Best Buy to phase out CDs, but keep selling vinyl

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Monday, July 2, 2018
Best Buy phasing out CDs
Best Buy is going to stop selling music CDs starting this summer, but will continue to stock vinyl albums.

Did you ever think you'd see a day where you could buy vinyl records but not CDs?

According to Billboard, that's what you'll find at Best Buy starting this month. The retailer reportedly plans to pull all CDs out of its stores.

The once commonplace digital music format is getting hammered in the U.S.

CD sales were down 18.5 percent last year and some experts pin Best Buy CD receipts to just $40 million annually.

But there's an interesting twist. The store is committed to carrying vinyl records for the next two years.

The vinyl format has been enjoying a resurgence lately.

You're also likely to see fewer CDs at Target stores in the coming months.

Executives there are reportedly insisting they will only pay music companies for the discs after they sell them instead of paying upfront for inventory.