It wants to pay for CDs and DVDs after they are sold or scanned at the registers. According to the same report, the retailer Target is cracking down on disc sales by giving suppliers a hard choice: switch to a consignment-based arrangement or risk losing the retail franchise entirely. For example, previous year Target moved 500,000 copies of Taylor Swift's latest, Reputation. The deadline for that ultimatum would be either April 1 or May 1 for music suppliers, according to Billboard's sources.

For some listeners, the convenience of streaming services and legal downloads gradually took the place of CDs. Perhaps in the future a new generation of audiophiles will reignite interest in CDs and we'll have CD Store Day.

Related News:

  • Israel To Retroactively Legalize A Colonialist Outpost

    Israel To Retroactively Legalize A Colonialist Outpost

    Roberto Valent, an official with the United Nations humanitarian agency OCHA, said he was "deeply concerned" by the demolition. On Saturday night, IDF soldiers detained a Palestinian who is suspected of collaborating with the attacker.
    China Rejects US Revision of Nuclear Strategy

    China Rejects US Revision of Nuclear Strategy

    The U.S. government says it has been in compliance since August and expects Moscow to comply by the deadline, which is Monday. The 74-page report, the Pentagon's first since 2010, cast China as "a major challenge to USA interests in Asia".

    Dow Plunges 550 on Hovering Charges, Disappointing Earnings

    The S&P 500 dropped almost 60 points, or 2.1 percent, and the Nasdaq Composite slid almost 145 points, or 2 percent. The Stoxx Europe 600 Index decreased 1.4 percent, wiping out gains this year with its fifth consecutive decline.
  • It's official! Spice Women verify reunion

    It's official! Spice Women verify reunion

    The Spice Girls have confirmed that they are planning to work together again on some 'new opportunities, nearly two decades after they split up.
    Victor Oladipo To Participate In All-Star Slam Dunk Contest

    Victor Oladipo To Participate In All-Star Slam Dunk Contest

    Maybe it's because my expectations were so high, but he'll get a mulligan this year and should be one of the fan favourites. But Saturday has the dunk contest, and memories of a good dunk contest will outlast anything else.
    Victims' father lunges at Larry Nassar during sentencing hearing

    Victims' father lunges at Larry Nassar during sentencing hearing

    WKAR's Katie Cook has more from the courtroom . " Give me one minute with that bastard ", Margraves said while being detained. Nearly immediately, this family's getting professional advice to see one of the top doctors in his field, Larry Nassar .
  • United Kingdom  court rejects bid by Julian Assange to have arrest warrant lifted

    United Kingdom court rejects bid by Julian Assange to have arrest warrant lifted

    Arbuthnot said that on February 13 she will rule on a request to have the entire United Kingdom case against Assange dropped. Julian Assange speaks to the media from the balcony of the Embassy Of Ecuador on May 19, 2017 in London .
    Media Stocks Battered as Dow Sees Worst Showing in 20 Months

    Media Stocks Battered as Dow Sees Worst Showing in 20 Months

    The market, which is down about 4% from its recent peak, hasn't suffered a 10% drop, or " correction ", since February 2016. Apple fell 4.3 per cent after reporting a record $20 billion profit in the fourth quarter on higher revenues.
    Police arrest 29 women for not wearing headscarves in Iran

    Police arrest 29 women for not wearing headscarves in Iran

    Tehran police said on Thursday that the campaign had been instigated from outside Iran through illegal satellite channels. Campaigners in Iran had already called for the release of one woman, identified...
  • Footage of post-Super Bowl chaos in Philadelphia emerges online

    Footage of post-Super Bowl chaos in Philadelphia emerges online

    Yes, Brady threw for 505 yards, but the Philly defense forced him into the game's biggest error at just the right time . He knew that great teams aren't only about who's on your team, but about how the team works together .
    5 fun facts about Groundhog Day, Punxsutawney Phil

    5 fun facts about Groundhog Day, Punxsutawney Phil

    The top hat-wearing members of the Punxsutawney Groundhog Club's Inner Circle reveal Phil's forecast every February 2. His prediction of six more weeks of winter was accurate for a few regions, but it came up short for several others.
    LeBron James willing to meet with Warriors this summer

    LeBron James willing to meet with Warriors this summer

    They certainly need to fix their defensive unit, which now ranks near the bottom of the league in numerous categories. But if he believes passive-aggressive leaks would also help him achieve that goal, I wouldn't put it past him.


Most liked

Bennett warns Poland he's coming to 'tell the truth'; Poles cancel visit
Millions more Polish Jews, and other non-Jewish, Polish civilians were murdered across the country. Some of the worst Nazi atrocities were committed on Polish soil.

Former Olympic doctor sentenced in landmark trial
This sentencing closes weeks of fearless and heartbreaking victim impact statements from Nassar's victims and their families. Gymnasts from the two teams thanked the women who have told their stories of abuse at the hands of convicted molester Dr.

Pakistan stands behind Kashmiris, says Pak PM Shahid Khaqan Abbasi
PM Abbasi said that there has been no interference by the federal government in the previous assembly elections of Kashmir.

1 deputy dead, two officers shot in Colorado Springs shooting
Hickenlooper also urged Colorado residents to provide sympathy to Flick's family and to pray for the wounded. On Dec. 31, Douglas County Sheriff's in a shooting at the Copper Canyon Apartments in Highlands Ranch.

Bill Belichick characteristically bristly, cryptic when asked about Malcolm Butler's benching
You make the decision to give us the best chance to win. "I'm sure other players felt the same way". If you're going to go down, you may as well at least go down with your best players on the field.

Instigating communal tension is Amit Shah's 'standard', says Siddaramaiah
A group of students on Sunday chose to sell pakodas (fried Indian snacks) outside the rally venue of Prime Minister Narendra Modi. Krishna (SMK), who joined the BJP a year ago , made an appearance at the Modi rally and was given a front row seat on the dais.

Midwest expert looking for more rate hikes under new Fed chair
Federal Reserve Chair Janet Yellen , the first woman to head the nation's central bank, is not taking any time off. The Fed has a twin mandate to promote full employment while keeping a lid on inflation .

Tillerson Visits Mexico Amid Strained Relations Over Immigration, Trade
In his State of the Union address earlier this week, Trump emphasized his plans for a continued U.S. crackdown on immigrants. Trump has himself suggested possible military intervention in Venezuela, though that was widely rejected in Latin America.

Gunman targets African migrants in Italy's Macerata
Italian police have arrested a gunman suspected of a carrying out a drive-by shooting spree that targeted African immigrants. The suspect was identified as 28-year-old Luca Traini, according to multiple Italian media reports , citing police.

Mourinho slams Manchester United players after Spurs defeat
Manchester United have been in good form this season and they are looking to tighten their hold on the Champions League places. It's a backhanded compliment, but as the game went on, the boos diminished as much as the Chilean's role in the match.

Middle School Shoot Was Not Intentional
A student and parent react while leaving campus at Salvadore Castro Middle School in Los Angeles , California on February 1, 2018. A hotline has also been set up for those that cannot get to the location in person, and can be reached by dialing 213-241-1000 .

Melania "Furious" With Donald About Porn Star Payoff
Daniels also shot back at critics and blamed the internet for salacious claims spurred by her alleged encounter with Trump. In a statement issued Tuesday night, Stormy Daniels denied her "alleged sexual relationship" with President Donald Trump .

Mesa ammo dealer wants death threats to stop and his reputation cleared
A criminal complaint filed in federal court in Phoenix said Haig didn't have a license to manufacture armor-piercing ammunition. Haig then put the ammunition in the box later found in Paddock's room.

Donald Trump taking tougher stance on Russian Federation nuclear threat
Nikki Haley said the NPR will allow the U.S.to remain "flexible and well-prepared for the unique threats we face today". The US also plans to modernize its nuclear arsenal by developing new, low-power nuclear munitions.

Countdown To Six Nations Opener Against France
The Murray-Sexton half-back axis is present, along with the tried and tested Healy-Best-Furlong front row. But this year, with the fixtures reversed, Ireland have three successive home games from Rounds Two-Four.